EXCLUSIVE INVESTMENT OPPORTUNITY
Trophy Freestanding Retail Building Supermarket & Drugstore Anchored Retail Center
4 4 41 E AST B O N A N Z A R OA D L A S V E G A S , N E VA DA
CONFIDENTIALITY
T
his is a confidential marketing profile (the “Profile”) intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing the “Property”, located in Las Vegas, NV. This Profile has been prepared by Pacific Commercial Investments, Inc. (“PCI”) on behalf of the owner of the Property (the “Owner”) and has been reviewed by representatives of the Owner. It contains select information pertaining to the Property and does not purport to be an all inclusive representation of the state of affairs of the Property, or to contain all the information, which prospective investors may require. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and PCI. The information contained herein was obtained from third parties, and it has not been independently verified by PCI. Prospective investors should have the experts of their choice inspect the Property and verify all information. PCI is not qualified to act as or select experts with respect to legal, tax, environmental, building construction, soils drainage or other such matters. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Neither the Owner nor PCI, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy of completeness of this Profile or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Profile or use of its contents.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers on the subject Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Profile. The Owner shall have no legal commitment or obligation to any entity reviewing this Profile or making an offer on the Property unless and until written agreement(s) for the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Profile, you agree that this Profile and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Profile or any of its contents to any other entity without prior written authorization of the Owner or PCI. You also agree that you will not use this Profile or any of its contents in any manner detrimental to the interest of the Owner or PCI. PCI reserves the right to submit the Property to additional clients on terms that may or may not be identical to the terms contained herein. By receipt of this Profile, you acknowledge that competing interests may develop in connection with offers on the Property, and waive any onflict of interest that might arise as a result thereof. In such case, PCI expressly disclaims any obligation to advance the interest of any client at the expense of any other client who mayreceive this Profile. Dealings with each client shall remain strictly confidential and in no case will PCI disclose the terms of any actual or potential offer to any competing client.
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PROPERTY SUMMARY
PROPERTY INFORMATION
PROPERTY HIGHLIGHTS
Address:
4441 East Bonanza Road Las Vegas, NV (View Map)
Improvements:
Approx. 6,100 Square Feet
• Supermarket & Drugstore Anchored Multi-Tenant Investment - Highly Trafficked Neighborhood Market / Drug Anchored Center - Over 53,000 Cars Per Day at Subject Intersection
Land:
Approx. 27,443 Square Feet
Occupancy:
100%
APN:
140-32-101-003
FINANCIAL INFORMATION Price:
$2,300,000
Cap Rate:
6.76%
Terms:
All Cash or Cash to New Loan
ANNUAL OPERATING INFORMATION Gross Scheduled Income: Plus Recapture:
$155,648 NNN
Gross Operating Income:
$155,648
Less Operating Expenses:
NNN
Net Operating Income:
$155,648
• 100% Occupied NNN Multi-Tenant Retail - Stabilized Asset Offering Ease of Management - Diversified Income Stream with Fixed Scheduled Annual Increases - 100% of Operating Expenses Borne by the Tenants • Exclusive Shop Space within the Entire Retail Center - Subject Property Provides the Only Shop Space within the Center - Supermarket Anchored Space is the Most Desirable & Sought After Space by Tenants • Strong Supporting Demographic - 32,000+ People in 1-Mile Radius - Total Population 1-Mile Radius: 33,659 | 3-Mile Radius: 236,269 - Total Households 1-Mile Radius: 9,434 | 3-Mile Radius: 72,223 - Total Daytime Population 1-Mile Radius: 24,586 • Ideally Configured Grocery Anchored Pad With Drive-Thru - End-Cap Suite Features Drive-Thru Lane - Excellent Visibility and Accessibility - Six Points of Ingress & Egress - Small Suite Sizes ranging from 1,310 SF to 1,740 SF - Can Accommodate Majority of Retail Uses - Offers Flexibility in Future Tenancy • Synergistic Retail Intersection - Strong National Retail Presence - Surrounding Retailers Include - CVS, Cardenas Market, Walgreens, Panda Express, Popeye’s, Domino’s Pizza, Arco / AMPM
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L O C AT I O N & T R A D E A R E A D E M O G R A P H I C S
The subject property is ideally located within a Cardenas Market and CVS anchored retail center positioned at the signalized intersection of East Bonanza Road and North Lamb Boulevard in Las Vegas, Nevada. Situated fronting Bonanza Road, the subject property is a highly visible and functional free-standing building with a drive-thru, benefiting from excellent accessibility from the six (6) points of ingress and egress to the grocery and drugstore anchored center. Boasting over 53,000 cars per day, the subject intersection of Bonanza Road and Lamb Boulevard features national credit tenants Panda Express, Walgreens, CVS, Circle K, Popeye’s, Domino’s Pizza and AMPM / Arco, evidence of the consumer demand and traffic experienced at the subject location. Other tenants located within the immediate trade area include: McDonald’s, 7-Eleven, Kmart, Carl’s Jr, Wendys, Bank of America, Wells Fargo, In N Out, Wells Fargo, Home Depot and Pep Boys. The trade area consists of numerous dense residential neighborhoods benefiting the subject property with an outstanding supporting demographic, with over 32,000 people within a one-mile radius of the subject property. Furthermore, there are various community anchors within close proximity of the subject property to provide a steady daytime population, employee base and help maintain consumer traffic within the trade area. Approximately one-mile west is Desert Pines High School, which has a total enrollment of over 3,100 students, and the Clark County Family Courts and Services Center. Nellis Airforce Base, which boasts a work force of approximately 12,000 military and civilian people, is located roughly six miles north of the subject property.
The City of Las Vegas is the most populous city in the State of Nevada and according to the 2010 census, the 31st most populous city in the United States with a population of approximately 583,756 people. In 2010, there were approximately 211,689 households and 117,538 families residing in the City with a median household income of approximately $53,000. The dense infill nature of the trade area is readily apparent with a strong collection of residential communities completely surrounding the subject property. Additionally, there are over twenty five schools (High School, Middle School & Elementary School) within a two-mile radius of the subject property. In 2011, the total population within a one-mile radius of the subject property exceeded 32,000 people in 9,434 households. Within a three-mile radius of the subject property the total population was over 236,000 people in 72,223 households.
DEMOGRAPHICS
1-Mile 3-Mile
2011 Population:
32,814
244,912
2011 Households:
9,434
72,223
2011 Daytime Population:
24,586
178,235
2011 Daytime Work Population:
4,787
46,037
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RENT ROLL
Suite
Tenant
Lease Start
Lease End
Suite Sq. Ft.
Rent PSF
100
Teriyaki Boy
5/8/13
9/8/18
1,700
$1.85
$3,145
110
Loya Insurance
8/1/11
8/1/16
1,740
$1.94
120
T-Mobile
12/19/09
12/18/14
1,350
130
Nevada Tax
12/14/09
12/13/14
TOTALS
Rental Increases
Options
3% Annual Years 3-5
1 (5-Year)
$3,372
2% Annual Years 2-5
1 (5-Year)
$2.39
$3,222
3% Annual Years 3-5
2 (5-Year)
1,310
$2.45
$3,216
3% Annual Years 3-5
1 (5-Year)
6,100
$2.12
$12,955
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Monthly Rent
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TENANT SUMMARY
TERIYAKI BOY HEALTHY GRILL Teriyaki Boy Healthy Grill is a quick service restaurant serving freshly prepared Japanese / Chinese fusion cuisine. They promote living a healthy lifestyle offering fresh grilled meats and vegetables while using no oil or MSG. Their menu consists of various Teriyaki bowls, Soba Bowls, Teriyaki Wraps, and Salads allowing you to choose from a variety of main ingredients and sides such as Tofu, Chicken, Steak, Fish, Shrimp and Vegetable. Orders can be made in store or online at their website (www.teriyakiboyhealthygrill.com). Additionally, they offer catering services with various menu items offered in select platters. They currently have three locations in Las Vegas.
LOYA INSURANCE COMPANY Fred Loya Insurance Company is a general auto insurance
provider with over 600 locations in twenty one states including Texas, California, New Mexico, Nevada, Arizona, and Illinois. Established in 1974 and headquartered in El Paso, Texas, Fred Loya Insurance Company is committed to providing fast, dependable service and competitive rates for general auto insurance. The company locates itself on street corners, within shopping centers and in some cases within grocery stores in order to make themselves convenient and accessible to clients everywhere. Ranked 19th in the Hispanic Business 500 for 2011, Fred Loya Insurance Company had 2011 total revenue of nearly $439 Million, a 1% increase from 2010. They currently employ approximately 3,000 people.
T-MOBILE T-Mobile USA, Inc. is a national provider of wireless voice,
messaging, and data services capable of reaching over 293 Million Americans where they live, work and play. The company is the fourthlargest wireless carrier in the United States market with 33 million customers. T-Mobile USA, Inc. is the U.S. wireless operation of Deutche Telkom AG, one of the largest telecommunications companies in the world with over 130 Million customers worldwide. In October 2012, T-Mobile announced that it would merge with competitor MetroPCS. The combined company will use the T-Mobile Brand to have a total of 42.5 Million subscribers and estimated revenue of $24.8 Billion dollars. This location is owned and operated by Skye Communications, LLC, a TPR dealer of T-Mobile products and services. They currently operate six locations in Clark County.
NEVADA TAX SOLUTIONS Nevada Tax Solutions is a Hispanic tax preparation company
offering consultation and tax advisory services for individuals and families. Strategically located within predominantly Hispanic communities, Nevada Tax Solutions operates five locations across Las Vegas.
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AERIAL PHOTO — INTERSECTION VIEW
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AERIAL PHOTO - TRADE AREA VIEW
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SITE PLAN
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L O C AT I O N M A P
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L O C AT I O N M A P
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PA R C E L M A P
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