GROCERY ANCHORED RETAIL DEVELOPMENT OPPORTUNITY LAND REDEVELOPMENT OPPORTUNITY W CHEYENNE AVE LAS VEGAS, NV 89108

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1 GROCERY ANCHORED RETAIL DEVELOPMENT OPPORTUNITY LAND REDEVELOPMENT OPPORTUNITY W CHEYENNE AVE LAS VEGAS, NV OFFERING MEMORANDUM PRESENTED BY BRENT BARRETT NATIONAL RETAIL GROUP LIC: NV S RAY GERMAIN FIRST VICE PRESIDENT INVESTMENTS LIC: NV S

2 NON - ENDORSEMENT & DISCLAIMER NOTICE Non-Endorsements Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. Disclaimer THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. Â 2017 Marcus & Millichap. All rights reserved. SECTION TABLE OF CONTENTS 1 2 INVESTMENT OVERVIEW 3 MARKET OVERVIEW 01 NON - ENDORSEMENT & DISCLAIMER NOTICE 02 TABLE OF CONTENTS

3 INVESTMENT OVERVIEW GROCERY ANCHORED RETAIL PAD CHEYENNE / JONES LAS VEGAS, NV CHEYENNE/JONES RETAIL REDEVELOPMENT OPPORTUNITY Land List Price $485,000 Land Price/SF $17.96 PROPERTY DESCRIPTION Development Type Gross Leaseable Area Lot Size Land ± 7500 SF.62 Acres PROPERTY HIGHLIGHTS 0.62 Acre Pad in Grocery Anchored Shopping Center Substantial Shared Parking Available Traffic Counts of Nearly 55,000 Vehicles per Day New Anchor Tenant Within Last Twelve Months Just Over One Mile to Access Interstate INVESTMENT OVERVIEW 06 INVESTMENT OVERVIEW

4 Marcus & Millichap is pleased to present for sale a 0.62 acre pad in a La Bonita Grocery anchored shopping center. This attractive development site lies directly adjacent to the anchor space which is newly occupied by a popular Hispanic grocery chain. The addition of this tenant has completely revitalized the center. This pad provides a developer with approximately 7,500 square feet of buildable area. Tenants within this center benefit from substantial exposure to both North Jones Boulevard and Cheyenne Avenue which have a combined average daily traffic count of nearly 55,000 vehicles per day. The surrounding residential district is strong and provides a diverse customer base to draw from. There are over 175,000 people residing within three miles of the subject with an average household income of $62,000 annually. In addition to the introduction of a new anchor tenant this submarket is home to many complimentary retailers including: Dollar Tree, EZ Pawn, Dotty s, Walgreens, Dollar General, Wells Fargo, and many more

5 SURROUNDING BUSINESSES CAR COUNT - VEHICLES PER DAY N. Jone s Blvd - D P V 0 0,0 Development Opportunity - 32 e v ne A n e y e Ch Subject Property ,000 VPD

6 MARKET OVERVIEW LAS VEGAS DEMOGRAPHICS LOCAL ATTRACTIONS Billed as the Entertainment Capital of the World, Las Vegas is one of the most recognizable city brands in the world, attracting over 42 million visitors every year to its world-class resorts, restaurants, shopping malls, and numerous entertainment options. The Las Vegas metro is also one of the fastest-growing regions in the United States and boasts a current population of nearly 2.2 million people, ranking it as the 29th largest metro in the United States. With approximately 320 days of sunshine annually and an average temperature of 80 degrees, residents and visitors alike have plenty to do besides enjoy the resorts and casinos in Clark County. Water-sports enthusiasts can take advantage of various activities at Lake Mead and the Colorado River, including boating, fishing, water skiing and sailing. Red Rock Canyon Conservation Area, located off the Strip, offers outstanding hiking and mountain-climbing opportunities. ROBUST EMPLOYMENT GROWTH A diversifying employmenet base will support job growth that will outpace the national growth rate over the next 5 years. STRONG POPULATION GAINS The metro s population is expected to increase dramatically, exceeding national gains. VAST TOURISM INDUSTRY Visitor volume reached an all-time high of 42.9 million in, ranking Las Vegas amoung the top 10 of all U.S cities tourism. POPULATION 2.1M HOUSEHOLDS 772K MEDIAN AGE 36.7 HOUSEHOLD INCOME $52,100 SPORTS EDUCATION ARTS & ENTERTAINMENT 19 INVESTMENT ADVISORY TEAM 20 MARKETING PLAN

7 PRESENTED BY BRENT BARRETT NATIONAL RETAIL GROUP Office Fax LIC: NV S (702) (702) RAY GERMAIN FIRST VICE PRESIDENT INVESTMENTS Office Fax LIC: NV S (702) (702)