SAHARA & NELLIS RETAIL CENTER

Transcription

1 Offering Memorandum SAHARA & NELLIS RETAIL CENTER 06 EAST SAHARA AVENUE LAS VEGAS, NEVADA 9 Newmark Grubb Knight Frank 3930 Howard Hughes Parkway, Suite 0 Las Vegas, NV 969 P () F () 6. Nelson Tressler Executive Managing Director, Retail Group..6 ntressler@ngkf.com Michael Zobrist Director, Retail Group.. mzobrist@ngkf.com

2 SAHARA & NELLIS RETAIL CENTER TABLE OF CONTENTS EXECUTIVE SUMMARY SECTION Rent Roll PROPERTY SUMMARY SECTION Property Highlights & Amenities 3 Las Vegas Valley Map Surrounding Retailers Aerial (Close) Surrounding Retailers Aerial (Wide) 6 Assessor s Parcel Map Property Photographs - 0, 3, & Mile Radius Demographics - 3 Business Summary Profile

3 EXECUTIVE SUMMARY EXECUTIVE SUMMARY Sahara & Nellis Retail Center is a strip retail center located on the southeast corner of Sahara Avenue and Nellis Boulevard, on the east side of Las Vegas. The property is shadow anchored by a Walgreens pharmacy, just to the west. This intersection is a major retail hub for the surrounding residential communities with large retail centers on three of the corners. Surrounding businesses include Food Less, Dollar General, Planet Fitness, Harbor Freight Tools, Aaron s, Firestone, Bank of America, just to name a few. The intersection of Sahara & Nellis has ± 6,000 cars traveling through it each day. The property, built in 00, is well maintained and features an attractive design. It is situated on a 0.0 acre parcel, allowing for ample parking in both the front and rear of the building. Cross-reciprocal access directly on to Nellis is available via a public driveway at the south side of the property. Seasoned tenants currently include Neighborhood Dental, Marco s Pizza, LA Insurance, Metro PCS, Subway and Bee Nail Salon. Upside income potential through the lease-up of a former restaurant space. ADDRESS BUILDING TYPE ASKING PRICE ANNUAL N.O.I. SQUARE FOOTAGE 06 E. Sahara Avenue Las Vegas, NV 9 Strip Retail Center $,, $00,.3 ± 9,00 square feet

4 EXECUTIVE SUMMARY RENT ROLL Rent Roll Sahara & Nellis Retail Center Unit Tenant Name Lease Start Lease End Unit Size NNN Lease Rate PSF Monthly Rent Annual Rent A & B Neighborhood Dental /6/006 /30/03,000 $,0.00 $. $,. $6,36.3 C VACANT,00 $0.00 $0.00 $0.00 $0.00 D Subway //006 /30/06,00 $3.00 $.3 $3,0. $36,3.00 E Metro PCS 0//0 9/30/09,00 $6.00 $. $,.00 $,00.00 F Bee Nails //03 /3/0,00 $6.00 $. $,.00 $, G LA Insurance //0 /30/0 900 $0.00 $.6 $, $,0.00 H Marcos Pizza //0 3/3/0,00 $9.00 $.3 $,00.00 $,0.00 9,00 $3,3.00 $6,.36 $00,.3

5 PROPERTY SUMMARY 3 PROPERTY HIGHLIGHTS & AMENITIES ADDRESS BUILDING TYPE ASKING PRICE ANNUAL N.O.I. SQUARE FOOTAGE YEAR BUILT PARCEL SIZE PARCEL NUMBER ZONING TRAFFIC COUNTS OCCUPANCY TENANTS ACCESS 06 E. Sahara Avenue Las Vegas, NV 9 Strip Retail Center $,, $00,.3 ± 9,00 square feet acre (3, square feet) C- (Clark County Jurisdiction) Nellis Boulevard -,000 cars per day Sahara Avenue -,000 cars per day % The property is currently occupied by Neighborhood Dental, Marco s Pizza, LA Insurance, Metro PCS, Subway and Bee Nail Salon. The property has a ingress/egress on Sahara Avenue, a public road to the south of the parcel allowing direct access to Nellis Boulevard, and an access point to the east on Links Drive. There is left-out access on to Sahara Ave. directly in front of the property.

6 HUALAPAI WAY SO MERSET HILLS AVENUE G PROPERTY SUMMARY LAS VEGAS AREA VICINITY MAP LAS VEGAS AREA MAP GRAND TETON DR DESERT FOOTHILLS DR. ALTA Providence SUMMERLIN TOWN CENTER DR HUALAPAI WAY HUALAPAI WAY HILLS CENTER DR VILLAGE CENTER CIR TOWN CENTER DR HUALAPAI WAY HUALAPAI WAY GRAND CANYON DR GRAND CANYON DR ELKHORN DR. DEER SPRINGS WAY CENTENNIAL PKWY RAMPART BLVD FORT APACHE RD CRYSTAL WATER DURANGO DR DURANGO DR DURANGO DR ALEXANDER RD GOWAN RD DEL WEBB FORT APACHE RD FORT APACHE RD MARINER CIMARRON RD BUFFALO DR TROPICANA AVE EL CAPITAN WAY BUFFALO DR BUFFALO DR WESTCLIFF BUFFALO DR BUFFALO DR RUSSELL RD 9 SUMMERLIN PKWY ANTELOPE SAHARA AVE EDNA Mountain s Edge TENAYA WAY TENAYA WAY TENAYA WAY TENAYA WAY MONTESSOURI ST RAINBOW BLVD LORENZI BLUE DIAMOND RD TENAYA WAY TENAYA WAY MOUNTAIN S EDGE PKWY RAINBOW BLVD RAINBOW BLVD CRAIG RD RAINBOW BLVD TROPICAL PARKWAY ANN RD TORREY PINES DR OAKEY BLVD FLAMINGO RD TORREY PINES DR JONES BLVD OQUENDO RD SUNSET RD MAULE AVE SMOKE RANCH RD JONES BLVD ROBINDALE RD WINDMILL LN WIGWAM AVE JONES BLVD JONES BLVD RANCHO DR LAKE MEAD BLVD VEGAS DR ALTA DECATUR BLVD TWAIN AVE CHEYENNE AVE North Las Vegas Airport CHARLESTON BLVD PENNWOOD AVE DESERT INN RD RENO AVE DECATUR BLVD SPRING MOUNTAIN RD Southern Highlands SIMMONS ST SIMMONS ST LONE MOUNTAIN RD GOWAN RD WASHINGTON AVE HACIENDA AVE DECATUR BLVD ALIANTE PKWY WASHBURN ARVILLE ST VALLEY VIEW BLVD HARMON AVE DEWEY VALLEY VIEW BLVD INDUSTRIAL RD INDUSTRIAL RD SOUTHERN HIGHLANDS PKWY 9 CRAIG RD CAREY AVE RANCHO DR THE STRIP LAS VEGAS BLVD RUSSELL RD LAS VEGAS BLVD CLAYTON ST CAMINO EL DORADO BONANZA INDUSTRIAL RD MARTIN L. KING BLVD TWAIN AVE McCarran International Airport HAVEN KOVAL LN HARMON AVE TROPICANA AVE RENO AVE RICHMAR CAMINO ALNORTE WINDMILL LN SERENE AVE PARADISE RD WARM SPRINGS RD ROBINDALE RD WIGWAM AVE PEBBLE RD COMMERCE ST TH ST TH ST OAKEY BLVD ST. LOUIS AVE SAHARA AVE SILVERADO RANCH BLVD CENTENNIAL PKWY SWENSON ST MARYLAND PKWY ST.ROSE PKWY. ARCATA WY MARYLAND PKWY LOSEE RD AEROJET WAY TONOPAH DOWNTOWN UNLV SUNSET RD SPENCER ST LOSEE RD EASTERN AVE EASTERN AVE CAMPUS DR DESERT INN RD RUSSELL RD SPENCER ST CIVIC CENTER DR SEVEN HILLS EASTERN AVE EASTERN AVE McLEOD DR VIKING RD Hills McLEOD DR BONANZA MOJAVE MOJAVE RD PATRICK LN PALM ST PECOS PECOS GOWAN RD PECOS RD SANDHILL RD MITCHELL WALNUT LAS VEGAS BLVD CAREY LAKE MEAD OWENS AVE WASHINGTON AVE HARRIS AVE LAMB BLVD LAMB BLVD RANGE RD LONE MOUNTAIN RD EAKER STEWART AVE CHARLESTON BLVD LAMB BLVD FLAMINGO RD HARMON AVE HACIENDA AVE ANNIE OAKLEY DR CRAIG RD CHEYENNE DOLLY SAHARA AVE HENDERSON WIGWAM AVE SUNRIDGE HEIGHTS 93 9 GREEN VALLEY PKWY 93 MOUNTAIN VISTA ST NELLIS JUDSON BOULDER HIGHWAY 9 TROPICANA AVE VALLE VERDE DR GALLERIA DR PASEO VERDE PKWY HORIZON RIDGE PKWY NORTH LAS VEGAS ALTO CHRISTY MABEL RD PATRICK LN ARROYO GRANDE BLVD WHITNEY RANCH LINN LANE BONNIE LN SLOAN LN JIMMY DURANTE BLVD MISSOURI AVE SUNSET RD STEPHANIE ST MARKS ST MONROE TREELINE DR AMERICAN PACIFIC DR GIBSON RD HOLLYWOOD BLVD RADWICK TEMPLE VIEW BENEDICT WILDCAT WY RUSSELL RD SPEEDWAY SUBJECT Nellis Air Force Base LOS FELIZ LOS FELIZ BROADBENT BLVD GIBSON RD MERZE AVE EVELYN AVE FOSTER AVE LAKE MEAD ALBANY WY PABCO RD HORIZON RIDGE PKWY WARM SPRINGS RD WATER ST VAN WAGENEN ST PACIFIC AVE MISSION DR BASIC RD HORIZON DR GREENWAY RD CENTER ST MAJOR AVE COLLEGE DR PARADISE HILLS PALO VERDE DR LAKE MEAD PARKWAY LAKE MEAD PARKWAY RACETRACK RD PUEBLO Henderson Airport Seven ANTHEM PKWY COLORADO ARIZONA Anthem 93 NEVADA HWY WYOMING UTAH BUCHANAN ADAMS BOULDER CITY

7 PROPERTY SUMMARY SURROUNDING RETAILER AERIAL (CLOSE) NELLIS BLVD Print & Ship Serivces SM SAHARA AVE

8 PROPERTY SUMMARY 6 SURROUNDING RETAILER AERIAL (WIDE) 9 Neighborhood Market

9 TOURN PRAIRIE R= PROPERTY SUMMARY ASSESSOR S PARCEL MAP ST GOLFERS ST SAHARA AVE GOLFERS ST TOURNAMENT ST LINKS ST MASTERS CIR EAGLE ST CHAMPIONS AVE MASTERS AVE PT PT WALTON HEATH AVE SPYGLASS HILL DR CORAL VINE WAY PAR FOUR LN DUNES DR NELLIS BLVD WINTERWOOD BLVD ANGLIA ST NO.CHAMPIONS PT PT 9 00 PT CHAMPIONS AVE R= PACIFIC PLAZA PB PT WINTERWOOD PT UNIT PB RUNGSTED ST 009 PB SPYGLASS AT 00 STONEGATE UNIT NO PB PB PB PB 3- TH L= R= L= L=39.0 This map is for assessment use only and does NOT represent a survey. No liability is assumed for the accuracy of the data deliniated herein. Information on roads and other non-assessed parcels may be obtained from the Road Document Listing in theassessor's Office CIR PT 3 PM 9- SPYGLASS AT STONEGATE- UNIT NO 3 SPYGLASS AT STONEGATE- UNIT NO STONEGATE UNIT NO DESERT ROSE.3 WALTON HEATH AVE ALWOODLEY CIR 0.9 PB 3-6 PB 3-00 A PT MOORTOWN ST NOTES MAP LEGEND This map is compiled from official records, including surveys and deeds, but only contains the information required for assessment. See the recorded documents for more detailed legal information. USE THIS SCALE(FEET) WHEN MAP REDUCED FROM X ORIGINAL SPYGLASS AT STONEGATE UNIT NO B TAX DIST ASSESSOR'S PARCELS - CLARK CO., NV. Michele W. Shafe - Assessor SPYGLASS AT STONEGATE TS R6E 9 N NW Scale: " = 00 ' Rev: 0/0/ THE CROSSING AT BOOK SEC. MAP PARCEL BOUNDARY SUB BOUNDARY PM/LD BOUNDARY ROAD EASEMENT MATCH / LEADER LINE HISTORIC LOT LINE HISTORIC SUB BOUNDARY HISTORIC PM/LD BOUNDARY SECTION LINE CONDOMINIUM UNIT AIR SPACE PCL RIGHT OF WAY PCL SUB-SURFACE PCL PB - GL ROAD PARCEL NUMBER PARCEL NUMER ACREAGE PARCEL SUB/SEQ NUMBER PLAT RECORDING NUMBER BLOCK NUMBER LOT NUMBER GOV. LOT NUMBER

10 PROPERTY PHOTOS PROPERTY SUMMARY

11 PROPERTY PHOTOS (CONTINUED) PROPERTY SUMMARY 9

12 PROPERTY PHOTOS (CONTINUED) PROPERTY SUMMARY 0

13 PROPERTY SUMMARY, 3, & MILE RADIUS DEMOGRAPHICS FULL PROFILE Census, 03 Estimates with 0 Projections Calculated using Proportional Block Groups Lat/Lon: 36.39/-.06 Sahara & Nellis Retail Center Las Vegas, NV Mile 3 Miles Miles RF POPULATION HOUSEHOLDS AGE MARITAL STATUS & GENDER INCOME 03 Estimated Population 33, 0,3 6,6 0 Projected Population 3,069 6, 9,9 00 Census Population 3,3 93,90 3,9 000 Census Population, 6, , Projected Annual Growth 03 to 0.%.%.% Historical Annual Growth 000 to 03.%.9%.3% 03 Estimated Households, 69,636,09 0 Projected Households,6 3, 69, 00 Census Households 0,93 6,,9 000 Census Households 0,0 9,6 3,96 Projected Annual Growth 03 to 0.%.%.% Historical Annual Growth 000 to 03.0%.3% 0.9% 03 Est. Population Under 0 Years.%.%.% 03 Est. Population 0 to 9 Years.0%.%.% 03 Est. Population 0 to 9 Years.9% 3.%.% 03 Est. Population 30 to Years 0.% 0.3% 0.% 03 Est. Population to 9 Years.% 9.0%.% 03 Est. Population to Years.%.9%.0% 03 Est. Population Years or Over.%.9%.% 03 Est. Median Age Est. Male Population 9.0% 0.3%.% 03 Est. Female Population.0% 9.%.6% 03 Est. Never Married 3.% 33.% 3.9% 03 Est. Now Married 3.% 3.% 36.0% 03 Est. Separated or Divorced.%.%.% 03 Est. Widowed.%.%.% 03 Est. HH Income $00,000 or More.%.%.% 03 Est. HH Income $0,000 to $99,999.% 3.%.9% 03 Est. HH Income $,000 to $9, %.%.6% 03 Est. HH Income $,000 to $99,999 9.%.% 0.0% 03 Est. HH Income $0,000 to $,999.% 0.6% 9.% 03 Est. HH Income $3,000 to $9,999.% 9.3% 9.% 03 Est. HH Income $,000 to $3,999.% 3.%.3% 03 Est. HH Income $,000 to $,999.% 0.%.% 03 Est. HH Income Under $,000.0%.6%.0% 03 Est. Average Household Income $,3 $3,6 $0,3 03 Est. Median Household Income $3,0 $, $, 03 Est. Per Capita Income $6,6 $,3 $,666 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. 03 Est. Total Businesses 6,, 03 Est. Total Employees,66,9 69,6

14 PROPERTY SUMMARY, 3, & MILE RADIUS DEMOGRAPHICS (CONTINUED) FULL PROFILE Census, 03 Estimates with 0 Projections Calculated using Proportional Block Groups Lat/Lon: 36.39/-.06 Sahara & Nellis Retail Center Las Vegas, NV Mile 3 Miles Miles RF RACE HISPANIC EDUCATION (Adults or Older) HOUSING HOMES BUILT BY YEAR HOME VALUES 03 Est. White.% 3.%.6% 03 Est. Black.% 9.3% 9.% 03 Est. Asian or Pacific Islander 6.%.% 6.% 03 Est. American Indian or Alaska Native 0.% 0.9% 0.9% 03 Est. Other Races 9.0%.9% 30.0% 03 Est. Hispanic Population,9, 3,3 03 Est. Hispanic Population.0%.9% 0.% 0 Proj. Hispanic Population 0.0% 0.9%.9% 00 Hispanic Population 6.%.% 9.% 03 Est. Adult Population ( Years or Over) 0,3 30, 90,0 03 Est. Elementary (Grade Level 0 to ).%.% 3.3% 03 Est. Some High School (Grade Level 9 to ).3% 3.6%.% 03 Est. High School Graduate 3.% 3.3% 3.% 03 Est. Some College.% 3.%.% 03 Est. Associate Degree Only.%.3%.% 03 Est. Bachelor Degree Only.3%.9% 9.0% 03 Est. Graduate Degree.% 3.% 3.9% 03 Est. Total Housing Units,, 9,6 03 Est. Owner-Occupied 3.9% 3.% 3.3% 03 Est. Renter-Occupied.6% 3.% 6.0% 03 Est. Vacant Housing.6%.% 0.% 00 Homes Built 00 or later.%.%.% 00 Homes Built 000 to 00 9.% 0.6% 9.% 00 Homes Built 990 to %.% 0.0% 00 Homes Built 90 to 99 3.%.0%.% 00 Homes Built 9 to 99.6% 3.%.6% 00 Homes Built 9 to 969.6%.9% 9.% 00 Homes Built 90 to 99.0%.%.3% 00 Homes Built Before %.%.0% 00 Home Value $,000,000 or More 0.6% 0.% 0.% 00 Home Value $00,000 to $999,999.0%.6%.% 00 Home Value $0,000 to $99,999.9%.%.% 00 Home Value $300,000 to $399,999.9%.0%.% 00 Home Value $00,000 to $99, % 0.%.0% 00 Home Value $0,000 to $99,999 9.%.% 9.0% 00 Home Value $,000 to $9,999.3% 9.% 0.% 00 Home Value $0,000 to $99,999.6% 6.6%.0% 00 Home Value $,000 to $9,999 6.%.%.% 00 Home Value Under $,000.%.3%.6% 00 Median Home Value $3,6 $3,9 $,3 00 Median Rent $0 $9 $ This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

15 PROPERTY SUMMARY 3, 3, & MILE RADIUS DEMOGRAPHICS (CONTINUED) FULL PROFILE Census, 03 Estimates with 0 Projections Calculated using Proportional Block Groups Lat/Lon: 36.39/-.06 Sahara & Nellis Retail Center Las Vegas, NV Mile 3 Miles Miles RF LABOR FORCE OCCUPATION TRANSPORTATION TO WORK TRAVEL TIME CONSUMER EXPENDITURE 03 Est. Labor Population Age 6 Years or Over,9 6, 3,9 03 Est. Civilian Employed.6% 6.3% 6.% 03 Est. Civilian Unemployed.%.6%.% 03 Est. in Armed Forces 0.3% 0.% 0.% 03 Est. not in Labor Force 3.0% 3.9% 3.3% 03 Labor Force Males.% 9.% 0.9% 03 Labor Force Females.6% 0.% 9.% 00 Occupation: Population Age 6 Years or Over 3, 9,3,9 00 Mgmt, Business, & Financial Operations 6.%.%.6% 00 Professional, Related 0.%.%.0% 00 Service 3.9% 3.% 3.% 00 Sales, Office.9%.3%.% 00 Farming, Fishing, Forestry 0.3% 0.% 0.% 00 Construction, Extraction, Maintenance.0% 9.6% 0.% 00 Production, Transport, Material Moving 0.%.0%.% 00 White Collar Workers 6.0%.% 3.% 00 Blue Collar Workers.0%.9% 6.6% 00 Drive to Work Alone.0% 6.% 3.0% 00 Drive to Work in Carpool 0.9%.9% 3.6% 00 Travel to Work by Public Transportation.%.9% 6.% 00 Drive to Work on Motorcycle 0.% 0.% 0.% 00 Walk or Bicycle to Work.3%.9% 3.0% 00 Other Means 0.%.3%.% 00 Work at Home.6%.0%.% 00 Travel to Work in Minutes or Less 6.9%.% 9.3% 00 Travel to Work in to 9 Minutes.%.9%.% 00 Travel to Work in 30 to 9 Minutes 3.3% 3.% 9.% 00 Travel to Work in Minutes or More 6.%.%.% 00 Average Travel Time to Work Est. Total Household Expenditure $9 M $3. B $.0 B 03 Est. Apparel $3. M $3 M $3 M 03 Est. Contributions, Gifts $9. M $9 M $6 M 03 Est. Education, Reading $. M $.3 M $ M 03 Est. Entertainment $. M $6 M $390 M 03 Est. Food, Beverages, Tobacco $. M $ M $.6 B 03 Est. Furnishings, Equipment $0. M $3 M $99 M 03 Est. Health Care, Insurance $36. M $9 M $ M 03 Est. Household Operations, Shelter, Utilities $ M $9 M $. B 03 Est. Miscellaneous Expenses $.3 M $3. M $0 M 03 Est. Personal Care $. M $6. M $03 M 03 Est. Transportation $.0 M $639 M $. B This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

16 PROPERTY SUMMARY BUSINESS SUMMARY PROFILE BUSINESS SUMMARY PROFILE 03 Estimates Calculated using Proportional Block Groups Lat/Lon: 36.39/-.06 Sahara & Nellis Retail Center Las Vegas, NV Mile 3 Miles Miles RB Total Businesses / Total Employees 6/,66,/,9,/69,6 Retail Trade 30/,6,/,39 3,096/3,39 Home Improvement Stores / 39 / 63 /,63 General Merchandise Stores / 9 3 /,3 / 3,06 Food Stores / 0 9 /,9 6 /, Auto Dealers, Gas Stations / /,3 330 / 3, Apparel, Accessory Stores / 6 6 / 3 /,3 Furniture, Home Furnishings 0 / 9 66 / 09 /,00 Eating, Drinking Places 3 / /,3 / 3, Miscellaneous Retail Stores 6 / 99 6 /,0 / 6, Finance - Insurance - Real Estate 6/3 33/,6,03/3,0 Banks, Savings, Lending Institutions / 9 /,3 6 / 6,9 Insurance Carriers, Agencies 0 / 0 9 / 36 /, Real Estate, Trust, Holding Companies 3 / 3 3 / 93 /,03 Services 9/99,36/9,30 6,93/6, Hotels, Lodging / 3 /,3 6 /,3 Personal Services 3 / /,0, / 6, Professional Services / 6 /,0 / 9,6 Business Services / 3 /,6,06 / 9,0 Motion Picture, Amusement / 3 /, 66 /,6 Health Services 0 / 309 /,336, /,6 Legal Services / 3 / / 3,93 Education Services / / 3,33 / 9,3 Social Services / 99 /,6 33 /, Other Services 9 / 0 / 36 /,0 Agriculture /3 9/ 0/,300 Mining - / - - / 6/6 Construction / /,09 66/6,90 This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. Manufacturing /0 /9 6/3,9 Transportation, Communications, Utilities /6 9/,39 6/,0 Wholesale Trade 0/3 6/60 3/3, Government - / - /, 3/3,6 Nonclassifiable 3/3 / /,09