OFFERING SUMMARY Former Crazy Horse Too Gentlemen’s Club & Industrial Property with Adult Use License 2440-2494 Industrial Road / Las Vegas, NV 89102

FOR SALE – ADULT USE/TAVERN LOCATION AND MULTI-TENANT INDUSTRIAL PROPERTY REDUCED PRICE <$100/SF

The Offering Investment Summary

The exclusive listing broker Cushman & Wakefield is ORIGINAL ASKING PRICE: $7,950,000 ($130/SF) pleased to present the opportunity to acquire the Former Crazy Horse Too Gentlemen’s Club and Industrial Property REDUCED ASKING PRICE: $5,950,000 ($98/SF) located in Las Vegas, . The property has an PROPERTY SIZE: ±60,954 SF existing Erotic Dance Establishment (adult use) license, SITE SIZE: ±2.65 AC and Ownership has indicated that upon the operator OCCUPANCY: N/A obtaining any necessary approvals the potential still exists to have tavern uses at the property. Historically the PRO-FORMA NOI: $755,069 (12.6% Cap Rate) property enjoyed a reputation as one of the top clubs in CLUB SPACE: ±19,200 SF Las Vegas and with a location less than ½ mile from the LAST OPERATING DATE: 2015 Strip is one of the most accessible adult-use properties to 114 spaces (potential to lease the Resort Corridor. The club has operated only briefly in PARKING: 2014-2015 since being closed on June 30, 2007 but did add’l 115 spaces) receive numerous interior upgrades and improvements YEAR BUILT: 1972 (Club Renovated Approx 2002 /2015) by that recent operator and remains essentially in turnkey Industrial District (M)- ZONING: condition. City of Las Vegas The property is being offered on an as-is basis and EXISTING LICENSES: Erotic Dance Establishment although Ownership has not obtained a Property PRIOR USES: Topless Club w/Liquor and Tavern Condition Assessment or made its own comprehensive inspection it is aware of the following items of deferred APN: 162-04-407-001 maintenance (i) roof (ii) electrical (no power to portions REAL PROPERTY TAX: $27,542 (2017-2018) of property from copper theft), (iii) plumbing (potential sewer issues and some units without water lines/toilet), (iv) drainage, and (v) HVAC (vandalism). The Buyer shall be responsible to conduct its own environmental survey and Ownership makes no representations regarding the environ- mental condition of the property. Further it has been determined by the Court that a purchaser will be unable to utilize the Crazy Horse Too name at this property and any purchaser will be required to operate under a different name. The property is being sold on an all-cash basis and interested parties shall be required to provide full financial qualifications with proof of funds in conjunction with their offer. Ownership has not announced a call for offers date and is able to consider and respond to offers as they are presented. Please ensure that tenants at property are not contacted or disturbed without prior authorization from Seller and all property tours shall be scheduled in advance through Cushman & Wakefield and by appointment only. Please review the property website for additional offering information as it becomes available. www.comre.com/CrazyHorse OFFERING SUMMARY Former Crazy Horse Too Gentlemen’s Club & Industrial Property with Adult Use License 2440-2494 Industrial Road / Las Vegas, NV 89102

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Center Convention Center W To obtain more information on the Former Crazy Horse Too 2440-2494Gentlemen’s Club Industrial& Multi-Tenant Industrial Road Property please visit the property website: Some Imagery by nearmap - F:\Projects\LV\West\FormerCrazyHorseToo\Aerial.mxd - 4/5/2018 rbrady www.comre.com/CrazyHorse

Geoffrey P. West 6725 Via Austi Pkwy. Senior Director Suite 275 Capital Markets Las Vegas, NV 89119 Investment Property Sales & Acquisitions Main +1 702 796 7900 +1 702 688 6936 Fax +1 702 796 7920 [email protected] cushmanwakefield.com

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.