1120 N. Nellis Boulevard - Freestanding Retail Building

Transcription

1 OFFERING MEMORANDUM 0 N. Nellis Boulevard - Freestanding Retail Building VACANT FREE STANDING RETAIL BUILDING Potential Drive Thru Location - MJ Location Eligible 0 N. Nellis Boulevard, Las Vegas, Nevada 8 Sun Commercial Real Estate, Inc.

2 Contacts 0 N. Nellis Boulevard - Freestanding Retail Building Cathy Jones, CPA, SIOR, CCIM CEO CathyJ@suncommercialre.com Roy Fritz Senior Vice President RoyF@suncommercialre.com Jessica Cegavske Vice President JessicaC@suncommercialre.com Jennifer Lehr Senior Associate JenniferL@suncommercialre.com Sun Commercial Real Estate, Inc. 6 Brent Thurman Way, Suite, Las Vegas, Nevada Ph Fax

3 Confidentiality & Disclosure 0 N. Nellis Boulevard - Freestanding Retail Building SUN COMMERCIAL REAL ESTATE, INC. (the Broker ) has been retained on an exclusive basis to market the property described herein (the Property ). Broker has been authorized by the Seller of the Property (the Seller ) to prepare and distribute the enclosed information (the Material ) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro-forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro-forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Cathy Jones, CPA, SIOR, CCIM CEO cathyj@suncommercialre.com

4 Table of Contents 0 N. Nellis Boulevard - Freestanding Retail Building Property Overview Section Investment Summary Property Summary SBA Lending Quotes Property Photos Surrounding Aerial Assessor Parcel Map Las Vegas Valley Location Map Location Overview Section Las Vegas Retail & Northeast Las Vegas Submarket Review Area Demographics

5 Investment Summary 0 N. Nellis Boulevard - Freestanding Retail Building THE OFFERING The Investment Services Group at Sun Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire a ±9, square foot freestanding building. The Property is situated on.0 acres and located on N. Nellis Boulevard just south of E. Washington Avenue having the civic address of 0 N. Nellis Boulevard, Las Vegas, NV 8. The property includes an indoor showroom and enough land to add a drive thru. As of 07, there are 9,38 residents within a 5-mile radius with an average household income of $50,79. INVESTMENT HIGHLIGHTS Dense Demographics of 9,38 residents within 5 miles % Hispanic Located within the sub-markets Dominate Retail Corridor with National Tenants including: Kroger (Smiths), Wal-Mart, Goodwill, Ross and Target 38,000+ Daily Traffic Counts Opportunity to add a Drive Thru Location eligible for marijuana dispensary or cultivation license with a use waiver from the adjacent residential property owners 0% Down SBA Financing Available - see page 7 for details Option to purchase existing Competition Motors business ($,0,000) with a 50% down payment and 50% Seller Carry-back* SUMMARY Asking Price: Total Building Area: $,385,000 ±9, SF ability to expand to ±,9 SF APN: Zoning: C- Total Land: ±.0 Acres Ownership: Fee Simple *Sun Commercial Real Estate is only handling the real estate transaction. A potential buyer will deal directly with the business owner on the potential purchase of the business.

6 Property Summary 0 N. Nellis Boulevard - Freestanding Retail Building Property Location: Property Description: Assessor Parcel Number: Site Size: Building Size: Parking Lot: Construction Year: Traffic Counts: The subject property is located on N. Nellis Boulevard just south of E. Washington Avenue having the civic address of 0 N. Nellis Boulevard, Las Vegas, NV 8. The property offers direct access to Nellis Boulevard with strong traffic counts of ±38,000 cars per day. The Property is located within a large retail corridor with national tenants, including Smith s, Wal-Mart, Goodwill, Ross, and Target to the south of the property. As of 07, there are approximately 9,96 residents living within a three (3) mile radius and the average household income is $53,7. The property consists of a single story free standing retail building with ± car parking lot and a indoor showroom, situated on ±.0 acres. The rear of the building provides an additional parking spaces with plans for an additional,0 SF. The property offers great visibility along N. Nellis Boulevard with easy access in and out of the property. According to Clark County Planning, the location at 0 Nellis is eligible for a marijuana dispensary and cultivation license with a use waiver from the adjacent residential property owners ±.0 Acres ± 9, SF with the ability to expand the rear of the building an additional ±,0 SF ± spaces 006 On Nellis Blvd., N. of Washington Ave.: ±38,000 CPD

7 SBA Lending Quotes 0 N. Nellis Boulevard - Freestanding Retail Building Wells Fargo Bank, N.A. -- SBA Lending Wells Fargo Bank, N.A. -- SBA Lending Roger Unger Phone Number: -7-5 Cell Number: Loan Type: SBA 7(a) Owner Occupied Commercial Real Estate Financing Date: 0//7 Property Description: 9, Square Foot Commercial Building Project Cost (estimates) Total Project Cost $ per sq ft,385,000 38,500 SBA Guarantee Fee 59,65 5,96 3rd Party Costs: appraisal, environmental, title, etc 7,0 7 Total Project Cost $,5,95 $5,9 Out of Pocket Cost as % of Total Project: 0.0% Loan Details SBA 7(a) Loan Amount $,06,750 Loan Rate (locked for 5 years) 6.00% Loan Term (in years) 5 Monthly Payment $,8 Monthly Occupancy Cost (P+I) Annual Occupancy Cost (P+I) $.55 per sq ft $8.59 per sq ft The above figures are for discussion purposes only and are subject to change. This is not an offer or commitment to lend. All credit decisions are subject to credit qualification Out of Pocket Roger Unger Phone Number: -7-5 Cell Number: Loan Type: SBA 50 Owner Occupied Commercial Real Estate Financing Date: 0//7 Property Description: 9, Square Foot Commercial Building Project Cost (estimates) Total Project Cost $ per sq ft,385,000 38,500 Debenture Loan Fee 0,57 0 Debenture Closing Fee,500,500 Bank Loan Fee,96,96 3rd Party Costs: appraisal, environmental, title, etc 7,0 7 Total Project Cost $,6,3 $5,69 Out of Pocket Cost as % of Total Project: 0.% WFSBA SBA 50 Combined Loan Details st DOT nd DOT Loans Loan Amount $,96,50 $977,9 $,73,6 Loan Rate (WF daily floating rate) 6.00%.% 5.37% Loan Term (in years) 0 0 Amortization Term (in years) 0 0 Monthly Payment $8,5 $6,37 $,7 Monthly Occupancy Cost (P+I) Annual Occupancy Cost (P+I) The above figures are for discussion purposes only and are subject to change. This is not an offer or commitment to lend. All credit decisions are subject to credit qualification Out of Pocket $.6 per sq ft $9.36 per sq ft Roger Unger Business Development Officer Office: -7-5 Cell:

8 Property Photos 0 N. Nellis Boulevard - Freestanding Retail Building

9 Property Photos 0 N. Nellis Boulevard - Freestanding Retail Building

10 Surrounding Aerial 0 N. Nellis Boulevard - Freestanding Retail Building WASHINGTON AVE CHARLESTON BLVD SUBJECT PROPERTY BONANZA RD NELLIS BLVD NELLIS BLVD STEWART AVE

11 LEESBURG ST RED IRON WAY 9.3 NAYLOR CT CAREFREE PEAK CT PIKES PEAK CT TIMBER RIDGE CT RED IRON WAY LEESBURG ST NAYLOR CT CAREFREE PEAK CT PIKES PEAK CT TIMBER RIDGE CT NELLIS BLVD RINGE LN RINGE LN 0 N. Nellis Boulevard - Freestanding Retail Building This map is for assessment use only and does NOT represent a survey. This map is for assessment use only and does NOT represent a survey. ASSESSOR'S Michele PARCELS W. Shafe - CLARK - Assessor CO., NV. No liability is assumed for the accuracy of the data deliniated herein. T0S R6E 8 N 8 SW Information on roads and other non-assessed parcels may be obtained PARCEL Michele BOUNDARY W. Shafe CONDOMINIUM - Assessor UNIT ROAD PARCEL NUMBER 5 3 No liability is assumed for accuracy of the data deliniated herein. 8 SUB Information from the Road on roads Document and other Listing non-assessed in the Assessor's parcels Office. may be obtained PARCEL BOUNDARY CONDOMINIUM AIR SPACE PCL UNIT 00 NUMER ROAD PARCEL NUMBER 5 3 SUBPM/LD BOUNDARY BOUNDARY ACREAGE from the Road Document Listing in the Assessor's Office. AIR RIGHT SPACEOF PCLWAY PCL 00 PARCEL NUMER PM/LD ROAD BOUNDARY EASEMENT This map is compiled from official records, including surveys and deeds,.00 ACREAGE RIGHT MATCH / LEADER LINE SUB-SURFACE OF WAY PCL PCL 0 PARCEL SUB/SEQ NUMBER ROAD EASEMENT but only contains the information required for assessment. See the This map is compiled from official records, including surveys and deeds, MATCH HISTORIC / LEADER LOTLINE SUB-SURFACE PCL 0 PB -5 PARCEL PLATSUB/SEQ RECORDING NUMBER NUMBER but recorded only contains documents the information more detailed required legal for assessment. information. See the HISTORIC LOTSUB LINEBOUNDARY PB -5 PLATBLOCK RECORDING NUMBER NUMBER recorded USE documents THIS SCALE(FEET) for more WHENdetailed MAP REDUCED legal information FROM X7 ORIGINAL HISTORIC SUBPM/LD BOUNDARY BOUNDARY 5 LOT SNORING 0 PB SECTION LINE Scale: " = 00 ' 0/09/0 5 5 CT 0 00 BLOCK NUMBER USE THIS SCALE(FEET) WHEN MAP REDUCED FROM X7 ORIGINAL HISTORIC PM/LD BOUNDARY GL5 LOT GOV. NUMBER LOT NUMBER Rev: SECTION LINE Scale: " = 00 ' 0/09/ GL5 GOV. LOT NUMBER Rev: PT R=5 PT PT PT 5 R= PT R= R= PT R= PT PT PT 3 R= R= R= ! WASHINGTON AVE PB 53-9 PB ! WASHINGTON AVE PB 53-9 PB 5-33 R=0 > R=5 7.7 MESA VERDE SUNRISE VISTA ESTATES-PHASE SUNRISE VISTA ESTATES-PHASE R= SUNRISE VISTA ESTATES - PHASE 3 R= MESA VERDE 03 SUNRISE VISTA ESTATES-PHASE SUNRISE VISTA ESTATES-PHASE SUNRISE 038 VISTA ESTATES - PHASE PM PM BALDY LN BALDY LN MM OMM ON ISION T (PT ) LOT (PT ) () PB PM 06-() PB (MESA PM 06- VERDE) (MESA037 VERDE) BIG STONE WAY PB BIG STONE WAY SPANISH (PB 99-5) 06 3 PB STAR CT 5 7. (PT SPANISH ) (PB 99-5) STAR CT (PT ) PB R=5 R= R=5 R= PB SUNRISE MOUNTAIN HOMES PB SUNRISE MOUNTAIN HOMES BRANCH CT BRANCH CT PM PM PT PM PT PM AA PB MORNING CREST ESTATES PB 3- PB 3- PM -8 PM B B R=0 R=0 R=5 R=5 R=5 R= R=5 R= AVE PB HARRIS AVE PB - 00 VALLEY RANCHOS TRACT TRACT AMD AMD R= R= R=5 R= PT PT PT PT PT PT PT PT TAX DIST 3 PT PT TAX DIST 3 3 PT PT 3 PT PT 97 DR NOTES 0.7 R=5 R= BALDY LN BALDY LN MAP LEGEND MAP LEGEND RANDLE HEIGHTS AVE ASSESSOR'S PARCELS - CLARK CO., NV Assessor Parcel Map RANDLE HEIGHTS AVE TRANGO AVE TRANGO AVE BETTY LN BETTY LN R= R= MT EVEREST CT MT EVEREST CT BOOK BOOK MT OLYMPIAS CT T0S R6E 8 N SW MT OLYMPIAS CT VAC 075: SEC VAC 075: SEC. PIKES PEAK CT PIKES PEAK CT MAP MAP 3 TIMBER RIDGE CT TIMBER RIDGE CT CHRISTY LN CHRISTY LN AMD BO

12 Las Vegas Valley Location Map 0 N. Nellis Boulevard - Freestanding Retail Building

13 Las Vegas Retail Market Review 0 N. Nellis Boulevard - Freestanding Retail Building General Retail Market Statistics Third Quarter 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 639 5,30,95 9,9 5, % (,989) 0 0 $.39 Central West Las Vegas Ret 699 6,5,8 3,093 3,093.%,70 6,06 7,0 $9.0 East Las Vegas Ret 6,089,73 7, 7,.3% 7,8,00,000 $0.36 North Las Vegas Ret 56,8,883,,.% 6, 7,000 5,559 $5. Northeast Las Vegas Ret 67,679,0 7,83 97,3 3.6%, 0 0 $.00 Northwest Las Vegas Ret 8,785,9,379,379.5% 9, $5.7 Outlying NE Clark Cnty Ret 77 9,9 33,536 33, % 9, $3.00 Outlying NW Clark Cnty Ret 3 8, % $0.00 Outlying S Clark Cnty Ret 79, % 0 0 8,30 $0.00 Resort Corridor Ret 38 3,650,096 97,56 97,56 5.% 97,088 7,73 0 $6. Southeast Las Vegas Ret 5 5,05,6 05,3 07,7.% 9,05 53,7 3,978 $6.05 Southwest Las Vegas Ret 8,685,93 08,33 08,33.0% 55,37 37,36 6,3 $5. West Las Vegas Ret 77,,5 5,775 5,775.%, $5.59 Totals 3,96 3,3,956,9,37,89,8.3% 93,7 8,33 73,889 $7. Shopping Center Market Statistics Third Quarter 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 55 6,9,509, 9,0 3.% 03,99, 0 $. Central West Las Vegas Ret 00 9,050,00,6 965, 0.7% 99, 0 0 $.7 East Las Vegas Ret 56,56, 97,00 09,0 8.3% 9, $5.83 North Las Vegas Ret 7 5,596,055 59,5 696,33.% (99,666) 0 6,6 $9.36 Northeast Las Vegas Ret 89 3,65, 399,58 8,6.3% (,5) 0 0 $.08 Northwest Las Vegas Ret 50 3,5,99 9,09 9,659 8.% (6,) 0 8,5 $9.77 Outlying NE Clark Cnty Ret 0 59,75 56,7 56,7.3%, $3. Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret 3 6,96 5,000 5, % $0.00 Resort Corridor Ret 0,05,69,69.9% 3,537 6,6 0 $.68 Southeast Las Vegas Ret 8,5,7,9,03,7,53.3% 9,885 9,0,73 $6.98 Southwest Las Vegas Ret 0 3,7,53 8,966 8,966 9.% 9,969 9,3 0 $0.76 West Las Vegas Ret 8,799,88 6,756 63,06 9.6% (36,9) 0 0 $9. Totals,03 5,578,956 5,,6 5,883,85.% 8,7,006 78,59 $6.69 Mall Market Statistics Third Quarter 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 5,7,37 388, ,757.% (77,997) 0 0 $5.6 Central West Las Vegas Ret 9, 05,337 05, % (99,687) 0 0 $6.50 East Las Vegas Ret % $0.00 North Las Vegas Ret % $0.00 Northeast Las Vegas Ret % $0.00 Northwest Las Vegas Ret % $0.00 Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret % $0.00 Resort Corridor Ret 3,95, % 9, $0.00 Southeast Las Vegas Ret 3,0,50 50,3 50,3 3.% 8,0 0 0 $9.05 Southwest Las Vegas Ret % $0.00 West Las Vegas Ret 3,399, 50,7 50,7 7.9% (3,6) 76,3 0 $8.7 Totals 5 9,663, , ,066 8.% (6,0) 76,3 0 $8. Specialty Center Market Statistics Third Quarter 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 8, %, $0.00 Central West Las Vegas Ret 8, % $0.00 East Las Vegas Ret 0, % $0.00 North Las Vegas Ret % $0.00 Northeast Las Vegas Ret % $0.00 Northwest Las Vegas Ret % $0.00 Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret 68,03 56,63 56,63 9.% 8, $.5 Resort Corridor Ret 3,9,078 3,688 3,688.0%, $8. Southeast Las Vegas Ret 57,08 8,8 8,8 8.% (3,) 0 0 $5.36 Southwest Las Vegas Ret % $0.00 West Las Vegas Ret 7,069,9,9 6.6%, $5.0 Totals,937,68 53,7 53,7 8.6% 8, $.98 Power Center Market Statistics Third Quarter 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 6,09 9,63 9,63.8% 7, $.00 Central West Las Vegas Ret 969,88 7,36 7,36 0.8%, $0.00 East Las Vegas Ret 895,687,8,8.6%, 0 0 $. North Las Vegas Ret 5,88,599 88,0 88,0 0.3% (,773) 0 0 $6.7 Northeast Las Vegas Ret 0,55,000,000.% $0.00 Northwest Las Vegas Ret 3,,8 57, 57,.% (,66) 0 0 $6.85 Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret % $0.00 Resort Corridor Ret 959,065 33,53 33,53 3.5% 8, $0.00 Southeast Las Vegas Ret 5,7,965 83,53 83,53 3.9% 6,3 0 0 $.9 Southwest Las Vegas Ret 3,,679 85,378 87,778.8% 9, $. West Las Vegas Ret,007, 9,397 9,397.7% (,6) 0 0 $. Totals 8,68,838 6, ,67.8% (7) 0 0 $8.7 Total Retail Market Statistics Third Quarter 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret,055 5,8,67,,9,97,589.% (6,), 0 $.03 Central West Las Vegas Ret,97 7,6,30,9,388,0,87 6.9%, 6,06 7,0 $.95 East Las Vegas Ret 87 5,5,5 85,033 97,833 5.% 59,577,00,000 $6. North Las Vegas Ret 6 9,36,537 86,756 98,378 0.% (39,838) 7,000,5 $8.58 Northeast Las Vegas Ret 6 6,676,6 78, ,067 8.% 98, $.05 Northwest Las Vegas Ret 3 6,668, ,7 39, 5.9% (7,7) 0 8,5 $9. Outlying NE Clark Cnty Ret 98,389,88,008, % 50, $3. Outlying NW Clark Cnty Ret 3 8, % $0.00 Outlying S Clark Cnty Ret 9 83,593 07,63 07,63.7% 8,73 0 8,30 $.5 Resort Corridor Ret 38 9,7,9 3,950 3,950.% 58,9 9,95 0 $5.03 Southeast Las Vegas Ret,68 0,888,666,6,99,6, % 0,6 7,79 9,7 $7.85 Southwest Las Vegas Ret 66 9,7,3 55,77 55, % 59,3 8,73 6,3 $.89 West Las Vegas Ret 5 0,66,3,5 5,9 8.3% (8,788) 76,3 0 $0.5 Totals 7,3 3,883,976 8,56,93 9,0, % 55, 398,9 75,8 $7.5

14 Northeast Las Vegas Submarket Review 0 N. Nellis Boulevard - Freestanding Retail Building Deliveries, Absorption & Vacancy Historical Analysis, All Classes Delivered SF Absorption SF Vacancy % (0.050) (0.00).0%.0% 0.0% 0 q 0 q 0 3q 0 q 05 q 05 q 05 3q 05 q 06 q 06 q 06 3q 06 q 07 q 07 q 07 3q.0% 0.0% 8.0% 6.0% Vacant Space Historical Analysis, All Classes Quoted Rental Rates Historical Analysis, All Classes Direct SF Sublet SF $.0 $.00 $ Dollars/SF/Year $3. $3. $3.0 $3.00 $. $ q 06 q 06 3q 06 q 07 q 07 q 07 3q $. 06 q 06 3q 07 q 07 3q Existing Inventory Vacancy Net Delivered Inventory UC Inventory Quoted Period # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates 07 3q 6 6,676,6 550,067 8.% (5,695) $ q 6 6,676,6 5,37 7.9%, $.0 07 q 6 6,676,6 6,63 9.5%, $ q 6 6,676,6 68, 9.7% (6,056) 5, $ q 689 6,6,66 66,8 9.%, 0 0 5,500 $3. 06 q 689 6,6,66 638, 9.6% (55) 0 0 5,500 $ q 689 6,6,66 637, %, $ q 689 6,6,66 639, % 6, $ q 688 6,653,66 78,395.% 37, ,000 $. 05 q 688 6,653,66 785,978.8%, ,000 $ q 688 6,653,66 8,50.% (68,53) $.7 0 q 687 6,65,89 739,6.%,8 8,50 85 $.9 0 3q 685 6,6,699 83,95.7%, ,965 $. 0 q 685 6,6,699 5,5 3.0% (3,36) 5,395 8,50 $.89 0 q 68 6,639, 857,03.9% (57,9) 0 0 5,395 $. 03 q 68 6,639, 799,5.0% (,877) 0 0 5,395 $.

15 Area Demographics ( Mile Radius) 0 N. Nellis Boulevard - Freestanding Retail Building Summary Census Population 5,050 6,97 7,0 Households 6,998 7,77 7,75 Families 5,5 5,79 5,96 Average Household Size Owner Occupied Housing Units 3,667 3,63 3,5 Renter Occupied Housing Units 3,33 3,7 3,93 Median Age Trends: 07-0 Annual Rate Area State National Population.0%.5% 0.83% Households 0.8%.% 0.79% Families 0.8%.36% 0.7% Owner HHs 0.%.39% 0.7% Median Household Income 0.68%.5%.% 07 0 Households by Income Number Percent Number Percent <$5,000,03.%,08.5% $5,000 - $, % % $5,000 - $3, % 99.7% $,000 - $9,999, 8.8%,38 7.6% $50,000 - $7,999,8 9.8%,33 8.0% $75,000 - $99, % 83.% $00,000 - $9, % 7 9.9% $50,000 - $99, % 8.0% $00, % 77.0% Median Household Income $,77 $,87 Average Household Income $5,8 $56,7 Per Capita Income $3,999 $5,338 Census Population by Age Number Percent Number Percent Number Percent 0 -,39 9.5%,3 9.%,577 9.% 5-9,73 9.9%,38 8.9%,6 8.7% 0 -,0 9.%, 8.6%,3 8.3% 5-9, 8.5%,00 8.3%, 8.0% 0 -,853 7.%,99 8.3%,57 8.% 5-3 3,73.9%, %, % - 3,5.3% 3,3 3.0% 3,668 3.% 5-5,.6% 3,053.5% 3,03 0.9% 55-6,98 7.9%,79 8.6%,66 8.8% 65-7,085.3%,88 5.6%, 6.% % 57.% 7.6% % 0.5% % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone,9 7.5%,7.5%,73.0% Black Alone,89 9.9%,767 0.%, % American Indian Alone 5.0% 63.0% 7.0% Asian Alone,03.%,33.3%,9.5% Pacific Islander Alone % % 5 0.8% Some Other Race Alone 8,6 3.% 9,00 3.7% 0,7 36.8% Two or More Races,0.%,9.3%,.% Hispanic Origin (Any Race) 5, % 7, % 9,0 68.5% Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $K - $9K 8.8% $5K - $3K 3.8% $50K - $7K 9.8% $5K - $K 3.5% <$5K.% $75K - $99K 9.5% $00K+ 0.8% $50K - $99K.6% $00K - $9K 8.% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two+ 07 Percent Hispanic Origin: 66.3% August, Esri Page of 6

16 Area Demographics (3 Mile Radius) 0 N. Nellis Boulevard - Freestanding Retail Building Summary Census Population 03,07 9,96 3,03 Households 6,087 6,50 68,33 Families 5,5 7,656 50,337 Average Household Size Owner Occupied Housing Units 33,5 3,839 3,3 Renter Occupied Housing Units 7,8 3,68 3,00 Median Age Trends: 07-0 Annual Rate Area State National Population.3%.5% 0.83% Households.5%.% 0.79% Families.0%.36% 0.7% Owner HHs 0.88%.39% 0.7% Median Household Income 0.66%.5%.% 07 0 Households by Income Number Percent Number Percent <$5,000 8,56 3.% 9,6 3.6% $5,000 - $,999 8, % 9,8 3.% $5,000 - $3,999 9,85.7% 9,6 3.6% $,000 - $9,999,8 7.7%, 6.6% $50,000 - $7,999,83 8.3%,6 6.5% $75,000 - $99,999 6, % 8,9.% $00,000 - $9,999 5,57 8.0% 6,5 9.6% $50,000 - $99,999,87.3%,95.8% $00, %,06.6% Median Household Income $,8 $,8 Average Household Income $53,7 $59,55 Per Capita Income $6,7 $7,693 Census Population by Age Number Percent Number Percent Number Percent 0-8,3 9.% 8, % 0,30 8.7% 5-9 7, % 7,98 8.% 8,6 8.% 0-7,37 8.6% 7,33 7.9% 8,8 7.8% 5-9 7, % 6,70 7.6% 7,7 7.3% 0-5, 7.5% 7,9 8.0% 7,08 7.3% 5-3 9,8.% 3,9 5.7% 37,75 6.% - 8,79.% 8,0.8% 3, 3.3% 5-5 5,85.% 5,757.7% 5,76 0.9% , 8.7%,6 9.6%,9 9.7% ,96.9%,0 6.% 6, 6.9% 75-8,7.3% 5,67.6% 7, 3.% 85+,75 0.6%, %,76 0.8% Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 98,7 8.6% 98,968 5.% 99,7.% Black Alone 0,95 0.0% 3,5 0.7% 5,8.0% American Indian Alone, %, %, % Asian Alone 0,66 5.0%, % 3, % Pacific Islander Alone,07 0.5%, 0.5%, 0.5% Some Other Race Alone 6,067.%, 3.%,79 3.3% Two or More Races 0,0 5.0%,57 5.3%,679 5.% Hispanic Origin (Any Race) 6, % 3,838.6% 7, % Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent 07 Household Income $K - $9K 7.7% $5K - $3K.7% $50K - $7K 8.3% $5K - $K 3.7% $75K - $99K 0.8% <$5K 3.% $00K+.3% $50K - $99K.3% $00K - $9K 8.0% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and 0. Area State USA Population by Race White Black Am. Ind. Asian Pacific Other Two+ Percent 07 Percent Hispanic Origin:.6% August, Esri Page of 6

17 Area Demographics (5 Mile Radius) 0 N. Nellis Boulevard - Freestanding Retail Building Summary Census Population 396, 9,38 58,6 Households,5 33,09,59 Families 85,5, 95,5 Average Household Size Owner Occupied Housing Units,79 59,666 6,69 Renter Occupied Housing Units 6,76 73,363 78,89 Median Age Trends: 07-0 Annual Rate Area State National Population.33%.5% 0.83% Households.%.% 0.79% Families.6%.36% 0.7% Owner HHs 0.97%.39% 0.7% Median Household Income 0.53%.5%.% 07 0 Households by Income Number Percent Number Percent <$5,000,9 6.0% 3, 6.3% $5,000 - $,999 9,565.7% 0,7.% $5,000 - $3,999 9,99 5.0% 9,7.0% $,000 - $9,999 3, % 3,0 6.3% $50,000 - $7,999 3,5 7.%,07 5.7% $75,000 - $99,999,59 9.5% 5,0 0.9% $00,000 - $9,999 9, %, 8.3% $50,000 - $99,999,650.0% 3,85.5% $00,000+,3.3%,33.6% Median Household Income $37,759 $38,768 Average Household Income $50,79 $55,989 Per Capita Income $6,3 $7,98 Census Population by Age Number Percent Number Percent Number Percent 0-3, 8.7%,3 8.% 37,88 8.3% 5-9 3,8 8.% 33, % 3, % 0 -,96 7.8% 3,0 7.3% 33,053 7.% 5-9 3,06 8.%,53 7.% 3, % 0-9,8 7.5% 3,5 8.0% 33,73 7.% ,9.5% 66,36 5.5% 7,5 5.8% - 55,68.0% 55,03.8%,07 3.% ,656.8% 5,5.0% 50,955.% ,75 9.%, % 7,38 0.3% 65-7,99 5.5%, 7.%, % ,696.7% 3, 3.% 6, % 85+,99 0.7% 3,9 0.9%,6.0% Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 9,83 8.6% 9,097 5.% 9,95.5% Black Alone 7,.9% 5,7.7%,06 3.% American Indian Alone 3, %,03 0.9%,0 0.9% Asian Alone 9,6 5.0% 3,07 5.% 6,9 5.8% Pacific Islander Alone,57 0.5%,3 0.5%, % Some Other Race Alone,68 8.% 8,93.0% 5, % Two or More Races 9,.8%,68 5.%,7 5.3% Hispanic Origin (Any Race) 3, % 3,0 56.6% 68, % Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $5K - $3K 5.0% $K - $9K 7.3% $50K - $7K 7.% $5K - $K.7% <$5K 6.0% $75K - $99K 9.5% $00K+.3% $50K - $99K.0% $00K - $9K 6.8% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and 0. Area State USA Population by Race White Black Am. Ind. Asian Pacific Other Two+ Percent 07 Percent Hispanic Origin: 56.6% August, Esri Page 6 of 6

18 Exclusively listed by Sun Commercial Real Estate, Inc.: Sun Commercial Real Estate, Inc. Cathy Jones, CPA, SIOR, CCIM CEO Roy Fritz Senior Vice President Jessica Cegavske Vice President Jennifer Lehr Senior Associate