Durango Village 6048 South Durango Drive , NV 89113

Offering Memorandum

2 Tenant, 100% NNN Leased Investment NNN Leased Investment 6048 South Durango Drive Table of Contents Las Vegas, NV 89113

Page 3 Page 4 Page 8 Page 10 EXECUTIVE SUMMARY TENANT INFO LOCATION OVERVIEW MARKET OVERVIEW Property Information Rent Roll Amenity Map Las Vegas Info Property Photos Tenant Profiles Map of Hospitals in McCarran International Site Plan the Las Vegas Development Who’s Moving to

Avison Young | Offering Memorandum Page 2 NNN Leased Investment 6048 South Durango Drive Property Information Las Vegas, NV 89113

Offering Price Offering Summary $2,411,900 Address: 6048 South Durango Drive

Price PSF: City, State, Zip: Las Vegas, NV 89113 $380.76 Product Type: Office NOI: $144,354.00

Occupancy: 100%

Building Size: ±6,334 Sf

Land Size: 0.13 Acres

Number of Buildings: One (1)

Number of Stories: One (1)

Number of Units: Two (2)

APN: 163-33-213-008

Year Built: 2007

Zoning: C-P, County

32 available (surface), 5.10/1,000 SF Parking: 6 Covered Reserved

Avison Young | Offering Memorandum Page 3 NNN Leased Investment 6048 South Durango Drive Additional Property Photos Las Vegas, NV 89113

Durango Village

Avison Young | Offering Memorandum Page 4 NNN Leased Investment 6048 South Durango Drive Rent Roll Las Vegas, NV 89113

Asking Price Cap Rate Annual Rent Sq. Ft. $2,411,900 6.0% $144,354 ±6,334

ESTIMATED REMAINING ORIGINAL LEASE LEASE LEASE RENT MONTHLY ANNUAL SUITE TENANT SF TERM / MOS EFF DATE EXP DATE PSF/MO RENT RENT COMMENTS

PR Acquisition Corp 100 & 105 3,217 25 04/01/15 06/30/23 $1.85 $5,967.02 $71,604..24 Two (2) Three (3) year Options to Extend dba Select Physical Therapy

110 & 115 Oasis Counseling, LLC 3,117 51 04/01/18 08/31/25 $1.94 $6,062.48 $72,749.76 One (1) Five (5) year Option to Extend

Avison Young | Offering Memorandum Page 5 NNN Leased Investment 6048 South Durango Drive Tenant Profiles Las Vegas, NV 89113

Dignity Health Physical Therapy offers physical therapy and Oasis Counseling is a full service, private, outpatient Mental specialized services for individuals with orthopedic and Health Clinic with 3 locations in the Las Vegas area. Their musculoskeletal conditions, sports and work-related injuries, qualified staff of licensed clinicians provide services to arthritis and balance disorders at their centers throughout children, adults, and families. Nevada. They provide psycholotherapy and counseling, lifestyle

Since their founding in 1986, they’ve made it their goal to support, marriage and family therapy and psychological create environments that meet each patient’s physical, mental, assessments and testing. and spiritual needs. Dignity Health is made up of more than 60,000 caregivers and staff who deliver excellent care to diverse communities in 21 states. Headquartered in San Francisco, Dignity Health is the fifth largest health system in the nation and the largest hospital provider in California.

3,217 Sq. Ft. 3,117 Sq. Ft. Lease Expiration: 06/30/23 Lease Expiration: 08/31/25

Avison Young | Offering Memorandum Page 6 NNN Leased Investment 6048 South Durango Drive Site Plan Las Vegas, NV 89113

Neighboring Tenants within Durango Village

Avison Young | Offering Memorandum Page 7 NNN Leased Investment 6048 South Durango Drive Amenity Map Las Vegas, NV 89113

ON/OFF RAMP W TROPICANA AVE TROPICANA BELTWAY

VICTORIA FERTITTA MIDDLE SCH LUCILLE ROGERS ELEMENTARY SCH THE GRAM- DURANGO BLVD. ON/OFF RAMP W RUSSELL RD | 11,500 AADT DURANGO BISHOP GORMAN HIGH SCHOOL VILLAGE MT EDGE HOSPITAL 57,000 AADT 57,000 BUFFALO DR BUFFALO

EVORA HARRY REID MIXED USE

S HAULAPAI WAY S GRAND CANYON DR RESEARCH PARK DEVELOPMENT EST 2021

S FORT APACHE RD | 10,000 AADT

SO HILLS FUTURE LONGFORD SHOPPES HOSPITAL THE BEND ON/OFF DEVEL. RAMP W SUNSET RD FUTURE

ON/OFF ON/OFF RAMP RAMP FUTURE CREDIT 1 FUTURE UNCOMMONS BANK HQ CASINO DEVEL. FUTURE OFFICE BLDG SITE EST FALL 2021

Avison Young | Offering Memorandum Page 8 NNN Leased Investment 6048 South Durango Drive Hospitals in the Las Vegas Valley Las Vegas, NV 89113

DURANGO VILLAGE

Avison Young | Offering Memorandum Page 9 NNN Leased Investment CLARK COUNTY IS ONE OF THE TOP RESORT AND CONVENTION DES6048TIN SouthATION SDurango Drive Las Vegas, Nevada IN THE WORLD, attrating over 4 iion tourists eah ear to itsLas oVegas,ras NVs 89113 entertainent an hositait, seni asinos, fine restaurants an an arra o shoing venues he ount is hoe to the oraous Las Vegas Stri, site o 1 o the nations 0 argest hotes Clark County is one of the top resort and convention destinations in the world, attracting over 42 million tourists each years to N itsev world-classaas ost ouous ount, ar ount is the states ongstaning entertainment and hospitality, splendid casinos, fine eonoirestaurants en andgine an hie the resort an gaing inustr reains the ainsta o array of shopping venues. The County is home to thet world-famoushe ounts e Lason o, efforts to iversi the oa eono have resute in the Vegas Strip, site of 17 of the nation’s 20 largest hotels. eveoent o retai an hoesae trae, onstrution, transortation, heath servies, finance, insurane an rea estate eoent, as e as oortunities in As Nevada’s most populous county, Clark County is thehig state’sh tehnoo long- g standing economic engine. While the resort and gaming industry remains the mainstay of the County’s economy, efforts to diversify the local economy have resulted in the development of retail and wholesale trade, construction, transportation, health services, finance, insurance and real estate employment, as well as opportunities in high technology.

883,427 7,787 51 201 COLLEGE-EDUCATED AVERAGE HOUSEHOLD UNEMPLOYMENT RATE ADULT POPULATION INCOME 2,266,7152,257,80 37 328,142 72,501 POPULATION MEDIAN AGE AVERAGE PROPERTY VALUE NUMBER OF EMPLOYERS

Avison Young | Offering Memorandum Page 10 NNN Leased Investment 6048 South Durango Drive McCarran International Airport Las Vegas, NV 89113

2 4 51.5M 27th Passenger Terminals Runways Passengers Busiest Airport in the (Terminal 1 and 3) in 2019 World by Passenger Traffic

The airport was built in 1942 and opened to airline flights in 1948. It has expanded since then and has employed various innovative technologies, such as common- use facilities. The airport has four runways and two passenger terminals. East of the passenger terminals is the Marnell Air Cargo Center, and on the west side of the airport are fixed-base operators and helicopter companies.

The airport has nonstop air service to North America, Asia and Europe. It is the operating hub for Allegiant Airlines and crew and maintenance base for Southwest Airlines and Spirit Airlines.

The 8th Busiest Airport in the United States

Avison Young | Offering Memorandum Page 11 NNN Leased Investment 6048 South Durango Drive Las Vegas Development Las Vegas, NV 89113

NHL Team

LVCC Expansion The Vegas Golden Knights opened their inaugural season on October 10, 2017 at Las Vegas Convention Center is currently the T-Mobile Arena and the entire city has undergoing a $2.5 billion, 600,000 square foot been rallying behind these golden boys expansion to absorb excess demand. ever since.

Mandalay Bay Convention Center

$1 Billion Public Works Project Recently underwent a 350,000 square foot expansion and is now the 5th Project Neon is the largest and most expensive public largest convention center in North works project ever in the state of Nevada. The project America. widens Interstate 15 from the U.S. 95 interchange to . The improvements to the busiest stretch of road in Nevada were completed the summer of 2019 20,000 Seats

The T-Mobile Arena opened April 6, 2016 and seats 20,000 for sporting events, concerts and award shows. The Park, which is just adjacent to the T-Mobile is The Las Vegas Raiders Las Vegas' newest entertainment spot. Ground was broken on November 14, 2017 for the 1.9 billion 65,000 seat, domed stadium that is the new home of the Las Vegas Raiders in 2020 and the UNLV football team. The Raiders are Brightline West scheduled to begin playing its home games at the Las Vegas Stadium as the Las Vegas Raiders Brightline West is a high-speed rail line for the 2020 National Football League (NFL) to shuttle tourists and conventioneers season. A practice facility was built for the team between southern California and in Henderson. the hotels and casinos of Las Vegas. Groundbreaking expected to occur as early as Spring 2021.

Avison Young | Offering Memorandum Page 12 NNN Leased Investment 6048 South Durango Drive Las Vegas Development Las Vegas, NV 89113

The Boring Company Dream Las Vegas Elon Musk’s Boring Company is creating tunnels underneath the Las Vegas Convention Center, at The 21-story Dream Las Vegas will have a cost of $52.5 million, to build a “people-mover” more than 400 chic & stylish rooms, a system to shuttle visitors from one side of the casino, dining, nightlife, meeting space venue to the other. and a rooftop pool. The resort is set to open in 2023. The people-mover, which is being formally called the Convention Center Loop, is scheduled to open in February 2021.

Resorts World Las Vegas MSG SPHERE Genting Group's new project, otherwise known Madison Square Garden’s MSG Sphere, currently as Resorts World Las Vegas, is located on 87 under construction, will be a 360-feet-tall and acres of the former Echelon site. The Asian- 500-feet-wide concert venue slated to be built themed resort will cost approximately $4 billion by 2023 on land east of the Sands Expo Center. to construct, and consist of 3,500 guest rooms, The venue’s exterior will be fully programmable, convention space, retail and restaurants. housing a 170,000-square-foot spherica digital Opening is estimated to be in summer of 2021. indoor display plane.

Union Village Google Data Center Union Village, in Henderson, has been dubbed Henderson is slated to be home to a new Google the first integrated healthcare village in the data center in December 2020. The company is world at $1.2 billion. It is a 130 acre village building the center on 64 acres and is projected that includes Henderson Hospital, multi-family to bring in more than $94.3 million in tax and generational housing, medical office, gym, revenue to Nevada. restaurants and retail.

Avison Young | Offering Memorandum Page 13 NNN Leased Investment 6048 South Durango Drive Who’s Moving to Nevada Las Vegas, NV 89113

HAAS AUTOMATION SWITCH APPLE AMAZON TESLA

Haas Automation As one of Switch Founded in 2000 and Apple As part of the company’s Amazon With significant and Tesla broke ground on the the largest machine tool build- headquartered in Las Vegas, $350 billion commitment to sup- growing presence in both Reno Gigafactory in June 2014 ers in the world, the innova- Nevada, Switch is built on the port the U.S. economy and its and North Las Vegas, (the latest outside Sparks, Nevada. tive manufacturing company intelligent and sustainable workforce, Apple recently com- addition is an 850,000 sf fulfill- The Gigafactory is being is expanding it’s operations to growth of the Internet. Its pleted construction on the com- ment center).Amazon employs built in phases so that Tes- Southern Nevada. Haas auto- Founder and CEO, Rob Roy, de- pany’s downtown warehouse, in more than 3,000 employees la can begin manufactur- mation plans to bring a multi- veloped more than 500 issued addition to completing the east at their Silver State facilities. ing immediately and con- phase development to west and pending patent claims cov- campus at its Northern Neva- Amazon has invested millions tinue to expand. Already, Henderson. The new facility ering data center designs that da Data Center in Sparks. The of dollars into its local fulfill- the current structure has a will include more than 2.3 mil- manifested into their world-re- company also announced plans ment center infrastructure footprint of more than 1.9 lion square feet of warehouse nowned data centers and their for new construction for a west and through compensation to million square feet. Once and manufacturing space, of- technology solution ecosys- campus at the data center, as thousands of employees in the complete, Tesla expects the fices, and showroom space tems. Switch is the recognized well as partnering on expanding state. Amazon’s investments in Gigafactory to be the big- for the company. It is estimat- world leader in data center a solar power project for the re- Nevada contributed an addi- gest building in the world ed that this development will design, development and mis- gion. These expansions, accord- tional $50 million into Nevada’s – and entirely powered by bring more than 4,000 jobs to sion-critical operations. ing to a statement provided to economy from 2011 through renewable energy sources. Southern Nevada. the NNBV, will increase the data 2016, and it estimates its in- center’s footprint to 1.2 million vestments in the state have square feet. created an additional 1,300 in- direct jobs on top of the com- pany’s direct hires.

Avison Young | Offering Memorandum Page 14 BARTON HYDE Principal - Office o: 702 475 7546 c: 702 338 4933 [email protected] NV #S.0041080

Durango Village

6048 SOUTH DURANGO DRIVE LAS VEGAS, NV 89113

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