Paradise Esplanade Multi-Tenant Resort Corridor Shopping Center Las Vegas, Nevada

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1 Paradise Esplanade Multi-Tenant Resort Corridor Shopping Center Las Vegas, Nevada 1333 North Buffalo Road, Suite 120 l Las Vegas, Nevada Office l Fax

2 Paradise Esplanade 4480 South Paradise Road Las Vegas, Nevada Presented by: Virtus Commercial 1333 North Buffalo Drive, Suite 120 Las Vegas, Nevada Chris Emanuel President x401 Jeff Mitchell, CLS, CCIM Director Retail/Investment x411

3 Confidentiality Agreement Dear Potential Buyer, You ( Receiving Party ) have requested certain tenant information, financial information and property information from Paradise Esplanade ETAL ( Disclosing Party ), in connection with the consideration by Receiving Party of the potential acquisition of, the Paradise Esplanade, located in Las Vegas, NV (the Potential Transaction ). Receiving Party has requested certain information from Disclosing Party in connection with the Potential Transaction. All of such information furnished by Disclosing Party, whether furnished before or after the date hereof, whether oral or written, and regardless of the manner in which it is furnished, is referred to in this Letter Agreement as Proprietary Information, which shall also include, without limitation, data, reports, lease data, tenant information, personnel, contacts, interpretations, modes, forecasts and records furnished or provided to Receiving Party by Disclosing Party concerning the Potential Transaction. As used in this Agreement, the term Proprietary Information shall not include any and all information available in the public domain. As used in this Letter Agreement, the term Representatives means, with respect to any person, such person s affiliates, associates, controlling persons, subsidiaries, partners and prospective directors, officers, attorneys, advisors, lenders and prospective lenders, agents and consultants and their respective successors and assigns. Subject to the immediately succeeding paragraph, unless otherwise agreed to in writing by Disclosing Party, Receiving Party agrees: (a) Except as required by law, to keep all Proprietary Information confidential and not to disclose or reveal any Proprietary Information to any person other than Receiving Party s Representatives who are actively and directly participating in the Potential Transaction; (b) Not to use Proprietary Information for any purpose other than in connection with its evaluation of the Potential Transaction; (c) Not to contact or communicate with the lender on the project, without prior permission from Disclosing Party. Upon the written request of Disclosing Party, Receiving Party will promptly return to Disclosing Party all copies of Proprietary Information not theretofore destroyed, which is in its possession or in the possession of any of its Representatives and will not retain any copies or other reproductions, in whole or in part, of such material. All other documents, memoranda, notes, summaries, analyses, extracts, compilations, studies or other material whatsoever prepared by it or any of its Representatives based on the Proprietary Information will be destroyed. This Letter Agreement ( Letter ) binds the parties only with respect to the matters expressly set forth herein and shall continue in full force and effect for a period of twentyfour (24) months from the date of this Letter. This Letter shall be governed by, and construed in accordance with, the laws of the State of Nevada applicable to contracts executed in, and to be performed in that state, and is for the benefit of Disclosing Party and its Representatives and their respective successors and assigns. Please confirm your agreement within the foregoing by signing and returning to the undersigned a copy of this Letter. Our signature below indicates our agreement to be bound by the terms of this Letter. Buyer: By: Print Name: Company: Phone: Date:

4 Offering Information 5

5 Executive Summary 6 The Offering Virtus Commercial has been selected as the exclusive listing agent to offer a Multi-Tenant Resort Corridor Shopping Center Investment opportunity. The Shopping Center was built in 2005, is 58,535 SF and 100% leased. There are 20 tenants leasing space at the property including two ground leases. The three largest tenants are CVS (ground lease), Powder & Sun and Ferraro s Italian Restaurant. The property is located at the corner of Harmon Avenue & Paradise Road, in the Clark County municipality of Paradise; this is the primary municipality for the famous Las Vegas Strip. The property is 1 mile east of Las Vegas Boulevard and across the street from the iconic Hard Rock Hotel & Casino. The location is positioned for strong consistent traffic, as demonstrated by 75,000 vehicles per day travelling through the intersection. Paradise Esplanade is also at the gateway to the UNLV campus (27,389 students enrolled in 2012). The largest event center in Nevada, the Thomas & Mack Center (18,776 person capacity) is located less than a half mile to the south. Thomas & Mack is home to UNLV Rebel Basketball and Paradise Cantina at the property is a popular pre-game venue for fans. MULTI-TENANT Resort Corridor Retail - The property is a 58,535 SF resort corridor retail property - Attractive construction - Ample parking - High traffic corridor STRONG KEY-TENANT LEASES - CVS location is ranked in the top 10 on the west coast for sales - Long-term CVS ground lease - Ferraro s Italian has been in business for over 30-years a Las Vegas institution EXCELLENT PROPERTY SIGNAGE - The property has monument signs, a 30 monument sign and a 35 electronic LED billboard - Excellent exposure for tenants - Creates brand identity for tenants and the property CONSISTENT TRAFFIC - The property has several food use tenants with broad appeal to tourists, taxi/limo drivers and UNLV students - CVS has consistent 24-hour traffic - High traffic counts exceeding 75,000 vehicles/day at intersection. FLEXIBLE ZONING ENTITLEMENTS - C-2 Zoning, most liberal commercial zoning in Clark County - Possibility to seek H-1 Zoning based on adjacent uses - Part of the Commercial Tourist (CT) land use plan IRREPLACEBLE LOCATION - Near Las Vegas Boulevard - Main corridor for resort corridor traffic that avoids Strip congestion - Billion-dollar Hard Rock Hotel & Casino Resort across the street - Thomas & Mack Center is less than ½ a mile away - Directly across the street from proposed UNLV Football Stadium