±7.02 On Lone Mountain Road & Decatur Blvd Development Opportunity Zoned C-1 Table of Contents CONFIDENTIALITY & DISCLAIMER Executive Summary 5 The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Professionals and should not be made available to any other person or entity without the written consent of Commercial Professionals . This Marketing Brochure has been prepared to provide summary, unverified information For Sale to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein Property Summary 11 is not a substitute for a thorough due diligence investigation. Commercial Professionals 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 ±7.02 Acres of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the Market Summary 17 financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject On The Co rner of property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Loe n Mon u tain Rod a & Commercial Professionals has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap Demographics conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy Dercatu Bldv 29 or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. © 2019 Commercial Professionals . All rights reserved.

Exclusively Listed By: Ofir Ventura Galit Rozen Commercial Agent Broker/Owner Phone: 702.792.3440 Phone: 702.792.3440 Email: [email protected] Email: [email protected] c r e s

u m m a ry 7.02 A S ± e

c e x utiv E Property Information

Purchase Price $4,300,000

N Decatur Blvd & W Lone Mountain Rd Property Address Las Vegas, NV 89031

Parcel #124-31-401-003

Zoning C-1 (Neighborhood Commercial)

Land Size +/- 7.02 Acres

Property Description

The subject property is +/-7.02 net acres of vacant land that is located at the northeast corner of West Lone Mountain Road and North Decatur Boulevard, Las Vegas, Clark County, 89031. The subject is further identified as Clark County Assessor’s Parcel Number (APN) 124-31-401-003. The site is L-Shaped and is zoned C-1, Neighborhood Commercial per the City of Las Vegas. The site has excellent visibility along its fronting roadways.

6 u m m a ry S 27,400 VPD ± e p r o rty P Site Plan Site Plan

Site has been previously approved for a gas station, tavern, and two drive through pads. Entitlements and special use permits have expired. Below is a rendering and site plan for what was previously approved.

10 Site Rendering Site Rendering

Site has been previously approved for a gas station, tavern, and two drive through pads. Entitlements and special use permits have expired. Below is a rendering and site plan for what was previously approved.

12 Parcel Map

+/- 7.02 Acres Development Site

14

v e rv i e w C-1 Zoned O (Neighborhood Commercial)

a r k e t M 5 Growth in Las Vegas 6 7

The four forces (social, economic, political, and environmental) that 4 8 influence market values have been discussed. The various governing bodies have sponsored growth with their pro- development attitudes. The administrations also promote funding and infrastructure necessary for growth.

The area is also benefiting from strong national growth. U.S. gross domestic 9 product expanded and increased economic diversification helped the comeback. However, the Southern Nevada economic recovery is still strongly tied to the tourism sector and since the national economy is doing 3 well, Las Vegas’ core sector also benefits. Leisure and hospitality will stay the 10 city’s most important jobs sector for the foreseeable future, but Brookings’ 12 best is now education, health care and business services. Contrary to Las Vegas’ history, population growth is likely to be moderate and not the driver of economic growth in the coming years. Tourism and gaming will remain the driving force behind the region’s economic growth. 2

LIST OF PROJECTS RECENTLY COMPLETED OR Points of Interest IN THE PIPELINE: 11 1 2 The Lexor • Mandalay Bay Convention Center Expansion - $70 million (Opened 2016) 3 Excalibur • T-Mobile Arena - $375 million (Opened April 2016) 13 4 New York, New York • The Park MGM Resort - $100 million (Opened April 2018) 5 City Center • The Park Theater - $100 million (Opened December 2016) • Aria Convention Center Expansion - $154 million (Opened Q1 2018) 6 • Wynn Plaza Retail Expansion - $100 million (Opened Fall 2018) 7 Flamingo • Wynn Paradise Park - $1.6 billion (Opening 2020) 1 8 Circus Circus • Genting’s Development - $4 billion (Opening 2020) 9 • Las Vegas Sands / MSG Arena Development - $400 million (Opening 2020) • LVCVA Global Business District expansion - $2.3 billion (Phase 1 opening 2020) 10 Wynn • NFL Football Stadium - $1.9 billion (Opening 2020) 11 Las Vegas Sign • The Drew (Former Fontainebleau) - $2.4 billion (Opening 2021) 12 18 13 Alligent Stadium Las Vegas Projects - Allegiant Stadium

The biggest announcement involves the Oakland Raiders move to Las Vegas. On October 17, 2016 Nevada Governor Brian Sandoval signed a bill into law that cleared the way for a Las Vegas stadium that will be home to both UNLV and the NFL’s Oakland Raiders. The signed bill provides $750 million in tax money towards a 71,000-seat stadium, with an estimated total cost of $1.7 to $1.9 billion. The last two obstacles for the Raider’s owner was to get 24 of the NFL’s 31 other owners to agree to the move and then approve their stadium lease. The first vote was held in Phoenix, Arizona on March 27, 2017 with 30 of the 31 owners approving the move. The second, for the lease, was approved at the owner’s May of 2017 meeting. A 62- acre site on Russell, west of the I-15 basically behind the Mandalay Bay Hotel was purchased in May 2017 for this stadium. Groundbreaking for the new stadium was held November 13, 2017, with Nevada Governor Brian Sandoval, Oakland Raiders owner Mark Davis and NFL Commissioner Roger Goodell turning the first earth at the ceremony. The stadium is expected to be ready for the 2020 NFL season. This project is expected to generate approximately 19,000 construction jobs for the next three years..

In addition to the stadium, the Raiders broke ground in January 2019 on the team’s headquarters and practice facility, to be located in part of the city of Henderson. At more than 320,000 square feet, the headquarters will house one-and-a-half indoor football fields, offices, training facilities, three outdoor fields, fan seating and a pool. The Raiders purchased the 55-acre plot from Henderson, with a total investment expected to be north of $75 million.

20 Las Vegas Projects - Project - Resort World

The Fontainebleau, Las Vegas’ towering monument The Malaysia-based announced a to the recession, was sold on August 29, 2017 for multi-billion dollar Asian-themed resort complex, $600 million. Billionaire Carl Icahn, who purchased Resorts World Las Vegas. Resorts World Las Vegas the property on February 18, 2010 for $150 million, will include 3,500 rooms, luxury dining and shopping announced that he sold the partially built, mothballed and a half million square feet of convention space hotel tower on the north Strip to real estate investment on the 87-acre site. A replica of the Great Wall of firms Witkoff and New Valley. In a news release, New China and more than 300,000 feet of pool and York-based Witkoff, led by founder Steven Witkoff, water features are also planned. The company held called the never-finished project “significantly a groundbreaking ceremony on May 5, 2015. On undervalued” and said the new ownership paid October 23, 2017, Genting announced its appointment a “substantial discount” to the cost of building it of W.A. Richardson Builders as the construction from scratch. In February of 2018, the new owners manager. The estimated completion time on the announced a new name and opening date. The Drew project is late 2020. The $4 billion project, which is Las Vegas is scheduled to open in late 2020. The owner, planned for 60 stories, had reached past floor 40 in partnership with hotel giant Marriott, said the by the end of 2018. More than 1,000 construction property will debut the Edition brand and feature the workers are on site and several thousand will be Strip’s first JW Marriott. there mid-2019.

22 Las Vegas Projects - Convention Center

The Las Vegas Convention and Visitors Authority plans for the Las Vegas Global Business District, an overarching vision for the Las Vegas Convention Center and the surrounding area. The preliminary cost for the project is $2.5 billion and will be completed in phases. This will be the first major expansion of the 54-year-old Las Vegas Convention Center in more than a decade. As part of that development, they acquired the 60-year-old Riviera Hotel Casino for $182.5 million on May 4, 2015. They spent another $46 million to demolish the Riviera, bringing the total cost to $228.5 million. This is to be a phased development to accommodate current customer needs and capture future tradeshow opportunities. Phase One consists of the acquisition of the 26-acre Riviera Hotel property, demolition of the existing Riviera structures and construction of outdoor exhibit space. The acquisition and demolition are complete. Phase Two will include the development of a new exhibit hall and its ancillary spaces on the existing LVCC Gold Lot and the Riviera Hotel property. Phase Three will be the renovation and alteration of the existing Convention Center. In March 2019, the LVCVA recommended selecting Elon Musk’s to build and operate a tunnel system at the convention center, Steve Hill, LVCVA’s president and CEO said. If the LVCVA’s directors approve the move, the goal is to have the system completed in time for the Consumer Electronics Show in January 2021. The project would encompass the convention center itself, with the possibility to expand across town or to the airport. The construction cost is pegged at $30 to $55 million and would be constructed in a year. The company would build an underground highway system that allows passengers to go directly from their station to another one in the new convention center, which will span about two miles when complete.

24 Las Vegas Projects - MSG Sphere Las Vegas Project - Circa Las Vegas

Derek and Greg Stevens, owners In May 2016, Madison Square Garden of several executives announced a partnership with properties, announced details of the Las Vegas Sands Corp. to build a music their forthcoming resort. The first venue, taking aim at competitors including ground-up downtown property MGM Resorts. The companies said the in decades, Circa Las Vegas, is venue will be just east of the Las Vegas scheduled to open in December Strip, behind the Sands-owned Venetian 2020. The 1.25 million square foot and Palazzo hotel . The new property and its 777-room hotel venue is a partnership among Madison will be the tallest hotel north of Square Garden Co., Sands Corp., Azoff the Strip at around 44 stories. The MSG Entertainment, concert promoter resort is being built on a city block Live Nation and Oak View Group, an that once housed the Las Vegas entertainment advisory firm. The room Club, Mermaids and Girls of Glitter will be designed for music, rather than the Gulch topless club, across Main multipurpose model used in most sports Street from the Plaza. The property arenas. The MSG Sphere at The Venetian will have the longest outdoor bar will be 360-feet tall, will hold a capacity on the Fremont Street Experience, of more than 18,000 seats and will be five restaurants, a three-story home to the world’s largest and highest sports book and a two-level casino. resolution media display. Groundbreaking was held September 27, 2018.

26 Las Vegas Projects - Project Neon

Nearly two decades in the making, Project Neon is the largest public works project in Nevada history. Project Neon will widen 3.7 miles of Interstate 15 between Sahara Avenue and the “Spaghetti Bowl” interchange in downtown Las Vegas. It is currently the busiest stretch of highway in Nevada with 300,000 vehicles daily, or one-tenth of the state population, seeing 25,000 lane changes an hour. Traffic through this corridor is expected to double by 2035. The $1 billion project is 90% complete and divided into three phases. An HOV flyover bridge is being added and will create 22 consecutive miles of carpool lanes from I-15 to US 95. Completion is scheduled for 2019.

Project Highlights

• HOV direct connect between U.S. 95 and I-15 • Conversion of express lanes on I-15 to HOV • New I-15 HOV interchange: “Neon Gateway” • Reconstruction of Charleston interchange • MLK realignment with flyover at Charleston • Grand Central Parkway extension to Industrial

Project Goals

• Improve safety • Reduce congestion • Reduce travel delays • Create jobs • Improve air quality • Improve freeway operations • New surface street connections 28 • Better access to downtown Las Vegas $80,632 A ve e r ag H o u s e h o ld I n c o m e (W i t h n 3-M i l es )

emographics D Area Demographics Area Demographics

159,545 Total Population Within 3-Miles

$65,349 Median Household Income Within 3-Miles Summary Census 2010 2019 2024 Population 142,610 159,545 172,213 Households 49,565 54,866 58,956 Families 36,110 39,794 42,721 Average Household Size 2.86 2.90 2.91 Owner Occupied Housing Units 34,882 37,089 40,488 Renter Occupied Housing Units 14,683 17,777 18,468 Median Age 35.8 37.2 36.7 Trends: 2019 - 2024 Annual Rate Area State National 54,866 Population 1.54% 1.56% 0.77% Households 1.45% 1.49% 0.75% Total Households Within 3-Miles Families 1.43% 1.46% 0.68% 32 Owner HHs 1.77% 1.86% 0.92% Median Household Income 2.95% 2.62% 2.70% Exclusively Listed By: Ofir Ventura Galit Rozen Commercial Agent Broker/Owner Phone: 702.792.3440 Phone: 702.792.3440 Email: [email protected] Email: [email protected]