5035-5075 SOUTH DECATUR BOULEVARD · Nevada. The Property is located within 3 miles of the Las Vegas Strip, McCarran International Airport, Raider’s Stadium, approximately 2.5 miles

LAS VEGAS, NEVADA 89118

5035-5075SOUTH DECATUR BOULEVARD

AL TWAINY, CCIM +1 702 836 [email protected] # NV-BS.24268

JENNIFER LEHR, CCIM +1 702 836 [email protected] # NV-BS. 0143951

offering memorandum±21,315 SF

RARE AUTOMOTIVE RETAIL CENTER

© 2019 Colliers International

This Confidential Offering Memorandum (the “Memorandum”) is being delivered exclusively by Colliers International (the “Agent”) to a party who may be interested in the acquisition of Northwest Corner of Boulder Highway and East Horizon Drive (the “Property”), described in this Memorandum. This is a private offering, made only by delivery of a copy of the Memorandum to the recipient (the “Recipient”). By accepting this Memorandum, the Recipient agrees to comply strictly with the terms and conditions of the Confidentiality Agreement previously executed and delivered to the Agent by the Recipient with respect to this Memorandum and all information contained herein, and to use this Memorandum only for the purpose of evaluating the offering made hereby.

Property is being offered for auction in an “as-is, where-is” condition and Seller and Broker make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. Neither the enclosed materials nor any information contained herein is to be used for any other purpose or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed, should be registered with Broker as a “Registered Potential Investor” or as “Buyer’s Agent” for an identified “Registered Potential Investor” through the execution of the Confidentiality Agreement. The use of this Offering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the confidentiality agreement furnished by Broker prior to delivery of this Offering Memorandum.

The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The materials contained herein are based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Broker or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Broker nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communications or information transmitted or made available or any action taken or decision made by the recipient with respect to Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the materials contained herein.

Seller reserves the right, at its sole and absolute discretion, to withdraw Property from being marketed for auction at any time and for any reason. Seller expressly reserves the right, at its sole and absolute discretion, to reject any and all expressions of interest or offers regarding Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, corrections of errors, change of price or other terms, with respect to sale or withdrawal from the market without notice. Broker is not authorized to make any representations or agreements on behalf of the Seller. Further, Seller reserves the right to negotiate and accept an offer prior to bid deadline.

Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigations and/or making an offer to purchase Property unless and until a binding written agreement for the purchase of Property has been fully executed, delivered, and approved by Seller and any conditions to Seller and Purchaser’s obligations there under have been satisfied or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Broker or Seller promptly upon request; and (b) the recipient shall not contact employees of Property directly or indirectly regarding any aspect of the enclosed materials of Property without the prior written approval of the or Broker; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller or Broker or as otherwise provided in the Confidentiality and/or Registration Agreement executed and delivered by the recipient(s) to Broker.

CONFIDENTIALITY AGREEMENT


5035-5075SOUTH DECATUR BOULEVARD

5035 - 5075 S. DECATUR BOULEVARD - P. 2

4 Property Overview

5 Property Details

6 Amentities Map

7 Rent Roll

8 Site Plan

9 Demographics

TABLE OF CONTENTS

offering memorandum±21,315 SF


INVESTMENT HIGHLIGHTS:

LOCATION DESCRIPTION:

PROPERTY DESCRIPTION:

• Rare Automotive Retail Center

• 91.68% Occupancy

• Within 3.0 miles of the Las Vegas Strip, McCarran International Airport and Raider’s Stadium

• Easy access to I-15 and 215 Beltway

• 323 feet of frontage along South Decatur Boulevard

• Traffic counts of over 84,500 cars per day

• 363,719 residents within a 5-mile radius with an average household income of $64,366

The Property is located on South Decatur Boulevard just south of West Tropicana

Avenue, having the civic address of 5035-5075 South Decatur Boulevard, Las Vegas,

Nevada. The Property is located within 3 miles of the Las Vegas Strip, McCarran

International Airport, Raider’s Stadium, approximately 2.5 miles to the west of the on/off

ramps of I-15 at Tropicana Avenue and approximately 2.5 miles to the north of the on/

off ramps of the 215 Beltway. As of 2018, there were 363,719 residents within a 5-mile

radius with an average household income of $64,366.

This Automotive and Retail Center consists of three (3) single-story multi-tenant

buildings built between 2000-2003 and totals ±21,315 square feet. The Property has

excellent street exposure on South Decatur Boulevard offering 323 feet of frontage

and traffic counts of over 80,000 cars per day.

Colliers International is pleased to offer a rare opportunity to purchase a ±21,315 SF retail automotive plaza. The property offers exposure on South Decatur with easy access to the 215 & I 15. The property is located at 5035 - 5075 South Decatur Boulevard, Las Vegas Nevada within the Central West Las Vegas submarket.

EXECUTIVE SUMMARY


PROPERTY DETAILS

Address 5035-5075 South Decatur Boulevard

City, State, Zip Code Las Vegas, Nevada 89118

APN(s) 163-25-502-028,163-25-502-030, 163-25-502-031

Building SF ±21,315

Acres ±2.41 Acres

Suite SF ±1,775 SF – ±7,430 SF

# of Stories 1

Year Built 2000-2003

Parking 4.42: 1,000 (110 stalls)

Zoning C-2 (Clark County)

Property Type Retail Automotive

Tenancy Multi

Asking Price $5,400,000

NOI $298,425

Occupancy Rate 91.68%

PROPERTY DESCRIPTION

SOUTH DECATUR BOULEVARD


WEST TROPICANA AVENUE

AMENITIES MAP

O'Aces Bar Grill

International Market

SOUT

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CATU

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ARD


Tenant Name

Suite #

LeaseStart

Lease Ends

Total SF

Vacant SF

Rented SF

Base $/SF

Mo. Base Rent

Base RentIncreases

Date of Rent Increases

Mo. CAM

Mo. Total Rent

Annual Base Rent

Annual CAM

Annual Total

5035 South Decatur Boulevard

Olympic Auto 100 04/19/2011 04/30/2020 7,430 - 7,430 $0.99 $7,409 - - $2,823 $10,232 $88,908 $33,881 $122,789

Max Auto Care 101 03/10/2009 03/31/2021 2,860 - 2,860 $1.45 $4,135 $4,258 04/01/2020 $1,086 $5,221 $49,620 $13,032 $62,652

AA Auto Care - 08/26/2011 08/31/2024 3,500 - 3,500 $1.35 $4,725 $4,867 09/01/2020 $1,330 $5,555 $50,820 $15,960 $66,780


VACANT 100 - - 1,775 1,775 - $1.99 $0 - - $0 $0 $0 $0 $0

Good Life Auto Tint, LLC 101 02/14/2018 01/31/2023 1,950 - 1,950 $ 1.39 $2,711 $2,793 02/01/2020 $741 $3,452 $32,526 $8,892 $41,418


Elite Auto Sale 102 10/01/2017 09/30/2022 3,800 - 3,800 $ 1.60 $6,080 $6,574 10/01/2019 $1,444 $7,524 $72,960 $17,328 $90,288

TOTALS 21,315 1,775 19,540 $24,569 $7,424 $31,984 $294,834 $89,093 $383,927

RENT ROLL


5035 S. DECATUR BLVD.

5075 S. DECATUR BLVD. 5055 S. DECATUR BLVD.

SITE PLAN

TROPICANA AVENUE

SOUT

H DE

CATU

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POPULATION 1 MILE 3 MILES 5 MILES

2018 18,334 117,287 363,719

2023 Projection 19,252 124,627 393,049

HOUSEHOLDINCOMES 1 MILE 3 MILES 5 MILES

2018 Average $53,077 $60,234 $64,366

2023 Average $62,068 $69,820 $74,435

POPULATION BY RACE 2018 1 MILE 3 MILES 5 MILES

Caucasian 8,118 57,649 180,168

African American 3,573 14,013 42,742

Hispanic 4,702 43,354 120,587

Asian 3,092 16,153 56,510

DEMOGRAPHICS


APPENDIX

2COLLIERS INTERNATIONAL – LAS VEGAS MARKET OVERVIEW

Las Vegas Area Overview

Over 42.1 millionpeople visited Las Vegas in 2018.

Clark County, the most populous of Nevada’s 17 counties, is home to more than 2.3 million residents, about 75.8% of the state’s population. The estimated median household income is approximately $57,189. The city of Las Vegas sits at the heart of Clark County and is internationally renowned as the world capital of entertainment. Las Vegas’ gaming, dining, shopping and business conventions are major attractions for national and international visitors. Las Vegas has approximately 149,158 hotel rooms.

Statistic 2014 2015 2016 2017 2018

Visitor Volume 41,126,512 42,312,216 42,936,109 42,208,100 42,116,800

Gaming Revenue $9.5bn $9.6bn $9.7bn $10.8bn $10.25bn

Room Occupancy 86.8% 87.7% 89.1% 88.6% 88.2%

Average Daily Room Rates $116.73 $120.67 $125.96 $129.05 $128.85

Convention Delegates 5,169,054 5,761,366 6,310,616 7,259,100 6,501,800

Total En/Deplaned Passengers 42,878,346 45,389,074 47,435,640 48,500,194 49,716,584

Room Inventory 150,126 149,612 149,339 147,268 149,158

L A S V E G A S E C O N O M I C T R E N D S (Las Vegas Convention and Visitors Authority)

V I S I T O R V O L U M E V S . G A M I N G R E V E N U E

$8,600,000,000

$8,800,000,000

$9,000,000,000

$9,200,000,000

$9,400,000,000

$9,600,000,000

$9,800,000,000

$10,000,000,000

$10,200,000,000

$10,400,000,000

36,000,000

37,000,000

38,000,000

39,000,000

40,000,000

41,000,000

42,000,000

43,000,000

44,000,000

2011 2012 2013 2014 2015 2016 2017 2018

Visitor Volume Gaming Revenue


Las Vegas Employment OverviewAs of 2019, Las Vegas unemployment stands at 4.7% down from 5.41% in January 2018. Tourism is the largest job sector in Las Vegas, representing 24.8% of the market, but professional and business services and retail trade have a significant impact as well, representing 14.0% and 10.3% of the market, respectively.

Firm Employees

Station Casinos Inc. 13,000-13,499

Nellis Air Force Base 12,000-12,499

Boyd Gaming Corp. 9,000-9,499

Las Vegas Sands Corp. 8,500-8,999

Wynn Las Vegas LLC 8,000-8,499

MGM Resorts International 8,000-8,499

Bellagio LLC 8,000-8,499

Aria Resort & Casino 7,000-7,499

Mandalay Bay Resort & Casino 7,000-7,499

Wal-Mart Stores Inc. 6,000-6,499

Caesars Entertainment Corp. 5,500-5,999

The Valley Health System 5,000-5,499

University of Nevada-Las Vegas 5,000-5,499

Las Vegas Metropolitan Police Department 4,500-4,999

Mirage Casino-Hotel 4,500-4,999

The Venetian Casino Resort 4,000-4,499

SUPERVALU Inc. 4,000-4,499

Cosmopolitan of Las Vegas 4,000-4,499

The Palazzo Casino Resort 3,500-3,999

University Medical Center of Southern Nevada 3,000-3,499

L A S V E G A S T O P E M P L O Y E R S

Gaming, government, tourism and education are the leading areas of

employment in Las Vegas. Although in recent years, several new industries

such as data centers, high tech manufacturing and healthcare services are

helping to diversify the local economy.

300,000 new jobsExpected In The Next 20 Years With Major Gains In Technology, Healthcare & Infrastructure Sectors

$2.5 Billion+In Manufacturing/Tech Facility Investment Underway

$4 Billion+In Public Infrastructure Investment Underway

Prestigious Companies8 Fortune 1000 Companies Headquartered In Las Vegas


Las Vegas Highlights

20,000 SeatsT-Mobile Arena, a multi-use indoor arena

on the Las Vegas Strip opened in April 2016

Steady GrowthThe University continues to grow with a total student headcount of 30,457 (2018)

NHL ExpansionT-Mobile Arena hosts over 150 events per

year and is the current home of the NHL Vegas Golden Knights

Mandalay Bay Convention Center

recently underwent a 350,000 square foot expansion and is now one of the largest in

North America

The Las Vegas RaidersThe relocation of the Oakland Raiders is anticipated to create a $600+ million

economic impact add 450,000+ incremental visitors and host 45+ events annually

LVCC ExpansionLas Vegas Convention Center

is currently undergoing a $2.5 billion, 600,000 square foot expansion to absorb

excess demand

MSG SphereA revolutionary new 18,000-seat venue for concerts, sports and live entertainment that

will be completed in 2020.

$1 billion public works project

underway to modernize and expand Las Vegas vehicular infrastructure


#1 Trade Show Destination for 25 consecutive years-Trade Show News Network

Las Vegas

#3 and #9 Largest Convention Centers in the U.S. are Located in Las Vegas

Las Vegas visitation numbers hit a new peak of 42.9M visitors in 2016, a 10% increase over its pre-recession peak. There was a 17.8 increase in International visitation from 2013-2015. McCarran International Airport has benefited from the increased visitation, making it the No. 30 busiest airport in the world in 2018.

70,700 jobs and generates more than $11.1 billion in economic impact. The Las Vegas M.I.C.E . (meetings, incentives, conferences, and events) sector

Convention CentersWhile Las Vegas has historically been known as a gaming destination, the city’s diverse non-gaming allure continues to strengthen and has far surpassed gambling demand. One such demand driver is the unparalleled convention and meeting space capacity available throughout the city. In 2018, Las Vegas held over 21,000 conventions and hosted over 6.5 million convention delegates. Las Vegas also hosted 3 of the top 10 and 6 of the top fifteen largest conventions/trade shows held in the U.S.


Developments in the Las Vegas valley

$1.9 Billion estimated cost Las Vegas’ First NFL Team – On March 27th, 2017, the NFL owners approved the Raiders’ relocation to Las Vegas. The $1.9 billion stadium is expected to take three years to build and will be located near the southern end of the Las Vegas Strip (near Mandalay Bay). This new stadium will also host world-class events including college football games, big-name concerts, major UFC fights, March Madness, soccer matches and political events. The Raiders are expected to play in the 65,000-seat domed stadium by the 2020 season. The Southern Nevada Tourism Infrastructure Committee (SNTIC) estimates that Las Vegas can expect $100 million worth of media exposure a year from the Raiders which is excellent publicity across the Las Vegas community.

NFL - LAS VEGAS RAIDERSProfessional Sport

FranchisesAs a means to continue the diversification

of its economy, Nevada successfully received its first professional sports

franchise in 2016 concurrent with the completion of its T-Mobile Arena.

Furthermore, in November 2016, Las Vegas approved a hotel tax ordinance to

help fund the stadium for the NFL’s Oakland Raiders relocation.


Also restoring the 18-hole Tom Fazio-designed golf course Wynn Resorts Ltd. is moving forward with its 400,000 SF Convention Center construction. The convention center is under construction just north of Sands Avenue and east of the Wynn Las Vegas tower. They’re also restoring the 18-hole Golf Course. “We actually went back and re-engaged Tom Fazio, who was the original designer of our golf course to come in and take a look at the couple holes that were disrupted by this 400,000-square-foot convention center and see if we can design a new 18-hole golf course connected to Wynn and Encore and have that back in back in action before our convention center opens.”

$4 Billion estimated cost Broke ground May of 2015. Upon their 2021 completion date, this $4 billion Asian-themed resort will include 3,400 hotel rooms and will consist of 175,000 square feet of gaming. It’s estimated that there will be 3,500 slot machines and table games. Genting BHD, Southeast Asia’s largest casino operator, is developing this property in multiple phases. The first phase is expected to be completed in 2021. Once fully finished, there will be three towers totaling the room count to 3,400. Resorts World Las Vegas will help the Las Vegas employment market by employing 13,000 direct and indirect jobs. It will also contribute greatly to the Las Vegas economy which is projected to generate $155 million in annual tax revenue.

$2.3 Billion estimated cost The Las Vegas Convention and Visitors Authority (“LVCVA”) has a planned expansion and renovation project intended to make the Las Vegas Convention Center the best meeting and convention facility in the World. The $2.3 billion project, named the Las Vegas Global Business District, is the largest economic development initiative the LVCVA has undertaken since the Las Vegas Convention Center was originally built in the late 1950s. The expansion project is expected to lead to an additional 480,000 new attendees as current conventions grow and through attracting an estimated 20 new trade shows and conventions.

$1.2 Billion Renovation Witkoff and Marriott International have announced a partnership to open the former Fontainebleau as The Drew Las Vegas in 2022. The resort is estimated to include $1.2 billion in renovation fees in addition to the $600 million price tag for the property. The property will contain 3,780 rooms and over 500,000 SF of convention and meeting space. In addition to The Drew Hotel, the resort will also house hotels from two Marriott brands – EDITION and JW Marriott, making it the first JW Marriott to open on the Las Vegas Strip. The project will create 5,000 construction jobs and 6,000 jobs upon opening.

400,000 SF CONVENTION CENTER CONSTRUCTION

RESORTS WORLD

LAS VEGAS CONVENTION CENTER EXPANSION

THE DREW LAS VEGAS

Developments in the Las Vegas ValleyThis popular destination is the 28th largest Metropolitan Statistical Area in the United States with over 2.3 million residents. With its strong economic recovery, Las Vegas has about $15 billion in construction projects that are planned, proposed or under construction. The following pages include a summary of these projects.


Developments in the Las Vegas valley

360 feet tall and just off the McCarran International Airport flight pattern The facility, to be built on a 63-acre lot east of the Sands Expo Center, The Venetian and the Palazzo, will be connected to the convention center by a pedestrian bridge. The 400,000-square-foot facility will be built on an open-air storage lot at Sands Avenue between Koval Lane and Manhattan Street.

22,000-SEAT MSG SPHERE LAS VEGAS

Construction has begun on MSG Sphere Las Vegas with an estimated completion in early 2021


$1.6 Billion estimated cost Union Village is the first Integrated Health Village in the world and is listed as the “largest healthcare building project in the United States,” according to Health Facilities Manage-ment. This +/-$1.6 billion project is located at U.S. 95 and Galleria Drive in Henderson, Nevada. Sitting on 228-acres, this mixed-use healthcare complex is projected to create more than 17,000 direct, indirect and construction jobs. Once fully complete in 2022, it is expected to attract 15,000 to 30,000 people a day. Henderson Hospital opened fall of 2016 and is located inside the Union Village development. Costing $168 million to construct, this local acute-care hospital is part of the Valley Health System.

$3.6 Billion estimated cost The Las Vegas Medical District was initially concieved in 2002 in order to created a cohesive area for medical education and healthcare that was central to the Las Vegas Valley. It is currently undergoing a $3.6 billion expansion which is inclusive of a UNLV Medical School. This district is expected to bring in $181 million in Government revenue, as well as 24,182 jobs by 2030.

$2.7 Billion estimated cost The All Net Arena’s site is located on the north end of the Las Vegas Strip where the former Wet ‘n’ Wild site was once located (just south of the SLS Resort). Construction is underway on this $2.7 billion project and will consist of 22,000 seat arena, 240,000 SF of convention space, two hotel towers, a movie theatre and a Victory Plaza shopping/dining district.

$900 Million estimated cost Project Neon is the largest public works project in Nevada history. Costing $900 million to complete, this project will widen 3.7 miles of Interstate 15 between Sahara Avenue and the “Spaghetti Bowl” interchange in downtown Las Vegas. This is known for being the busiest stretch of highway in Nevada with 300,000 vehicles per day (one-tenth of the state population). Currently, this corridor has approximately 25,000 lane changes in an hour and it’s been predicted that traffic will double along this stretch by 2035. Project Neon is estimated to be completed in late 2019.

UNION VILLAGE LAS VEGAS MEDICAL DISTRICT & UNLV MEDICAL SCHOOLLAS VEGAS

ALL NET ARENAPROJECT NEON

Developments in the Las Vegas ValleyThis popular destination is the 28th largest Metropolitan Statistical Area in the United States with over 2.3 million residents. With its strong economic recovery, Las Vegas has about $15 billion in construction projects that are planned, proposed or under construction. The following pages include a summary of these projects.

EXCLUSIVE LISTING AGENTS


±21,315 SF

5035-5075 SOUTH DECATUR BOULEVARDoffering memorandum

AL TWAINY, CCIM +1 702 836 [email protected] # NV-BS.24268

JENNIFER LEHR, CCIM +1 702 836 [email protected] # NV-BS. 0143951

5035-5075 SOUTH DECATUR BOULEVARD · Nevada. The Property is located within 3 miles of the Las Vegas Strip, McCarran International Airport, Raider’s Stadium, approximately 2.5 miles

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