3400 s hualapai way - offering memorandum

13
FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 1 OFFERING MEMORANDUM ROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE) 3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Upload: andrea-catalano

Post on 13-Apr-2017

159 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 1

OFFERING MEMORANDUMROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Page 2: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 2

TABLE OF CONTENTSInvestment highlights 3

Lease summary 4

Photos 5

Financial analysis 6

Property information 7

Property aerials 8-9

Site plan 10

Tenant overview 11

Location overview 12

Market & area overview 13

OFFERING MEMORANDUMROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Page 3: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 3

INVESTMENT HIGHLIGHTS

PROPERTY OVERVIEW:

This newly constructed 100% net Leased investment includes a brand new premier architectural building on long term Leases to the following notable Tenants: Roberto’s Taco Shop (drive-thru), Marco’s Pizza and Bowl of Heaven. All three Tenants are on an initial Lease term of 10 years with two five year options to renew. High quality, 2015 built multi-Tenant building with NNN Leases provide for minimal management obligation. This brand new building totals 4,785 square feet and resides on 0.63 acres located within the highly desired Summerlin South area of Las Vegas. With a modern prototype design, this property offers pride of ownership and is a unique multi-Tenant asset.

TENANT INFO: • Roberto’s Taco Shop (Family owned and operated with over 65 stores)

• Marco’s Pizza (Franchise with over 500 Stores in 35 states)

• Bowl of Heaven (Franchise with 20 stores in 4 states and growing)

STABLE INCOME - EASE OF MANAGEMENT: • Brand new NNN Lease with Options

• Attractive Rental Increases

• Minimal Management Responsibilities – Ease of Management

• New multi-Tenant building built in 2015

EXCELLENT RETAIL LOCATION- STRONG DEMOGRAPHICS: • Irreplaceable Street Visibility on S. Hualapai

• Highly Desired Summerlin South Location

• Minutes from Downtown Summerlin and Red Rock Resort and Casino

• 2015 Estimated Population/ 3 Mile- 124,780

PERFECT 1031 EXCHANGE PROPERTY: • No Existing Financing in Place – Brand New Construction 2015 –

Pride of Ownership

• Brand New NNN Leases in Place with Options – Rental Increases – Effective Inflation Hedge

• Strong Retail Location – Minutes from Downtown Summerlin and Red Rock Resort and Casino

• Rare Opportunity to Own a smaller multi-Tenant Asset in Las Vegas, Nevada

ROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Page 4: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 4

LEASE SUMMARY

LEASE SUMMARY

Tenant Trade Names Roberto’s Taco Shop, Marco’s Pizza & Bowl of Heaven

Occupancy 100%

Number of Tenants 3

Building Size 4,785 SF

Land Size 0.63 Acres

Parcel Numbers 163-18-122-010

Lease Term: Roberto’s Taco Shop, Marco’s Pizza & Bowl of Heaven 10 Years

Options to Renew Two 5 Year Options

Current Base Rent $177,930.00 Per Year

Construction Year 2015

Lease Type Multi-Tenant NNN Investment

Market Summerlin/West Las Vegas

ROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Page 5: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 5

PHOTOSROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Page 6: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 6

FINANCIAL ANALYSISROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

TENANT BLDG SUITE SQUARE FEET % PROJECT DATE LEASE TERM % INCREASE ANNUAL

RENTMONTHLY

RENTANNUAL RENT PSF

MONTHLY RENT PSF

OPTIONS TO RENEW

Roberto’s Taco Suite A 1890 39.498% 120 Months 10% Every 5 Years $73,710.00 $6,142.50 $39.00 $3.25

2 Five Year Options -

10% Increases Every 5 Yrs

Marco’s Pizza Suite B 1395 29.154% 120 Months 2% Annually $50,220.00 $4,185.00 $36.00 $3.002 Five Year Options -

2% Annually

Bowl of Heaven Suite C 1500 31.348% 120 Months 3% Annually $54,000.00 $4,500.00 $36.00 $3.00

2 Five Year Options -

Increase 3% Annually

Total 4,785 100.000% $177,930.00 $14,827.50 $111.00 $9.25

Page 7: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 7

PROPERTY INFORMATION

ADDRESS:

3400 S. Hualapai Way, Las Vegas, NV 89117

MARKET/SUBMARKET

Summerlin/West Las Vegas

PRICE

$2,965,500.00

CURRENT NOI

$177,930.00

CAP RATE

6%

PARCEL

163-18-122-010

BUILDING AREA

4,785 SF

LAND AREA

0.63 Acres

VISIBILITY AND FRONTAGE

Excellent visibility along S. Hualapai Way

YEAR BUILT/RENOVATED

Built in 2015 (New Construction)

5 5

>

"

114

116117

119

121

120

611211

201

515

101

122

113

112

118

514

HUN

TIN

GTO

NC

RES

TC

T

CT

MO

URN

ING

DOVE

ST

EAGLE AVE

GO

SLIN

GST

PIONEER AVE

MAL

LAR

DN

EST

ST

DUC

KST

TURTLE HEAD CT

ICE BOX CANYON CT

FALC

ON

STG

RAY

SPARROW

BLACK DUCK CT

KING

ELD

ERST

PRAIRIE DOVE AVE

STCO

NQ

UIS

TADO

R

CARD

INAL

STRE

D

DIVING DUCK AVE

STARLING CTCAMBRIDGE BLUE AVEGALLO DR

LARK

BUNT

ING

ST

HOR

NED

LARK

CT

ROBI

NN

EST

CT

RIDGE AVE

GRE

ENFI

NC

HST

CANARY AVE

GRAY SEA

CONCORD DOWNS AVEHORIZON HILLS DR413 412

HARL

EQU

IN

ASHTON PEAK

CREEK CTPRESCOTT

FREN

CH

DAIS

YST

EVENINGPRIMROSE AVE

TRAT

TNER

ST

021

96-004

96-005

96-006

97-014

97-015

VAC

2007

1113

:530

2

GRA

NDC

ANYO

NDR

DESERT INN RD

SPRING MOUNTAIN RD

HUAL

APAI

WAY

PB 43-24PB 45-94 PB 40-2

PB 63-48

PB 60-46PB 65-61

PB 65-84

PB 66-20

PB 66-19

PB 67-36

PB 68-69PB 68-62

PB 69-59

PB 69-31

PB 69-27

PB 70-21

PB 70-20

PB 70-83PB 74-91

PB 96-19

A62 64 65 67A48 51 52

53

54 57 59 60B

3742 43 44 45 46 47 63 6649 50

A69 70 71 72 73 74 75 76 776855 56 58 61

278279280

281

239 240241242243244 245

246247248249250251252253254255256

257 258259 261 262263264265266267

39383635

277276275

274

273272

271270269

227226

306305304303302301300299298297296

295

293

292291290 289

238237236235233

232231

230229

228

147146

145144

CPT40

260

307

282283284285286287288

268

1213

16 17

1819

22 23

24

314315316

319 329331

332

356 357

359

360

361

362

363

364365366367368369370371372

320 321 322 323 324 325 326 327 328

358

313 376 379 380381 382 383 384385386 387373 374375 377 378

330

333334335336337338339342343

346 347 348 349 352 353 354 355350 351

340341

2345

6 7 8 9

121314

16 17 18 19

22232425

15

429430431432433434435

436

188189190191

192

194 195196197

202 203

204205206207

209210 211

212

213214215216217

139140141142143

148149150151152153154156157158159160

422423424425426 428427

155

7273747576777879808183

84 85 86 87 88 89 90 91 92 399 400 401 402

82 6768697071

410 411 412 413

414

415

416

419420421

392 391 390 389 388

403 404 405 406 407 408 409

418

417

123456

7 8 9 10 11 12

131415

164

166

172173174175

176177178 179

180181182183184185

29 30 162161

58 59 60 61 62 63 64 65 66

129 130131132133134135136 138137

8

9

101112

13

39339439539639739893949596979899100101

102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118

161718

19 20 21 22 23 24 25 26 27 28

313233343536373839404142

43 44 45 46 47 48 49 50 51 52 53 54 55 56

1 2 3 471

727374757677787980818284858687888990 83

4

1

PT 1

PT 1 PT 1

123456

PT 1

PT1

318

308 310309 311 312

20

21

26

14

15

F

H

H

1

2

3

4

5

6

7

8

A

8485

86

87 88

91 8990

2A

*505050

9595

50

54.54

101.

35

122.

65

135.

11

105.

86

51.3

95.2

8

50

50

135

135

136.

98

103103

142.

65

148.

1940

50

4093

.4

55.4

50.0

1

66.7450.896

.77

50 50

50.02

99.1

9

50.06 50.12 50.2 50.29 50.29

123.

19

117.

8

112.

42

107.

11

102.

63

50 50 54.74

95.5572.7

6

50

110.

82

43.82

101.

51

57.47 98.01

85.5

41.15

50

95

50 50 50

95

50

48.23 48.23 48.23

50

29.1

28.75

55.01 50.01 58.63

55 50 58.97

65

44.47

44.47

44.47

74.5786.15

76.2

3

49.3

7

48

83.22

55.6

6

100

100 55.3

760

101.

5

45

84.1

4

65 58.74 53.49

25.5

25.5

29.2

65

50 83.75

28.85

87.5

190

93.3

1

88

49.2

786

.48

88.5

287

.684

.81

35.3 50.01 43.28

23.04

41.53

119.

53

27.7

37.01

5050

50505050115103

103.02

10350 50

102.33104.1657.683 8.67

59.76

8 3.9 8670.54

136.

85

142.

47

148.

1

150

103103103104118.36

115.

25

83.92

119.48

60 65 60 60 60 60 58.8

102.

1

101.

92

101.

75

101.

57

101.

4

101.

21

101.

04

148

60

59.67 61.62 61.68

6560

6065

70.6

773

.36

62.2

148.02487562.45

48.2348.37

6149

.49 10

0

71.51

64.02

60 60 60 60 60 60 60 60 60 60 83.81

101.

52

85.5

3

70.23 73.78

40

52.03

75.9

455050

100

100

101.

9

102

24

40

100

6060

100

33.5 33.5 40 40 45 45 40 45 32.41 45 45 40 45 40

47.07 45

100

25

4545

53 404040454045404040

100

100

2040 47.12

70

100

50

100

99.38

100

100

404542.39

100

5551

.16

52

4540

4040

4040

33.5

4040

4040

4045

24.1

6

40 45 40

75.42 73.58

100

24.4

5

50.4

4

33.5

100

100

40404041.78

43.05

100

90

48

48

48

100

48

102 100

34.88

100

40 40 40 40 40 40 36.51

83.2

4

51.66

100

100

100

99.9

4

90

35.3840404040404040

100

100

49.8

9

101.

33

101.

22

101.

1

100.

99

100.

87

100.

75

100.

64

99.9

9

31.54

42.39 45 40

45 40 45 40 40 40 33.44

4040

4540

4045

4040

4540

34.0

340

33.840404040404040

73.1540.04 40

124

48

48

24

61.59606060606060606060 102.

52102.

5

44.96

59.67 62.64 49.72 52.14

61.58 61.76 59.76

57.14 65 60 65 60 6554.726060

90.1

102.

28

73.0

4

90

102.

5

92.5

64102

102

10264

102

34

101.

5

91.5

100.

47

102

83.5

83.510

0

126.

0212

5.53

126.

03

92

27.5

24.4

44.47

24.35

38.46

102.

5710

2.67

48.28 58.58 58.58

48.28 58.53 58.53

58.44

58.53

63.01

63.01

42.71 58.57 58.57 58.57

47.74 58.44 58.44

58.58 58.58

40

435.

3310

9.91

24.5940454040

136.

65

136.

54

40

136.

42

136.

29

136.

18

136.

07

297.73

273.65

460.

03

43.28

135.

96

49.45

45.984542.674549.71

40 40 40 40 40

4040

4533

.5

87.5

34.2

340

4540

40

100.

2

102

102

100

100

100

100.

16

100

83.5

100

99.63

9031.8

2

103

103

102.63

93

100

99.5

9031.8

3

104

104

94

4545

.21 124

40404040404040 40 40 40 40

34.87 45 40

29.38

100

100

40.03

44.7

1

45.4

5050.2

6

48

48 48

4848

85.1

8

88.5

6

80.7

3

126.

02

40

4040 404040404033.5

100

83.8

5

100

100.

07

100

51.62

83.510

0

5050

100

100

99.8

9093

102.68

103

103

86.566.98

33.5

4045

4040

45 40 33.68

83.4

5

101

100

100

90

38.27

56.9

7

100

100

99.4

4

90

34.144545

49.43 43.77 41 24.31

124.

0312

4.03

40.98 45 40 33.68

73.58

4045

4040

40 33.5

100

33.5 40

35

43.1

3

100

40 40 40 45 40 40 33.42

45.0440

44.7

40.5

50.7

4

51.0

2

47.18 45.95 40.98

48

48

90.0

1

49.9755555555

130.41

95.23

102.51

101.39

90.3

106.31

99.2

5

101.

2

105.

21

7070

4055605555

100

100

90.4

1

100

48.5 65 109.59 36.11

126.

0279

.960

.01

70.8

161

.01

70

53.41

100

100

55 55 55 55 60 55 40

104.

08

88.9

1

53.5

62 110.98

106.

52

104.

56

104.

4

104.

24

48

100

100

83.510

0

100

90

46.78

104.

08

103.

92

103.

76

103.

6

103.

44

55555555556060606060

656558.2357.18 48

48

60555548.548.5555555555555

83.511

6.54

63.56 65

46.37

66.3

9

51.01

62.8

9

101.

73

92.9

4

48.5

40

78.1

46.3

960

55

43.9263.4460.12

128.

09

50.2 1

47.6

96.9371.97 61.08 83.38

104.

27

53.4

3

46.37

40.5

555560555548.548.5555555555555

10010

0

83.5

40.35

59.46 62.6

62100

100

90

48.5

656560.4155

116.

54 53.5556055556055556055556055556039.95

48

40.12 45 40.5 46.5

83.5

33.54040

100

40 40

100

90

40.43 45 45.01

90

35.31

4040404040404040

46.88 45

47.18 45.95 40.98

404540

41.51 4 1.09

39.86

45.19

585840.15

59.24585837.85

585840.23

33.41 40 45 45 45 40 40 40 45 45 40 40 40 45 45 40 40 45 45

49.5

714

8.03100

4045

4029

.41

100

40

48

44.7179.07

35.89 45 45 45 45 40 40 45 45 45 40 40 45 45 45 34.19

40

R=2560

4060

R=25

50

60

350.

01

219.88

200.43

223.77

200.

07175.

58

338.5 338.5

40

40

40

338.95338.95

48

465.

7

174.

87

123.1

124.13

177.

57

99.65

134.73

47

197

100

48.83 48.51 48.51 48.51 48.51 29.2

48.5 48.548.66

48.5 48.5 33.75

53.7

7

128.

24

96

133.79

168.

2

168.

2

41

221.05

210.

913

1.73

209.

67

536.28

48

70.0

177

7277

7272

135.09 69.89

138.

91

117.64

125

125

105.3

104.

4578

.47

7777

7273

.29

125.

0191

.55

102.

4413

2.08

42.53

3968

.70

49.5

740

.81

80.85

116.3

4

52 52 54.6

65 54.37

130.69

111.18

44.3959.38

7 5.02

44.2

894

45 56.4

119.37

89.6

638

.85

56.34

119.

01

39

11

1

1

1

1

J

JJH

C

D

E

G

H

H

J

E

F

G

1

1

H

Z

H

D

A B

A

H

A

B

A

A

CA

B

A

A

A

C

D

1

REGENCY AT THE LAKES UNIT 2B

LEWIS HOMES -

PM 93-84

IVY GLEN AT SUMMERLIN - UNIT 2

LA VILLA ESTATES15 108.90

613 79 86.72

125

88.53PB96-19

135 36

AT SUMMERLIN - PHASE 2COUNTRY GARDENS

BRENTWOOD AT SUMMERLIN - PHASE 1

118.

53

138.

53

138.

55 100.

5

49.94

100.

77

CLUB HUALAPAICOMMERCIAL

CENTERPB 100-89

124.

05

100

42.1

940

4240

4040

17033.6

8

167

169168

165

100

171

99.6

7

124

163100

127

42.0

845

83.5

100

83.543.56

LEWIS HOMES -PINERIDGE CROSSING NO. 46

116.

54

90

99.6

7

100

57

114.

81

88.2

7

103.

28

103.

1

101.

69

98.3

3

98.2

7

98.2

7

LEWIS HOMES - SUMMERGLEN NO 65

83.5

34.2

4

186

116.

54

90.1

2

100 100

83.5

LEWIS HOMES - SUMMERGLEN NO. 66

SUMMERGLEN NO 64LEWIS HOMES -

PB 69-32

DRAINAGE 345

344

126.

53

LEWIS HOMES - SUMMERGLEN NO. 62

PB 65-62MASKED DUCK AVELEWIS HOMES-SUMMERGLEN NO. 61111

317

215

54.12

41 LEWIS HOMES -GRAND CANYON/PIONEER

48

LEWIS HOMES -PINERIDGE CROSSING NO. 42

ORIOLE CREST CT

100.

52

58.5

783

.78

83.7

8

50.03

83.2

4

51.3

LEWIS HOMES-PINERIDGE CROSSING NO. 4111096-002

LEWIS HOMES

PINERIDGECROSSING

NO. 43

50

85.5219

102220221222

223224

225

33.5

234

MO

UNT

AIN

BLU

EBIR

DST

4540

4033

.540

29445

LEWIS HOMES -PINERIDGE CROSSING NO. 44

PINERIDGE CROSSING NO 45LEWIS HOMES - YELLOW

35.4

6

C218

44.6

840

45.0

3 208100

124

4540

40 198199200

201

103.71193

187

115

D

100.

14

100

100

123 LEWIS HOMES-TWAIN/CONQUISTADOR NO. 1

SUMMERGLEN NO 63LEWIS HOMES -

CLEARWATER COVE 3GALLO DR

129.

11

33.75

PT1

29.99

100

34.8

7

47.9283.16

54.7

9

101.

46

101.

63

101.

79

48

CANTERA SOUTHWEST

74.3

187

.74

95.1

9

95

94.8

110

2.47

102.

47

58.58

47.74 58.53 58.53

87.2

987

.94

102.

6710

2.57

62.9

4

102.

77

102.

77

96-001

512 CANTARA WEST

99.0

7

89.7

129.7

5850

50.8

26.5

6

124

120.

69

25.5

25

25.5

122

91.3

1

CE

UNIT NO 31

VISTA DEL LAGO UNIT NO 2

96-003

97-008

97-006

96-001

97-003

96-003 97-007

012020

003

019

022

002

016

009006018016015 007028

025

030029

011

005 006

005 006 007

004

002

026

024

027

017

023

009

001

013

008

0080.52

0031.03

0091.06

0060.78

0100.63

0050.5

014022021020019018017016015014013012011

002

003 017016027028 001002003004030 005031 006032 007008001002 010003004 011005006007008009

004014015024023022021020019 014013021 012011019018 010017 009016 008015 007006

005

006

006 007028

011 029030012 031032033034035036001002003009011012007

005 004031030029028 032 007005039 004038 003037036 002035033 034 003 004 014013012011

008

020021022023024025 019 041040039038037036035034016018 017 002013014015 012016017018019 047 003048 002049011031

005009008007 010 019020021022026027011 012 003035 044034 043042021020 041040

003002 001 058 027026025024023023022021

028054 055 032033034035036

048013

008

014

003

030

049 047 046051 050

053052

056 057

038

039

040

041

042

043

044

036

035

034

033

037

060 059

005004 006 062061013

022023

024

026

025

031

030

029

028027

028

029030

032

045

014015

031

027

026025

027026

009010 008 001002003004005006007

040 001

033

014013 020 025024023022

010

015016017 014 013 010

005

006

007

008

004

003

029027

018

002

025026028029

025 013

012

016015

019

018

017

021

022

023

024

025

026

027

009

005

004

007

006

005

004

003

002

001

008

013

012

011

010

009

001 002 003 004 005 006 007

014015

016

029

030

017

028

050044 045 046 047 048 049

037038039040

018025028

033 042

024

041042 043 051

001

008 009 010 016015006002043 047046045044 001

032

031

030

029

020

019

018

017

016

015

014

005

006

007

009

010

011

012

004

001046

045

056054057055053052051

050010

008 009006 007005

008

002

003

004

005

006

001

007

008010

009

015

011

016

038 039037

031

032

019

020

021

017

022

023

024

014

013

012

018

069070071072 063064065066067068 013 006001

006

007 008

011012

013

002003004005011012 010062073074075076077078079080

001

001024025020023022021020002 019001 018026 017016024 015023

036

0371.73

NO

TES

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 obtainedfrom the Road Document Listing in the Assessor's Office.

This map is compiled from official records, including surveys and deeds,but only contains the information required for assessment. See therecorded documents for more detailed legal information.

MAP

LEG

END

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200 ' 02/09/2011

T21S R60E 18 N 2 NW 4 163-18-1

31

30

19

1

1314

121110987

6 5 4 3 2

3635343332

29 28 27 26

24

25

23222120

18 17 16 15

BOO

K

SEC.

MAP

2

3

4

5

6

7

8

1

2

3

4

51

8

7

5

6

4 8

417

PARCEL BOUNDARYSUB BOUNDARY

ROAD EASEMENTPM/LD BOUNDARY

HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBERPLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER

10010011.00

202PB 24-45

55

GL5

HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY

15

8 4

Rev:

TAX DIST

0 200 400 600 800100 SECTION LINE

CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL

176

190192

124126 125

136135 138137 139

161166 162163164165

174 177 178

191195 194 193

123128 127

173 175

140

Michele W. Shafe - Assessor

ROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Page 8: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 8

PROPERTY AERIALROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

S. TOWN CENTER

DESERT INN

W. SAHARA

I-215SUMMERLIN

THEODGE

At Hualapai

S. HUALAPAI

SITE

STARBUCKS TRUE LOGOS. GENERATED BY CHI NGUYEN (CHISAGITTA)

Page 9: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 9

PROPERTY AERIALROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

S. T

OW

N C

ENTE

R

DESERT INN

W. SAHARA

I-215

STARBUCKS TRUE LOGOS. GENERATED BY CHI NGUYEN (CHISAGITTA)

THEODGE

At Hualapai

S. H

UA

LAPA

I

SITE

Page 10: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 10

SITE PLANROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Page 11: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 11

TENANT OVERVIEW

Roberto’s was the first, and continues to be the best. San Diego’s first walk up and drive-thru taco shop has set the standard for fresh, authentic and inexpensive Mexican food. A passion for good ingredients, friendly service and a welcoming environment is what made Roberto’s a pioneer of classic Mexican food 40 years ago, and it is what keeps the famous taco shops thriving today. While always remaining loyal to traditional Mexican food, Roberto’s began as a family operated business in 1964 and continues to be family run, with over 65 Roberto’s taco shops today. Roberto’s remains the pioneer in fast, traditional Mexican food with taco shops in California, Nevada and Utah. There are over 40 locations through-out Las Vegas, N. Las Vegas and Henderson alone.

Headquartered in Toledo, OH, Marco’s Pizza (Marco’s Franchising, LLC) is the fastest-growing pizza company in the U.S. (based on the number of stores signed into development since 2007). Marco’s was founded by native Italian, Pasquale “Pat” Giammarco, and is committed to making Authentic Italian pizza with fresh ingredients. The company has grown from its roots as a beloved Ohio brand to operate more than 500 stores in 35 states, and the Bahamas. In the summer of 2014 Puerto Rico and India are slated to open the first of many Marco’s stores in those locales. Marco’s was recently voted number 3 by Consumer Reports, and is fast becoming recognized as one of the top-performing restaurant franchises in the country in addition to have the best, “Authentic” Italian pizza.

Bowl of Heaven originated in Rancho Santa Margarita, California in 2010. As of 2015 they have 20 locations in 4 markets. Bowl of Heaven serves Hawaiian-influenced açaí bowls, enhanced by “exotic superfruits.” In addition they offer fresh juices and smoothies made with fresh fruits and vegetables in several creative combinations. Bowl of Heaven’s popularity is rapidly growing along with many future locations already in the pipeline.

ROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Page 12: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 12

LOCATION OVERVIEW

POPULATION 1-MILE 3-MILE 5-MILE

Estimated Population (2015) 20,879 124,780 269,411

Projected Population (2020) 22,155 134,000 289,656

Historical Annual Growth 2010-2015 109 0.1% 3,197 0.5% 6,750 0.5%

Projected Annual Growth 2015-2020 1,276 1.2% 9,220 1.5% 20,245 1.5%

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

Estimated Households (2015) 8,568 53,224 111,610

Projected Households (2020) 8,873 55,865 117, 332

Historical Annual Change 2000-2015 2,603 2.9% 23,246 5.2% 39,558 3.7%

Projected Annual Growth 2013-2018 305 0.7% 2,641 1.0% 5,721 1.0%

INCOME 1-MILE 3-MILE 5-MILE

Avg. Household Income 2015 $86,126 $87,878 $83,174

Median Household Income 2015 $66,631 $63,882 $62,906

DAYTIME DEMOS 1-MILE 3-MILE 5-MILE

Total # of Businesses 2015 493 4,989 11,235

Total # of Employees 2015 3,783 48,299 103,212

Employee Pop per Business 7.7 to 1 9.7 to 1 9.2 to 1

Residential Pop per Business 42.4 to 1 25.0 to 1 24.0 to 1

ROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

LOCATION OVERVIEW:

This building is located at 3400 South Hualapai Way just South of Desert Inn, bordering the highly desirable Summerlin South area of Las Vegas. As a multi-Tenant pad, this location enjoys irreplaceable street visibility along South Hualapai Way. This property is surrounded by many of the most affluent residential communities in Las Vegas, some of which include, The Ridges, Red Rock Country Club and Willow Creek. The Summerlin area is also home to nine golf courses, cultural facilities, medical facilities, public and private schools, business parks and Downtown Summerlin, a 100+ acre outdoor mall with several high end restaurants and boutique shops.

Page 13: 3400 S Hualapai Way - Offering Memorandum

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 13

AREA PROFILEROBERTO’S TACO SHOP, MARCO’S PIZZA & BOWL OF HEAVEN | MULTI-TENANT NNN LEASE (FEE SIMPLE)3400 S. HUALAPAI WAY, LAS VEGAS, NV 89117

Las Vegas is the most populous city in the U.S. state of Nevada and the county seat of Clark County. Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, and fine dining and is the leading financial and cultural center for Southern Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its consolidated casino–hotels and associated entertainment. A growing retirement and family city, Las Vegas is the 31st-most populous city in the United States, with a population at the 2014 census of 583,756. The 2014 population of the Las Vegas metropolitan area was 2,027,868. Today, Las Vegas is one of the top tourist destinations in the world.

Established in 1905, Las Vegas was incorporated as a city in 1911. Las Vegas often refers to the city plus some areas beyond the city limits, especially the resort areas on and near the Las Vegas Strip, and sometimes the entire Las Vegas Valley. The 4.2 mi (6.8 km) stretch of South Las Vegas Boulevard known as the Strip is mainly in the unincorporated communities of Paradise, Winchester, and Enterprise. Las Vegas is situated within Clark County in an arid basin on the desert floor, surrounded by dry mountains. The Spring Mountains lie to the west. Within the city there are many lawns, trees, and other greenery. The city enjoys abundant sunshine year-round: it has an average of about 300 sunny days per year.

The primary drivers of the Las Vegas economy are tourism, gaming and conventions, which in turn feed the retail and restaurant Industries. In the second quarter of 2012, something new was on the horizon for Downtown Las Vegas. Tony Hsieh, CEO of Zappos, purchased the former City Hall building, thus turning that property into Zappos corporate headquarters in Downtown Las Vegas. Since then Mr. Hsieh has put in a lot of money and effort revitalizing Downtown Las Vegas which is known as the Downtown Project. This recent project has transformed Downtown, bringing new restaurants, retail, tech buildings, annual, monthly and weekly events and a large park made out of shipping containers (Container Park) which has an outdoor hangout space that offers shopping, restaurants and a small outdoor concert venue. The Downtown project has changed Downtown Las Vegas and has increased the number of local and out of town visitors to the many events, restaurants and retail shops this area has to offer.

IN 2014, MORE THAN 41 MILLION PEOPLE VISITED LAS VEGAS.