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REGENCY PLAZA - ANCHORED RETAIL CENTER 7.91% ACTUAL CAP RATE - 72% NATIONAL TENANTS 348 Nellis Boulevard, Las Vegas, Nevada 89110

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REGENCY PLAZA - ANCHORED RETAIL CENTER 7.91% ACTUAL CAP RATE - 72% NATIONAL TENANTS 348 Nellis Boulevard, Las Vegas, Nevada 89110 Offering Highlights REGENCY PLAZA - ANCHORED RETAIL CENTER 7.91% ACTUAL CAP RATE - 72% NATIONAL TENANTS 348 Nellis Boulevard, Las Vegas, Nevada 89110 CHUCK E. CHEESE’S GOODWILL IHOP DEL TACO LESLIE’S POOL SUPPLIES INVESTMENT HIGHLIGHTS REGENCY PLAZA THE OFFERING Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase Regency Plaza, located at 348 N. Nellis PROPERTY PROPERTY OVERVIEW Boulevard in Las Vegas, Nevada. The Property is currently 100% occupied with a strong mix of national tenants, including Goodwill, Chuck E. Cheese’s, Del Taco, IHOP, Leslie’s Pool Supplies, and more. INVESTMENT HIGHLIGHTS • National Credit - 72% of the Center consists of National Tenants on Long Term leases including: Goodwill, Chuck E Cheese, IHOP, LOCATION LOCATION OVERVIEW Del Taco, Metro PCS, T-Mobile and AT&T • Stable Income - 100% occupancy with 76% of the tenants’ leases not up for renewal until 2020 or later • Below Markets Rents - 65% of the tenants signed current leases during the “Great Recession” • Strong Traffic Counts - Signalized Hard Corner location with traffic counts over 61,903 per day • Dense Residential Location - Population of over 170,865 residents within a 3-mile radius SUMMARY MARKET OVERVIEW Asking Price: $14,980,000 Rentable Area: ± 66,651 square feet First Year NOI (1): $1,190,011 Occupancy: 100% Actual Cap Rate: 7.91% Debt:* ± Assumable CMBS Loan 0.5% fee Underwritten NOI (2): $1,153,626 Current Balance: $7,938,647 (as of 6/1/2017) FINANCIAL OVERVIEW Underwritten CAP Rate: 7.70% Interest Rate: 5.21% Cash on Cash: 8.30% Remaining Term: 79 Months - matures 1/6/2024 LIRR (3): 14.24% Monthly Loan Payments: $45,902 * CMBS loan must be assumed. (1) Actual NOI is the first year NOI commencing June 1, 2017 based on actual in-place leases OVERVIEW (2) Underwritten NOI is the first year NOI commencing June 1, 2017 less a 10% vacancy factor on all non-national tenants LAS VEGAS VALLEY VALLEY LAS VEGAS (3) Annual leveraged yield over the holding period The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. PROPERTY SUMMARY REGENCY PLAZA Property Location: Regency Plaza lies within the Northeast retail corridor located on Nellis Boulevard just south of Stewart Avenue, having the civic address of 348 N. Nellis Boulevard, Las Vegas, Nevada. The Property is part of a PROPERTY PROPERTY OVERVIEW strong Nellis commercial corridor boasting national tenants. Conveniently located 1.7 miles from the U.S. 95 on/off ramp at Charleston Blvd., providing easy access to McCarran International Airport and the I-15. As of 2016, there were 434,746 residents within a 5-mile radius with an average household income of $56,266. Property Description: The Property is a total of four (4) one-story retail buildings and pads comprised of ±66,651 square feet and constructed in 1978 and fully renovated in 2011. The property is anchored by Goodwill and includes IHOP, Del Taco, Chuck E. Cheese’s, & Leslie’s Pool Supplies. The Property consists of 13 suites ranging from 1,330 LOCATION LOCATION OVERVIEW SF to 24,000 SF. The Property offers excellent exposure to Nellis Blvd. offering 460 feet of frontage and traffic counts of over 61,000 cars per day. The plaza is 100% occupied. Assessor Parcel Numbers: 140-33-301-001, 003, 004, 005 Zoning: C-2 (General Commercial) MARKET Site Size - Acres: ± 6.54 Acres OVERVIEW Building Size - SF: ± 66,651 Parking Ratio: ± 4.1/1,000 (total spaces 276) Construction Year: 1978, renovated 2011 FINANCIAL OVERVIEW Renovation Details: Over $600,000 spent on 2011 Renovation, which included Brand New Facia, Paint and Partial New Roof Traffic Counts: On Nellis Blvd., N. of Stewart Ave. - 41,242 cars per day On Stewart Ave., E. of Nellis Blvd. - 20,661 cars per day OVERVIEW LAS VEGAS VALLEY VALLEY LAS VEGAS The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. PROPERTY PHOTOS REGENCY PLAZA PROPERTY PROPERTY OVERVIEW LOCATION LOCATION OVERVIEW MARKET OVERVIEW FINANCIAL OVERVIEW OVERVIEW LAS VEGAS VALLEY VALLEY LAS VEGAS The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. PROPERTY PHOTOS REGENCY PLAZA PROPERTY PROPERTY OVERVIEW LOCATION LOCATION OVERVIEW MARKET OVERVIEW FINANCIAL OVERVIEW OVERVIEW LAS VEGAS VALLEY VALLEY LAS VEGAS The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. PROPERTY PHOTOS REGENCY PLAZA PROPERTY PROPERTY OVERVIEW LOCATION LOCATION OVERVIEW MARKET OVERVIEW FINANCIAL OVERVIEW OVERVIEW LAS VEGAS VALLEY VALLEY LAS VEGAS The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. SURROUNDING AERIAL MAP REGENCY PLAZA STEWART AVE PROPERTY PROPERTY OVERVIEW SUBJECT PROPERTY CHARLESTON BLVD ± 20,661 CPD LOCATION LOCATION OVERVIEW BONANZA RD ± 41,242 CPD NELLIS BLVD MARKET OVERVIEW FINANCIAL OVERVIEW OVERVIEW LAS VEGAS VALLEY VALLEY LAS VEGAS The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. SITE MAP REGENCY PLAZA PROPERTY PROPERTY OVERVIEW Cell Towers Alpha Medical Universal Center Insurance & Tax IDEAL LAUNDROMAT LOCATION LOCATION OVERVIEW El Pedregal Salon MARKET OVERVIEW STEWART AVENUE FINANCIAL OVERVIEW NELLIS BOULEVARD OVERVIEW LAS VEGAS VALLEY VALLEY LAS VEGAS The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. LAS VEGAS VALLEY LOCATION MAP REGENCY PLAZA PROPERTY PROPERTY OVERVIEW LOCATION LOCATION OVERVIEW MARKET OVERVIEW FINANCIAL OVERVIEW OVERVIEW LAS VEGAS VALLEY VALLEY LAS VEGAS The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. LAS VEGAS VALLEY OVERVIEW REGENCY PLAZA RECENTLY COMPLETED MAJOR DEVELOPMENTS T-MOBILE ARENA THE PARK LAS VEGAS PROPERTY PROPERTY OVERVIEW T-Mobile Arena is a $375 million 650,000-square-foot, state-of-the-art stadium that MGM Resorts International’s new $100 million outdoor dining and entertainment district opened in April 2016. This multi-purpose arena was a joint venture between MGM Resorts named The Park Las Vegas is located between New York-New York and Monte Carlo resorts LOCATION LOCATION OVERVIEW International and the Anschutz Entertainment Group (AEG). Located just west of the Las in front of the brand-new 20,000 seat T-Mobile Arena opened in April 2016. Vegas Strip between New York-New York and Monte Carlo, this 20,000-seat T-Mobile Arena will host exciting, world-class events with something for everyone – from UFC, boxing, hockey, The Park boasts a range of restaurants and bars, including the Shake Shack, California basketball and bull riding to high-profile awards shows, major headline entertainment, Pizza Kitchen, Beerhaus, the Japanese restaurant Sake Rok and the waffle restaurant concerts, family shows and special events. Bruxie. Other highlights of the park include two 100-foot long water walls at the entry of The Park and other water features, trees with wide-reaching branches and natural landscaping With a 200-foot-wide video mesh wall and telescopic seats to customize sightlines, utilizing native and desert-adaptive plants, towering shade structures, patio-style seating, the T-Mobile Arena incorporates some groundbreaking technology. The venue will have seating alcoves, a 40-foot-tall sculpture of a dancing woman named Bliss Dance, and more. numerous VIP experiences, highlighted by Hyde Lounge, an exclusive nightclub with unrivaled views of all the sports and entertainment action below. MARKET OVERVIEW LUCKY DRAGON HOTEL & CASINO TOP GOLF FINANCIAL OVERVIEW Las Vegas’ newest gaming property, the Asian-themed Lucky Dragon Hotel & Casino, Sitting on eight acres just behind MGM Grand Hotel & Casino, Topgolf is the only entertainment celebrated its grand opening on the North end of the Las Vegas Strip in December 2016. venue of its kind, opening its doors to the public in May 2016. Top Golf boasts 108 climate- The new boutique hotel will offer a 10-story hotel tower housing 203 rooms, a 27,500 square controlled hitting bays, two pools, cabanas, a concert venue, VIP suites, five bars, special foot casino with 478 slot machines, and a 446-space parking garage. Other amenities event spaces, a comfort food-inspired menu with creative beverage offerings, a Callaway include Asian-inspired restaurants, a spa, an indoor tea garden, and a pool for hotel guests. Fitting Studio, a Topgolf retail shop, and more. Spanning four levels and 105,000 square feet, the Topgolf flagship location in Las Vegas stands as the biggest Topgolf venue to date. The Lucky Dragon is the first all-new hotel to open on the Las Vegas Strip recently. Most of the signage due to reside at the property will be in Chinese as a reflection of the true Asian The venue is expected to serve upward of one million guests in its first year of operation and cultural and gaming experience. Lucky Dragon’s opening comes just in time for the start of has already created more than 850 full- and part-time positions. OVERVIEW non-stop flights from Beijing to Las Vegas. LAS VEGAS VALLEY VALLEY LAS VEGAS The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. LAS VEGAS VALLEY OVERVIEW REGENCY PLAZA PLANNED DEVELOPMENTS LV GLOBAL BUSINESS DISTRICT LAS VEGAS STADIUM Las Vegas Convention Center will be With hopes of bringing the Oakland renovated and expanded into a $2.3 Raiders and the National Football PROPERTY PROPERTY OVERVIEW billion Las Vegas Global Business League to Sin City for the 2020 NFL District.
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