MONTELAGO VILLAGE AT LAKE LAS VEGAS EXCLUSIVE LISTING 75 STRADA DI VILLAGIO HENDERSON, NEVADA

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1 MONTELAGO VILLAGE AT LAKE LAS VEGAS EXCLUSIVE LISTING 75 STRADA DI VILLAGIO HENDERSON, NEVADA PARKING GARAGE Grand Mediterra Blvd Strada di Villaggio CASINO MONTELAGO MONTELAGO VILLAGE RETAIL SHOP SPACES HILTON HOTEL BRIDGE & HOTELS ROOMS VIERA CONDO HOTEL 320 ACRE MAN MADE LAKE Montelago Village is an exclusive lifestyle retail center located in the heart of the Lake Las Vegas Resort and Master Planned community. Montelago Village offers 56,069 square feet of retail space, which caters to tourist, locals, convention attendees and resort residents. Montelago Village is host to numerous events including concerts, food, wine, beer and other street festivals, holiday festivals, waterfront restaurants, lakeside boating docks and much, much more. Montelogo Village sets directly on the lake next to the Hilton Hotel, the Viera Condo Hotel and the Montelago Casino Some notable tenants include the Auld Dubliner, Essence & Herbs Steakhouse, Luna Rossa Ristorante, Sonrisa Grill Mexican Restaurant, Perk & Post, The Rocky Mountain Chocolate Factory, Seasons Market and much, much more. Rick Hildreth 410 South Rampart, Suite 390, Las Vegas, NV ph The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. NVClark

2 PROPERTY OVERVIEW PROPERTY INFORMATION Offering Montelago Village at Lake Las Vegas Offering Type Resort/Lifestyle Retail Center Address 75 Strada Di Villagio, Henderson, Nevada Sales Price $10,000, or $ per SF Gross Leasable Space ±56,059 square feet Acreage ±5.50 acres APN Numbers and Zoning CT (Commercial Tourist) Parking Street Level - 30 spaces Parking Garage - 1,900 community spaces Property Highlights Trophy Property with tremendous value-add and upside potential Over $2 Billion in resort infrastructure spent to date Lake Front Property Control the Heart of the Lake Las Vegas Resort Regularly Scheduled Events drive local visitors to the property as well as tourist utilizing the resort Hotels and Spas One of a kind opportunity PROPERTY CONSTRUCTION Year 2003 Structures Gross Leasable Space Replacement Cost Roof System Signage HVAC Fire, Life & Safety Parking Utilities & Service Construction 12 Total (10 Stand Alone and 2 retail condominium buildings) ±56,059 square feet $ per square foot (approximate) Spanish Style tile covered pitched roof Adequate and Consistently themed above storefronts and property monuments in pedestrian areas All retails areas have Central HVAC with forced Air Furnaces 100% Sprinkler system via overhead wet system wired to the Henderson Fire Department. The Henderson Fire Department sub-station is on property at Lake Las Vegas. Roving Security on Contract basis utilized as needed. Street Level - 30 spaces Parking Garage - 1,900 community spaces Adequate utilities are readily available to service the property for its highest and best use. Continuous Monolithic Slab poured on reinforced concrete footings. Construction components include concrete block structure with stone and stucco finishes. Retail storefronts are plate glass set in anodized aluminium or wood frames.

3 MONTELAGO VILLAGE AT LAKE LAS VEGAS TENANTS OF MONTELAGO VILLAGE AT LAKE LAS VEGAS Noteable Tenancy Essence & Herbs, The Auld Dubliner, Luna Rosa Ristorante, Perk & Post, The Rocky Mountain Chocolate Factory, Seasons Market Adjacent Tenancy Hilton Hotel, Casino Montelago, Lake Las Vegas Marina, Viera Other Tenancy Condo-Hotel Reflection Bay Golf Course, Westin Lake Las Vegas Resort & Spa DINING AT MONTELAGO VILLAGE AT LAKE LAS VEGAS CASINO MONTELAGO PARKING GARAGE VIERA CONDO HOTEL MONTELAGO VILLAGE RETAIL SHOP SPACES HILTON HOTEL 320 ACRE MAN MADE LAKE BRIDGE & HOTELS ROOMS

4 CLARK COUNTY RETAIL ACTIVITY SUMMARY STATISTICS 3Q15 2Q15 3Q16 Vacancy Rate 9.6% 9.2% 8.6% Asking Rent (PSF, NNN) $1.27 $1.31 $1.33 Net Absorption (SF) 138,267-37, ,766 New Completions (SF) 55, ,069 Source: Colliers International VACANCY RATES vs. ASKING RENTAL RATES Q Q Q Q Q Q Q Q Vacancy Rate Asking Rental Rate Source: Colliers International SHOPPING CENTER RETAIL Number of Sales Square Footage Sold 1,781,000 3,892,000 2,602,000 3,195,000 1,814,000 Sales Volume $194.0 MM $378.4 MM $588.1 MM $588.1 MM $320.3 MM Average Price/SF $ $97.21 $ $ $ Average Sale Size/SF 59,000 81,000 44,000 55,000 65,000 Cap Rate N/A N/A 8.90% 7.70% 7.00% Source: Colliers International LAS VEGAS MSA MARKET ACTIVITY The third quarter of 2016 has proven to be one of Las Vegas Retail s best in recent memory. Vacancy rates are down while net absorption, contruction, and rental rates are all up. The state of Nevada s job count is now 2,000 jobs higher than its pre-recessionary high, according to the Nevada Department of Employment, Training and Rehabilitation. Since the recession, Nevada has added 190,100 jobs (186,000 jobs were lost in the recession), across a wide variety of industries, to bring the current job count to over 1.3 million statewide ( Las Vegas Review Journal, October 17, 2016). In July, Las Vegas saw the highest amount of visitor volume so far in 2016, over 3,827,000 people and the highest room occupancy rate of the year at 93.7%. August numbers were not far behind, reporting over 3,636,000 visitors and an 89.3% occupancy rate (Las Vegas Convention and Visitors Authority, 2016).

5 LAKE LAS VEGAS Lake Las Vegas is a premier Resort and Master Planned Community located in Henderson, Nevada. This exclusive community is located approximately 20 minutes from the World Famous Las Vegas Strip and McCarran International Airport. Lake Las Vegas offers a Country Club lifestyle that caters to community residents, locals and tourist of all types. Lake Las Vegas offers, lodging, shopping, golf, water sports and much more. Lake Las Vegas is a total of 3,592 acres with a 320-acre Man-Made Lake with approximately 20 miles of shoreline. Several new home communities are selling in the resort by notable builders such as William Lyon Homes, Toll Brothers, CalAtlantic Homes and Century Communities that will bring hundreds of new rooftops to the community. For more information about Lake Las Vegas, visit GOLF Reflection Bay Golf and Beach Club is the first public resort golf course in Nevada personally designed by Jack Nicklaus. The course design makes its way through the desert while providing breathtaking views of Lake Las Vegas. SouthShore Golf Club is the first private Jack Nicklaus Signature golf course in Nevada. Rising from the shoreline of Lake Las Vegas to the desert hills, the course draws upon the area s unique topography with a design that carves out a dramatic layout with elevations ranging from 1,410 feet to 1,750 feet. LAKE LAS VEGAS MARINA The full-service Marina offers several varieties of boat rentals to fit your needs. Yacht cruises and watercraft are available such as, canoes, electric boats, kayaks, and pedal boats, SUP and Flyboard. Catch a fish or two with your family. Relax and have an intimate date on a yacht cruise. Tour the glistening waters and capture all of Lake Las Vegas. LAS VEGAS CANOE KAYAK CLUB Whether you are an experienced paddle sports enthusiast, or just curious about how much fun you can have in a canoe or kayak, you ve come to the right place for all your canoeing and kayaking needs. The Las Vegas Canoe Kayak Club is a non-profit organization focused on Olympic style sprint Kayaking & Canoeing. Please enjoy surfing our website, then come and join us on the water! GONDOLA ADVENTURES Gondola Adventures is a Neo-Venetian styled Gondola company providing romantic cruises on Lake Las Vegas. While we specialize in special romantic moments for couples, there is plenty of room for a family excursion on our gondolas. The most unique feature by far is our ability to provide a private and secluded romantic dinner on the boat. There is nothing like it in Vegas. Our favorite cruise time is just before sunset and we highly recommend adding our surprise bottle message. The look on a girls face as she pulls this special message out of the bottle always says it all.

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9 MONTELAGO VILLAGE RETAIL 56,059 SF METRO MAP Rick Hildreth La Madre Mountain Wilderness Area Red Rock Canyon Conservation Area?D 159 Summerlin bury Beltway Bruce Wood Skye Canyon Cliffs Edge Lone Mountain West Lone Mountain Peccole Ranch The Lakes Silverstone Ranch Elkhorn Springs Desert Shores Aliante Park Highlands MPC Eldorado Las Vegas North Las Vegas Paradise McCarran International Airport 15 Sunrise Valley Stonegate 95 Green Valley North Stallion Mountain Estates Apex Industrial Park Nellis AFB Lake Las Vegas!(?D 147 BLM Subject Muddy Mountains Wilderness Area Lake Mead Recreation Area Legend Projects Active Future Non-Residential K Miles ?D 160 BLM Rhodes Ranch Enterprise Mountains Edge Southern Highlands 215 Sunridge at MacDonald Ranch Seven Hills Inspirada Green Valley South Legacy Green Valley Ranch Del Webb Anthem Macdonald Highlands Crystal Ridge Henderson Sloan Canyon Conservation Area BLM 93 Boulder City Bypass Pha se 2 Future Boul d er While the Land Advisors Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission The Land Advisors Organization. All rights reserved.

10 Bruce Wood MONTELAGO VILLAGE RETAIL 56,059 SF OBLIQUE MAP Rick Hildreth Las Vegas bury Beltway Hilton Hotel Bridge & Parking Hotel Rooms Garage Casino Montelago Viera Condo Hotel Montelago Village Retail Shop Spaces 320 Acre Man Made Lake K While the Land Advisors Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission The Land Advisors Organization. All rights reserved.

11 MONTELAGO VILLAGE RETAIL 56,059 SF PROPERTY DETAIL MAP Rick Hildreth Acre Man Made Lake Bridge & Hotel Rooms Costa Di Lago Future Residential Hilton Hotel Montelago Village Retail Shop Spaces Via Bel Canto Strada Di Villaggio Via Brianza Viera Condo Hotel Parking Garage Casino Montelago Grand Mediterra Blvd K Feet While the Land Advisors Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission The Land Advisors Organization. All rights reserved.

12 MONTELAGO VILLAGE AT LAKE LAS VEGAS AERIAL BRIDGE & HOTELS ROOMS 320 ACRE MAN MADE LAKE Lake Las Vegas Pkwy Strada Di Villaggio HILTON HOTEL MONTELAGO VILLAGE RETAIL SHOP SPACES VIERA CONDO HOTEL FUTURE RESIDENTIAL CASINO MONTELAGO PARKING GARAGE Grand Mediterra Blvd

13 MONTELAGO VILLAGE AT LAKE LAS VEGAS AERIAL CENTURY COMMUNITIES NEW HOME DEVELOPMENT Grand Mediterra Blvd CASINO MONTELAGO PARKING GARAGE Lake Las Vegas Pkwy Strada Di Villaggio VIERA CONDO HOTEL MONTELAGO VILLAGE RETAIL SHOP SPACES HILTON HOTEL BRIDGE & HOTELS ROOMS FUTURE RESIDENTIAL 320 ACRE MAN MADE LAKE

14 MONTELAGO VILLAGE AT LAKE LAS VEGAS AERIAL Lake Las Vegas Pkwy HILTON HOTEL BRIDGE & HOTELS ROOMS 320 ACRE MAN MADE LAKE PARKING GARAGE MONTELAGO VILLAGE RETAIL SHOP SPACES VIERA CONDO HOTEL CASINO MONTELAGO Strada Di Villaggio