VALUE-ADD ESSENTIAL SERVICES REGENCY RETAIL CENTER

320 N. Nellis Boulevard PLAZA , NV 89110

EXCLUSIVE OFFERING MEMORANDUM EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

Regency Plaza is a 100% occupied ±28,281 SF multi-tenant retail building with below market rents, situated on an oversized ±2.83 acre parcel.

BELOW MARKET LONG TERM 100% ESSENTIAL NATIONAL CREDIT DENSE RESIDENTIAL RENTS TENANCY TENANTS LOCATION The property is NNN rents are far below Current tenants combine Service, medical, surrounded by national Population of over 216,694 the market average of for a total of 52 years of restaurant and credit tenants such as residents within a $1.50 NNN PSF tenancy at this building entertainment uses Wal-Mart, Ross, Smith’s, 3-mile radius comprise 100% of the Goodwill, 99 Cent Only rent roll Store, Target, Denny’s and Super Pawn among others

$4,750,000 7.25% $344,704 $168 ASKING PRICE CAP RATE NET OPERATING INCOME PRICE PSF

Stewart Ave

N Nellis Blvd

2 EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

CENTENNIAL

NORTH LAS VEGAS

95

15

North Las Vegas REGENCY Airport SUNRISE PLAZA BUILDING DETAILS SUMMERLIN

PECCOLE RANCH/ LAS VEGAS THE LAKES 15 Building Size ±28,281 Square Feet egas Strip Las V WHITNEY

PARADISE SPRING VALLEY Site Size ±2.83 Acres

515 McCarran Int’l Airport Year Built/ 1999 Renovated 2017 - Asphalt, Monument Sign, 6 New HVAC Units, New Paint

309 Surface Parking Spaces 215 Parking SOUTHWEST Ratio ±10.9/1,000 GREEN VALLEY / HENDERSON / ANTHEM

15 Zoning C-2 (General Commercial - Clark County)

APN 140-33-310-010

3 EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

N Nellis Blvd

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REGENCY PLAZA

E Bonanza Rd

E Charleston Blvd

Stewart Ave N Nellis Blvd

© 2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent inves- tigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. 5 EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

Express Parking: ±1 Acre

Express Parking: ±1 Acre

Full Commercial Kitchen

Full Commercial Kitchen Potential Cross Access Smog Shop Across All Parcels

Stewart Ave Courtesy DentalCourtesy ±2,800 SF Las Delicias De Montecristo ±2,056 SF La Onda Banquet Hall ±10,800 SF Cut Ups Beaty Salon Cut Ups Beaty SF ±1,947 La Onda Banquet Hall ±5,278 SF A New Mind Health Services SF ±5,400 1 2-3 4 5 6 7-8

Potential Pylon Signage N Nellis Blvd ±48,000 CPD Available

Smog Shop ±19,000 CPD

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SOLD SALE COMPARABLES

1 2

4500 E BONANZA RD 2755 W CHEYENNE AVE 23 Las Vegas, NV North Las Vegas, NV Sale Price $2,900,000 $2,600,000 Sale Price PSF $235.39 $227.69 Sale Date 11/04/2020 03/05/2021 1 24 Building Size 12,320 SF 11,419 SF Year Built 1997 2007 Cap Rate N/A 7.20% Occupancy 100% 100% REGENCY PLAZA

3 4

5597 S RAINBOW BLVD 4800-4880 E BONANZA RD 34 Las Vegas, NV Las Vegas, NV Sale Price $3,300,000 $5,300,000 Sale Price PSF $206.64 $173.07 Sale Date 03/01/2021 01/22/2020 Building Size 15,970 SF 30,623 SF Year Built 2007 2000 Cap Rate 7.22% 7.10% Occupancy 85.40% 92.65%

7 EXECUTIVE SURROUNDING SITE SALE TENANTTENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEWOVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

CUT-UPS BEAUTY SALON

Family friendly full services salon where customers receive exceptional work performed by highly trained and creative stylists. Cut-Ups offers a full range of salon services, hair and nails, makup and more.

Tenant Name Cutups Beauty Salon Rental Rate PSF Monthly $1.35 Rent Commencement 01/01/05 Lease Expiration 04/30/22 Gross Leasable Area 1,947 LA ONDA BANQUET HALL Option Term One (1) 5-Year FMV Pro Rata Share of Project 6.88% La Onda Banquet Hall has owned and operated three banquet facilities in and around the Las Vegas Headquartered Las Vegas, NV Valley for 25 years. This location offers an atmosphere of elegance and distinction with additional Guarantor Personal amenities to accommodate weddings, birthday paraties, quinceaneras and sweet sixteen parties. Website cutupssalon.com

Tenant Name La Onda Banquet Hall Rental Rate PSF Monthly $1.03 : $1.00 Rent Commencement 10/09/13 : 02/22/10 Lease Expiration 02/08/24 : 11/30/25 Gross Leasable Area 5,278 : 10,800 Option Term One (1) 5-Year FMV Pro Rata Share of Project 18.66% : 38.19% Headquartered Las Vegas, NV Guarantor Personal Website laondalv.com

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A NEW MIND HEALTH SERVICES

A New Mind Health Services is a substance abuse treatment and counseling center offering a continuum of services for those struggling with substance abuse and co-occuring disorders.

Tenant Name A New Mind Health Services Rental Rate PSF Monthly $0.95 Rent Commencement 08/01/18 Lease Expiration 10/31/23 Gross Leasable Area 5,400 COURTESY DENTAL & ORTHODONTICS Option Term One (1) 5-Year FMV Pro Rata Share of Project 19.09% Courtesy Dental & Orthodontics has been the dental healthcare choice for families in the Headquartered Las Vegas, NV Charleston Boulevard area for years. Their team of dentists, orthodontists and other dental Guarantor Personal professionals stand ready to provide customers with unmatched convenience and savings on a Website anewmindhs.com complete range of dental services. They have four Las Vegas and three Reno locations to serve their patients.

Tenant Name Courtesy Dental & Orthodontics Rental Rate PSF Monthly $1.19 Rent Commencement 01/21/13 Lease Expiration 07/20/23 Gross Leasable Area 2,800 Option Term Two (2) 5-Year 3% increases Pro Rata Share of Project 9.90% Headquartered Las Vegas, NV Guarantor Personal Website courtesydental.com

9 EXECUTIVE SURROUNDING SITE SALE TENANTTENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEWOVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

LAS DELICIAS DE MONTECRISTO

Las Delicias De Montecristo has been serving authentic Salvadoran cuisine since opening in April 2014. They currently have two locations in the .

Tenant Name Las Delicias De Montecristo Rental Rate PSF Monthly $1.00 Rent Commencement 04/01/15 Lease Expiration 12/31/25 Gross Leasable Area 2,056 Pro Rata Share of Project 7.27% Headquartered Las Vegas, NV Guarantor Personal Website lasdeliciasdemontecristo.com

10 EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

Please execute the confidentiality agreement to obtain the rent roll.

EXECUTE CONFIDENTIALITY AGREEMENT HERE

11 EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

POPULATION 1 Mile 3 Miles 5 Miles 2020 Population 32,355 221,522 460,280 2025 Population 34,191 236,273 489,436

HOUSEHOLD 1 Mile 3 Miles 5 Miles 2010 Households 8,748 63,498 135,674 2020 Households 9,209 68,504 145,601 2025 Households 9,674 72,634 154,214 2020 Average Household Size 3.51 3.21 3.09

HOUSEHOLD INCOME 2020 1 Mile 3 Miles 5 Miles Under $15,000 15.6% 15.3% 17.5% 1 $15,000 - $24,999 12.2% 13.2% 13.7% $25,000 - $34,999 11.5% 13.0% 12.8% $35,000 - $49,999 19.2% 17.3% 16.9% $50,000 - $74,999 18.6% 17.2% 16.5% $75,000 - $99,999 9.0% 10.1% 9.5% $100,000 - $149,999 9.5% 9.2% 8.6% $150,000 - $199,999 3.6% 2.8% 2.8% $200,000 and Over 0.9% 1.8% 1.8% 2020 Median Household Income $42,052 $41,084 $39,124 2020 Average Household Income $55,161 $56,544 $54,572

CLASS OF WORKER (AGED 16+) 1 Mile 3 Miles 5 Miles White Collar 36.8% 39.4% 38.8% Services 32.5% 32.2% 34.1% Blue Collar 30.8% 28.3% 27.1%

HOUSING VALUE 1 Mile 3 Miles 5 Miles 2020 Median Value of Owner Occ. Unit $182,298 $195,283 $192,602 2020 Average Value of Owner Occ. Unit $211,315 $231,172 $233,141

12 EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

WHERE WE LIVE Iconic. Livable. Eclectic.

WE'RE #1! 'S TOP RANKS QUALITY

Most Entrepreneur Friendly State (Small OF LIFE #1 Business & Entrepreneurship Council, Las Vegas has 294 days of sunshine, on 2018) average

Top Economic Growth—Dream Index National Wilderness Areas 19 #1 (Forbes, 2017) National Parks 6

Top Trade Show Destination (Trade Show National Forests 9 #1 News Network, 24th Consecutive Year) State Parks 6

Nevada Population Growth 2017 (U.S. Golf Courses 53 #1 Census Bureau)

NOTABLE ACCOLADES #4 Entrepreneur Growth 56.5% HOME COMPARABLE METROPOLITAN REGIONS

(Kaufman Foundation, 2017) OWNERSHIP RATE $750,000 #6 North Las Vegas Millennial Homeownership Median Home Value $500,000 (Yahoo Finance, 2019) $250,000 #9 State Business Climate Index $299,751 (VEGAS) $0 (Tax Foundation, 2019) $309,800 (U.S.) MEDIAN HOME (2020) VALUE BOISE RENO McCarran Airport is in top 10 U.S. airports DENVER SEATTLE PHOENIX ESRI LAS VEGAS PORTLAND SAN DIEGO Las Vegas is less than one day's drive SACRAMENTO LOS ANGELES 43.5% SALT LAKE CITY to 60 million customers and five Renters major ports 56.5% Home Owners

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HOW WE WORK EDUCATION A Thriving Knowledge WORKFORCE Economy ATTAINMENT - 2020 High School Diploma 24% Pre-recession During recession Some College 25.7% 1,042,300 910,600 Associate’s Degree 8.3% (January 2020) (August 2020) The Tax Foundation 2020 State Business Tax Bachelor’s Degree 16.3 U.S. Bureau of Labor Statistics Climate Index ranks Nevada #7 best state Advanced Degree 8.6% ESRI in the U.S. LAS VEGAS RANKED 5th ON CBRE'S 'THE NEXT 10 TECH MARKETS TO WATCH' LIST TOP EMPLOYERS 2020 Tech 30, CBRE Research Bank of America ONE OF THE NATION'S MOST TAX-FRIENDLY STATES NO corporate income tax NO personal income tax NO franchise tax on income NO inventory tax NO inheritance or gift tax NO unitary tax ESRI NO estate tax

OCCUPATION EMPLOYMENT Leisure 24.1% Professional 14.4% Government 11.2% 24% Education 11.1% IN LEISURE Retail Trade 11.0% Construction 7.7% TOP Financial 5.9% OCCUPATIONS Transportation and Warehousing 5.0% MOSTLY IN LEISURE & 14% Other 3.1% PROFESSIONAL IN PROFESSIONAL Manufacturing 2.7%

U.S. Bureau of Labor Statistics Wholesale Trade 2.4% Information 1.0% 14 EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

HOW WE SPEND OUR MONEY MAJOR SHOPPING 86 MUSEUMS IN Out and DESTINATIONS LAS VEGAS About SELECT TOP MUSEUMS Crystals (City Center) The Downtown Summerlin Las Vegas Natural History Museum Las Vegas is a top global destination for Forum Shops () Discovery Children's Museum entertainment, gaming, shopping and dining. Grand Canal Shops at the Venetian The Nevada State Museum We’re home to 10 Michelin Star restaurants Shelby American, Inc.

and a host of world-renowned museums. at Planet Hollywood Hollywood Car Museum

PROFESSIONAL SPORTING $36.9 BILLION IN VISITOR SPENDING LVCVA 2019 NHL Golden Knights POPULAR NON-GAMING NFL ATTRACTIONS WNBA Las Vegas Aces USLC Las Vegas Lights MILB Las Vegas Aviators, Las Vegas Philharmonic Oakland A's farm team Henderson Symphony Orchestra Gallery of Fine Art Las Vegas Arts District

The Smith Center for Performing Arts 10 UNLV Performing Arts Center Michelin Star Theater Planet Hollywood RESTAURANTS Restaurants + at Park MGM Las Vegas Pearl Theater THEATERS 15 EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

MCCARRAN INTERNATIONAL AIRPORT HOW WE GET 9th BUSIEST AIRPORT IN U.S., FAA 2019 BUSIEST AIRPORTS AROUND Flexible 51,537,638 PASSENGERS IN 2019 Options 3rd BEST RANKED AIRPORT AMONG MEGA AIRPORTS IN U.S., J.D. POWER 2019 NORTH AMERICA AIRPORT SATISFACTIONS SURVEY Las Vegas benefits from its geographic METRO AREA TRAILS location as being incredibly accessible City of Las Vegas 104 miles City of Henderson 180+ miles via highway, railway and air. The local City of North Las Vegas 70 miles Unincorporated Clark County 50 miles downtown area also offers a regional QUICK FACTS bus system and more unique modes of The operates along a 3.9-mile route from the Station to the transport, like our monorail and moving MGM Grand Station • Trains arrive every 4 to 8 minutes walkways, in addition to community- • The rail encompasses 7 stations shared, last-mile options such as scooters • In 2018, the Las Vegas Monorail aided in the annual removal of an estimated 2.1 million vehicle miles from ’s major roadways, reducing emissions by more than 27 tons

AVERAGE TRUCK DRIVE TIMES TO MAJOR WESTERN CITIES COMMUTE TIME

LAS VEGAS 25.4 minutes U.S. LOCATION26.9 minutes & TRANSPORTATION ESRI

Las •Vegas I-15 Interchange is a major is ±2.0 transportationmiles hub from site servicing the Mountain and West states. • US-95 Interchange is ±11.0 miles Las Vegasfrom site has an efficient transportation • McCarran Airport is ±13.6 miles infrastructurefrom site and is comprised of three

major• The highways: Interstate is ±10.0 miles 15, U.S. from site 1 day 93/95, and the 215 Beltway. 2 days

• FedEx Freight - 4 Miles NOT TO SCALE

• FedEx Ship Center - 9 Miles • FedEx Air Cargo - 20 Miles One Day Truck Service Two Day Truck Service 16 • FedEx Ground - 33 Miles

• UPS Freight Service Center - 5 Miles TRANSIT ANALYSIS FROM LAS VEGAS, NV

• UPS Customer Center - 11 Miles Distance (mi.) Time (est.) Distance (mi.) Time (est.)

• UPS Air Cargo - 24 Miles Los Angeles, CA 265 3 hrs, 54 min Boise, ID 634 9 hrs, 31 min Phoenix, AZ 300 4 hrs, 39 min Santa Fe, NM 634 9 hrs, 8 min • US Post Office - 9 Miles San Diego, CA 327 4 hrs, 46 min Denver, CO 752 10 hrs, 45 min Salt Lake City, UT 424 5 hrs, 50 min Cheyenne, WY 837 11 hrs, 52 min Reno, NV 452 6 hrs, 55 min Helena, MT 907 12 hrs, 31 min San Francisco, CA 562 8 hrs, 20 min Portland, OR 982 15 hrs, 44 min Sacramento, CA 565 8 hrs, 14 min Seattle, WA 1,129 16 hrs, 52 min EXECUTIVE SURROUNDING SITE SALE TENANT RENT AREA WHY SUMMARY AERIAL PLAN COMPARABLES OVERVIEW ROLL DEMOGRAPHICS LAS VEGAS?

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

AFFILIATED BUSINESS DISCLOSURE This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the CBRE, Inc. operates within a global family of companies with many subsidiaries and information which prospective investors may require to evaluate a purchase of related entities (each an “Affiliate”) engaging in a broad range of commercial real the Property. The information contained in this Memorandum has been obtained estate businesses including, but not limited to, brokerage services, property and from sources believed to be reliable, but has not been verified for accuracy, facilities management, valuation, investment fund management and development. completeness, or fitness for any particular purpose. All information is presented At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow “as is” without representation or warranty of any kind. Such information includes Company, may have or represent clients who have competing interests in the same estimates based on forward-looking assumptions relating to the general economy, transaction. For example, Affiliates or their clients may have or express an interest market conditions, competition and other factors which are subject to uncertainty in the property described in this Memorandum (the “Property”), and may be the and may not represent the current or future performance of the Property. successful bidder for the Property. Your receipt of this Memorandum constitutes All references to acreages, square footages, and other measurements are your acknowledgement of that possibility and your agreement that neither CBRE, approximations. This Memorandum describes certain documents, including leases Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest and other materials, in summary form. These summaries may not be complete nor or involvement in the sale or purchase of the Property. In all instances, however, accurate descriptions of the full agreements referenced. Additional information CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), and an opportunity to inspect the Property may be made available to qualified at arms’ length, not in concert, or in a manner detrimental to any third party. prospective purchasers. You are advised to independently verify the accuracy and CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner completeness of all summaries and information contained herein, to consult with consistent with the law and all fiduciary duties owed to their respective client(s). independent legal and financial advisors, and carefully investigate the economics CONFIDENTIALITY AGREEMENT of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining The Owner expressly reserves the right, at its sole discretion, to reject any or all whether you desire to express further interest in the acquisition of the Property, expressions of interest or offers to purchase the Property, and/or to terminate (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its discussions at any time with or without notice to you. All offers, counteroffers, contents to any third party without the prior written authorization of the owner and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this have any legal commitment or obligation except as set forth in a fully executed, Memorandum in any manner detrimental to the Owner or CBRE, Inc. definitive purchase and sale agreement delivered by the Owner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

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DISCLAIMER REGENCY PLAZA

INVESTMENT CONTACTS

ROY FRITZ, CCIM MICHAEL K. HSU DYLAN HEROY First Vice President First Vice President Associate +1 702 369 4853 +1 702 369 4866 +1 702 369 4836 [email protected] [email protected] [email protected] Lic. S.0169670 Lic. S.0051609 Lic. S.0185856

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