PLAY VIDEO CENTENNIAL GYM ANCHORED SHOPPING CENTER LOCATED IN THE PATH OF GROWTH VILLAGE 6412 LOSEE ROAD, NORTH LAS VEGAS, NEVADA 89032

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1 CENTENNIAL VILLAGE GYM ANCHORED SHOPPING CENTER LOCATED IN THE PATH OF GROWTH 6412 LOSEE ROAD, NORTH LAS VEGAS, NEVADA PLAY VIDEO

2 CENTENNIAL VILLAGE PRESENTED BY Candace Bare Senior Associate LAS VEGAS OFFICE Tel: (702) NV License: S

3 financial overview

4 financial overview pricing Property Name Centennial Village Property Address 6412 Losee Road North Las Vegas, NV Price $9,867,437 Cap Rate 6.75% Price/SF $285 Net Operating Income $666,284 Gross Leasable Area 34,597 SF Lot Size 3.57 Acres Year Built 2008 proposed financing Interest Only Interest & Principal New Loan Amount $6,413,834 (65%) $7,400,578 (75%) Down Payment $3,453,603 (25%) $2,466,859 (25%) Payment (Year 1) $257,130 $504,238 Interest Rate 4.0% 4.60% Amortization 30 Years (After Interest-Only Period) 25 Years Year Due 5 Years ( Interest-Only ), 5 Years Fixed (10 Years) 10 Years Cash Flow (Year 1) $409,028 (11.84%) $162,046 (6.57%) Total Return (Year 1) $409,028 (11.84%) $325,857 (13.21%) annualized operating data Scheduled Base Rental Income $718,014 Total Reimbursement Income *including pads $195,147 Other Income (Sign) $3,600 Potential Gross Revenue $916,761 General Vacancy (5%) ($35,894) Effective Gross Revenue $880,867 Less: Operating Expenses $214,583 Net Operating Income $666,284 expenses (2017 budget) CAM $132,801 Insurance $8,963 Real Estate Taxes $43,449 Management Fee $29,370 Total Expenses $214,583 Expenses/SF $4.31 annual reimbursement pad income Carl s Jr. $6,000 CVS Pharmacy $9,987 EOS Fitness $49,364 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap ACT ID Y

5 rent roll Suite Tenant GLA % of GLA Lease Commence Lease Expire Automotive Pad 6416 AA Auto Care 2,961 SF 8.6% 1/1/12 5/31/24 $ $72,312 NNN Restaurant Pad Asada Mexican Restaurant 3,121 SF 9.0% 6/9/17 8/8/19 $10.05 $31,368 NNN Miz Lola s Spirit & Gaming 3,000 SF 8.7% 8/9/12 2/28/20 $24.00 $72,000 NNN Medical Pad Encompass Care 3,059 SF 8.8% 7/1/13 9/30/23 $16.59 $50,652 NNN Advanced Manual Therapy 3,335 SF 9.6% 9/28/16 4/1/28 $18.00 $60,030 NNN Cash America Super Pawn 7,628 SF 22.0% 1/31/2018 1/31/23 $25.96 $198,000 NNN Streetfront Pad Liquor Lineup 1,782 SF 5.2% 2/10/15 6/30/22 $21.06 $37,536 NNN Papa Murphy s 1,320 SF 3.8% 12/1/11 11/30/21 $23.40 $30,888 NNN Mailing & More 1,320 SF 3.8% 8/5/16 1/31/22 $19.80 $26,136 NNN Smoke Shop & Mini Mart 1,350 SF 3.9% 9/19/12 4/30/19 $21.00 $28,356 NNN Spartan Sports Nutrition 1,350 SF 3.9% 6/11/09 2/28/20 $22.68 $30,612 NNN Amnesia Salon & Spa 4,371 SF 12.6% 3/7/14 9/30/2018 $18.33 $80,124 Gross Total 34,597 SF $718,014 Occupied Tenants: 12 Ocupied GLA: 100% Unoccupied Tenants: 0 Unoccupied GLA: 0% Miz Lola s Spirits & Gaming Miz Lola s Spirits & Gaming is a 24-hour business with six other established locations in the Las Vegas Valley. All locations include a full-service bar and 15 gaming devices. The tenant has occupied a successful business at Centennial Village for over five years. Occupancy includes a rare and expensive gaming and liquor license that are tied to the location benefitting the landlord with low turnover and long-term occupancy. American Auto Group American Auto Group has 12 locations in Las Vegas. The operator has been at Centennial Village for five years but has been in the automotive industry for over 20 years. The tenant helped build the Purrfect Auto brand in Las Vegas and is continuing to grow. Advanced Manual Therapy Advanced Manual Therapy is a new addition to Centennial Village with two other locations in Las Vegas. Despite its recent opening at Centennial Village, the business itself has been in operation for over 12 years. Cash America Cash America is a national operator with 60 established locations, 23 locations Las Vegas. The company has been in business since 2004, with a presence at Centennial Village for over 10 years. Annual Rent/SF This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap ACT ID Y Annual Rent Lease Type Papa Murphy s Pizza Papa Murphy s Pizza is a national chain with over 1,300 locations. They have received numerous awards including #1 Pizza Chain, and Top Franchisee Offering Nationwide. The tenant has successfully operated at Centennial Village since 2011, with 11 locations throughout Las Vegas. Mailings & More Mailings & More is a newer tenant to Centennial Village. They have as been in business in Las Vegas for over 10 years and currently operate at five locations. Spartan Sports Nutrition Spartan Sports Nutrition has successfully operated at Centennial Village for the past eight years and active in the industry for over 15 years. The tenants listed below are local operators that have multiple years operating at Centennial Village. The center will only continue to improve with the addition of additional development on the vacant pad and residential and commercial development in the immediate area. Smoke Shop & Mini Mart: 10 years Salon: Three years Liquor Lineup: Two years Encompass Care: Four years

6 executive summary

7 Pharmacy and Gym-Anchored Shopping Center in North Las Vegas, a City Undergoing a Rapid Industrial Boom 1 Mile 3 Miles 5 Miles 2016 Population 16,956 73, , Households 5,574 22,871 66, Average Household Income $67,776 $68,538 $63,687 Population growth of nearly 111% within five miles since overview Marcus & Millichap is pleased to present for sale the Centennial Village, a neighborhood shopping center with multiple national credit tenants, including CVS, Papa Murphy s, Carl s Jr., and EOS Fitness. The center is 100 percent leased to 12 tenants. The property is located in North Las Vegas, Nevada at the intersection of Losee Road and East Centennial Parkway with traffic counts of 28,200 cars per day. The Centennial Village is ideally positioned in an underserved metropolitan area that has experienced population growth of percent within five miles since The property also benefits greatly from its proximity to multiple shopping centers, which contains national credit tenants including Starbucks, Smith s, Jack in the Box, Bank of America, Walgreens, Pizza Hut, and much more. Centennial Village is a generational asset that will continue to thrive as North Las Vegas grows and matures as a preferred submarket to Las Vegas, Nevada. highlights Pharmacy and Gym-Anchored Shopping Center in Thriving Submarket Anchored by EOS Fitness and CVS Pharmacy Dynamic Tenant Mix Comprised of Necessity and Service Retailers Resilient in Economic Downturns and Against Ecommerce Monument Signage Additional Tenant Exposure and Enhancing Revenue Less Than Three Miles Away From the Southern Nevada Veteran Affairs Medical Center Largest Construction Contract Every Awarded by the Veteran Affairs $650 Million Estimated Construction Cost Close Proximity to Numerous Schools Nearly 9,500 Students Within Three Miles Dense Submarket Nearly 211,216 Residents With an Average Household Income of $63,687 Within Five Miles 18 Percent Projected Population Growth in Next Five Years Strong Historical Occupancy This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap ACT ID Y

8 215 Beltway - 19,700 Cars Per Day Ruby Duncan ELEMENTARY SCHOOL Enrollment: 658 Legacy HIGH SCHOOL Enrollment: 2,215 Don E. Hayden ELEMENTARY SCHOOL Enrollment: 702 Future Commercial Development Future Residential Development Losee Road Future Commercial Development CENTENNIAL VILLAGE East Centennial Parkway 28,200 CPD Intersection of Losee Road and East Centennial Parkway Future Residential Development Demographics Within 3 Miles Attracting New Development The commercial and residential development has awoken almost a decade of economic recovery. Population: 148,934 Households: 46,885 Average HH Income: $67,193 Daytime Population: 26,182 The Villages at Tule Springs (8,600 homes) is expected to have a $3.3 billion economic impact to the city, while Park Highlands West (6,400 homes) is estimated at more than two billion dollars. The project is set to take 15 to 20 years to complete. Boyd Gaming Corporation recently bought the Aliante and Cannery in North Las Vegas. The city has also attracted a number of restaurants and shops, including Cracker Barrel, which opened in July 2016 and provided 175 new jobs. Medical marijuana businesses have also set up shop in North Las Vegas due to the city ordinance passed in 2014 that eliminates thousands of dollars in annual fees and caps the revenue fee at two percent of medical marijuana businesses. In 2016, the city has made roughly $450,000 in revenue on licensing from cultivators, production, and dispensaries. In addition, there are approximately 7.2 million square feet of key large industrial currently planned or under construction with new projects being submitted daily. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap ACT ID Y

9 Confidentiality Agreement The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS. EOS FITNESS VA Southern Nevada HOSPITAL Streetfront PAD Medical PAD Future Big Box WITH PADS AND SHOPS Automotive PAD Restaurant PAD

10 CENTENNIAL VILLAGE PRESENTED BY Candace Bare Senior Associate LAS VEGAS OFFICE Tel: (702) NV License: S