Frontage on Las Vegas Blvd. Opportunity Zone Gateway
FRONTAGE ON LAS VEGAS BLVD.
S. LAS VEGAS BLVD. OPPORTUNITY ZONE Las Vegas, NV 89104 GATEWAY DISTRICT
$125MM City of Las Vegas Improvement Project
S. Las Vegas Blvd. // 36,000 CPD 2 2 1 0 S. LAS VEGAS BLVD. Las Vegas, NV 89104
Contents
1 Executive Summary
5 Aerials & Plans
12 Market Overview
Investment Team
LOGIC Commercial Real Estate GINO VINCENT, CCIM KELLI NAZIRI 3900 W. Hualapai Way, Ste. 200 Senior Vice President Team Strategist Las Vegas, NV 89147 702.954.4113 702.954.4103 702.888.3500 [email protected] [email protected] www.logicCRE.com BS.0000138.LLC S.192972 S. LAS VEGAS BLVD. Las Vegas, NV 89104 01 Executive Summary Property Overview Property Details Investment Highlights
$125MM City of Las Vegas Improvement
Project S. Las Vegas Blvd. // 36,000 CPD 36,000 // Blvd. Vegas Las S. EXECUTIVE SUMMARY
S. LAS VEGAS BLVD. Las Vegas, NV 89104
Property Overview Offering Snapshot The Vincent Advisory Group of LOGIC Commercial Real Estate is pleased to present the opportunity to acquire +/-0.53 acres located between the Sahara Las Vegas and The Strat on the northern end of the famous Las Vegas Strip. The property presents a prime redevelopment or owner/user opportunity to benefit from the recent developments on $5,950,000 +/- 3,606 SF the North Strip including the $140MM Strat renovation, $100MM Sahara renovation, the Offering Price Building Size LVCVA’s $987.1MM expansion and the $4.3B Resorts World opening in 2021. Additionally, the property sits just south of the 80-foot Las Vegas Blvd. Gateway Arches at the entrance to the Arts District into Downtown Las Vegas.
The property features frontage and direct access to Las Vegas Blvd., which is currently undergoing a $125MM construction project including widening of the street, improving infrastructure and beautification of the landscaping. The property is also situated in the +/- 0.53 AC C-2 Opportunity Zone offering attractive tax incentives to developers. Land Size Zoning
The information herein was obtained from sources deemed reliable; however Logic Commercial Real 2 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. EXECUTIVE SUMMARY 3 The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate The deferral of capital of The gains deferral tax: Capital gains an rolled into Opportunity fund gain will be The temporarily deferred deferred. would be recognized on earlier the December of 31, 2026, or date the on will which be sold. investment the Capitalgains taxes reduced:step-up A basis capitalfor gainsis used TheFund. the basisfor is increased is held 10% by investment the if least and 5 years at increasedfor again an additional by held if 5% for least 7 years.at Exclusioncapital of gains tax onappreciation least 10held at if for 10 years,years:After will bethere no capital gains tax from on profits sold an if Opportunity from investment Fund. 1. 2. 3. Please consult tax your advisor further for information. The Opportunity Zone program provides tax investments incentives for inlocated specifically communities targeted through in Nevada Opportunity Funds.The tax incentives reduce capital taxes on realized these designated Opportunity into gains quickly are that reinvested Zones benefits: following the providing by Opportunity Zone Parking Spaces: Parking 38 Spaces Zoning District) Commercial C-2 (General Year Built Year 1969 Land Size +/-0.53 Acres
Building Size SF+/-3,606 2.946 SF +/- Floor: • First 660 SF • Mezzanine: +/- Parcel Number Parcel 162-04-813-075 Jurisdiction City Las of Vegas Address 2210 S. Las Blvd. Vegas Las Vegas, NV 89104 Property Details Property EXECUTIVE SUMMARY
Investment Highlights
Owner/User Or Redevelopment Opportunity Las Vegas Blvd. Frontage & Visibility The property features +/-0.53 acres zoned General Commercial The property features 150 feet of frontage on Las Vegas Blvd. with a offering a prime owner/user or redevelopment opportunity on large pylon sign creating significant visibility and exposure to passing Las Vegas Blvd. walking traffic and over 35,000 cars per day.
Path Of Growth On North Strip The property is situated between the Sahara Las Vegas and Opportunity Zone Location The Strat on the north end of the famous Las Vegas Strip. The property is situated within a qualified Opportunity Zone providing Surrounding projects include the $140MM Strat renovation, attractive tax incentives for investors. $100MM Sahara renovation, LVCVA’s $987.1MM expansion and the $4.3B Resorts World opening in 2021.
Walking Distance To Convention Center Strong Demographics The property is situated within a densely populated The site is situated less than +/-1-mile from the LVCVA’s area with a population of +/-507,000 within a 5-mile expansion onto the Strip, giving it direct access to radius. Additionally, the site is positioned to benefit from over 6.6MM (2019) attendees annually. the 42MM+ (2019) annual visitors to Las Vegas.
The information herein was obtained from sources deemed reliable; however Logic Commercial Real 4 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. S. LAS VEGAS BLVD. Las Vegas, NV 89104
05 Aerials & Plans Demographics Aerials Site Plan 1.22% 0.67% 47,426 69,752 181,410 $57,116 5-mile 5-mile 5-mile 5-mile 44,079 65,565 $19,102 115,845 $53,108 123,089 192,840 507,958 539,659 225,489 240,266 $20,533 74,611 1.32% 51,778 17,690 21,027 0.60% 18,859 55,752 3-mile 3-mile 3-mile 3-mile 97,260 22,649 69,469 90,496 $51,618 $21,861 190,919 178,786 $20,353 $55,208 4,136 4,412 2,475 3,976 6,442 6,887 2,307 1.35% 1.04% 4,369 10,418 11,256 13,733 1-mile 1-mile 1-mile 1-mile 14,686 $39,166 $82,130 $83,435 $38,529 Full Demographic Report Demographic Full 2025 Population 2025 2020 - 2010 Annual Growth Population Population 2020 Households Households Total 2020 Annual Growth 2020 - 2025 2020 Annual Growth Capita Income Per 2025 Households Total 2025 Income Household Income Average 2020 Household Income Average 2025 Capita Income Per 2020 2025 Total Housing Units Total 2025 2020 Vacant Housing Units Housing Vacant 2020 2020 Owner Occupied Housing Units 2020 Units Occupied Housing Renter 2020 Housing Housing Units Total 2020 2025 Owner Occupied Housing Units 2025 2025 Vacant Housing Units Housing Vacant 2025 2025 Renter Occupied Housing Units Occupied Housing Renter 2025 Furniture $393.35 478,720 Employees Total $194,763 Median Home Value 649,630 Daytime Population $1,880.17 Entertainment Apparel $1,358.46 $547.60 Transportation Spending facts are average annual dollars per household average are Spending facts Key Facts: 5-Mile Radius 5-Mile Facts: Key Travel $1,335.37 # of Businesses # of 0.7% Growth Population 2010-2019 507,958 Population Total 26,589 Key Spending Facts: 5-Mile Radius Facts: Spending Key $0 000 000 $500 $1,500 $1, $2, The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate
MAPS, AERIALS, & PLANS 6 MAPS, AERIALS, & PLANS 7
S. Maryland Pkwy. // 28,600 CPD Casinos Hospitals LAS VEGAS LAS
DOWNTOWN E. Desert Inn Rd. // 45,000 CPD 45,000 // Rd. Inn Desert E. COUNTRY CLUB COUNTRY
THE LAS VEGAS E. Sahara Ave. // 70,500 CPD 70,500 // Ave. Sahara E. The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate Golf Courses
SUBJECT S. Las Vegas Blvd. // 36,000 CPD 36,000 // Blvd. Vegas Las S.
Paradise Rd. // 28,100 CPD District Gateway Neighborhood Centers Neighborhood STRIP LAS VEGAS LAS OF MEDICINE UNLV SCHOOL SCHOOL UNLV Sahara Rancho Crossings Sahara MEDICAL CENTER
VALLEY HOSPITAL VALLEY S. Rancho Rd. // 21,800 CPD The Plazas CPD 326,000 // Freeway I-15 W. Charleston Blvd. // 39,500 CPD 39,500 // Blvd. Charleston W. W. Sahara Ave. // 57,500 CPD 57,500 // Ave. Sahara W. W. Oakey Blvd. // 10,600 CPD 10,600 // Blvd. Oakey W.
Sahara West Sahara S. Valley View Blvd. // 28,700 CPD Nearby Retail Nearby
S. Valley View Blvd. // 21,800 CPD W. Desert Inn Rd. // 45,000 CPD 45,000 // Rd. Inn Desert W.
S. Arville St. // 9,700 CPD Desert Crossing Sahara Pavilion South Pavilion Sahara Sahara Pavilion North Pavilion Sahara S. Decatur Blvd. // 54,000 CPD
S. Decatur Blvd. // 45,000 CPD District Gateway
S. Industrial Rd. // 15,400 CPD SUBJECT
S. Las Vegas Blvd. // 36,000 CPD
I-15 Freeway // 326,000 CPD
S. Sammy Davis Dr. // 35,000 CPD
Paradise Rd. // 12,500 CPD
E. Sahara Ave. // 70,500 CPD CPD 70,500 // Ave. Sahara E.
The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate 3-D Aerial 3-D
MAPS, AERIALS, & PLANS 8
MAPS, AERIALS, & PLANS 9
E. Sahara Ave. // 70,500 CPD CPD 70,500 // Ave. Sahara E. Paradise Rd. // 12,500 CPD CPD 12,500 // Rd. Paradise The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate
SUBJECT S. Las Vegas Blvd. // 36,000 CPD CPD 36,000 // Blvd. Vegas Las S. District
Gateway
S. Industrial Rd. // 15,400 CPD CPD 15,400 // Rd. Industrial S.
//326,000 CPD CPD //326,000 Freeway I-15 3-D Aerial 3-D S. Las Vegas Blvd. // 36,000 CPD 36,000 // Blvd. Vegas Las S.
Pylon SUBJECT
W. Cleveland Ave.
The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate Site Plan Site
MAPS, AERIALS, & PLANS 10 MAPS, AERIALS, & PLANS 11 DINING The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate ATTIC Mezzanine STORAGE STORAGE OFFICE PASS THROUGH PASS Entrance KITCHEN TO FIRST FLOOR FIRST TO OFFICE First Floor First DINING MEN’S WOMEN’S RESTROOM RESTROOM TO MEZZANINE TO COLD STORAGE
STORAGE
* Not to scale. For illustration purposes only. illustration scale. to For * Not Floor Plan Floor S. LAS VEGAS BLVD. Las Vegas, NV 89104 12 Market Overview MARKET OVERVIEW 13 EQUESTRIAN
30 LAKE MEAD PKWY MEAD LAKE
BOULDER HWY
BURKHOLDER WARM SPRINGS WARM 25
BOULDER CITY
HORIZON 35
UTAH
LAKE MEAD PKWY MEAD LAKE 8
LAS VEGAS BLVD VEGAS LAS
GIBSON
OWENS
STEWART BONANZA 5 Henderson
CHARLESTON WASHINGTON 38
SAHARA BOULDER HWY WARM SPRINGS WARM
HORIZON RIDGE PKWY STEPHANIE
North VEGAS VALLEY ARROYO GRANDE ARROYO DESERT INN Las Vegas
LAKE MEAD
NELLIS NELLIS
FLAMINGO NELLIS
VALLE VERDE VALLE
MOUNTAIN VISTA MOUNTAIN
CRAIG PKWY VALLEY GREEN
CAREY CHEYENNE LAMB LAMB LAMB Anthem
TROPICAL SANDHILL CENTENNIAL
ALEXANDER
PECOS PECOS
PECOS
PECOS
EASTERN 28 PECOS
BOULDER HWY McCLEOD
LOSEE EASTERN
LOSEE
LAS VEGAS BLVD VEGAS LAS SUNSET PATRICK TROPICANA RUSSELL
The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information FLAMINGO HARMON EASTERN EASTERN EASTERN CIVIC CENTER CIVIC thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate LONE MOUNTAIN
FREMONT 26 6 Las Vegas DEER SPRINGS Downtown
ANN
ROBINDALE
5TH DESERT INN
SAHARA VEGAS VALLEY
MARYLAND MARYLAND
LOSEE MARYLAND
PARADISE 12 COMMERCE 14 COMMERCE 37 PEBBLE 32
24 33
34
REVERE WINDMILL
SILVERADO RANCHSILVERADO
23
CACTUS BERMUDA PARADISE BERMUDA LAS VEGAS BLVD VEGAS LAS 16 20
4 CAREY
LAKE MEAD
VEGAS DR VEGAS 36 MARTIN L KING L MARTIN 3
7
10 19 ST ROSE PKWY ROSE ST 17
1
VOLUNTEER
CLAYTON
LAS VEGAS BLVD VEGAS LAS LAS VEGAS BLVD VEGAS LAS THE STRIP THE 11 13
DEER SPRINGS SIMMONS
Aliante ALTA 15
2 CALIFORNIA 29 39 ALLEN SAHARA CHARLESTON 21 DESERT INN SUNSET
WARM SPRINGS WARM
BLUE DIAMOND BLUE CACTUS
ANN
CRAIG CHEYENNE
DECATUR DECATUR TROPICANA HACIENDA
HARMON TWAIN SPRING MOUNTAIN DECATUR RUSSELL DECATUR DECATUR DECATUR LONE MOUNTAIN
ALEXANDER
JONES
JONES JONES JONES JONES Southern Highlands
TROPICAL
LAKE MEAD
SMOKE RANCH
RAINBOW RAINBOW RAINBOW
ELKHORN GRAND TETON FARM
BUFFALO BUFFALO BUFFALO Hills 18
WINDMILL HACIENDA 9 Centennial ROBINDALE
DURANGO DURANGO
27
VEGAS DR VEGAS 22 RAMPART
40 FLAMINGO SAHARA
WARM SPRINGS WARM FORT APACHE FORT FORT APACHE FORT Airports
Hospitals LONE MOUNTAIN ALEXANDER CHEYENNE ALTA CRAIG GRAND CANYON GRAND Mountain’s Edge Mountain’s
RENO ANN CHARLESTON
PEACE WAY PEACE
TWAIN ELKHORN SPRING MOUNTAIN TROPICANA
DEER SPRINGS RUSSELL CENTENNIAL FARM
HUALAPAI SUNSET TROPICAL HUALAPAI
DESERT INN
TOWN CENTER TOWN
D
A
E GRAND TETON GRAND
M
E
K HILLS FAR A L
BLUE DIAMOND South Summerlin
Major Parks
Freeway Projects Freeway PAHRUMP
31 CHARLESTON Summerlin COST $4.3B $1.97B $1.66B $1.4B $1.2B $950MM $850MM $600MM $400MM $250MM $200MM $200MM $155MM $110.5MM $100MM $100MM $375MM $350MM $327MM $300MM $100MM $98MM $95MM $90MM $77MM $75MM $70MM $70MM $65MM $61.9MM $58.6MM $56MM $55MM $52.5MM $50MM $47.7MM $45MM $42MM $40MM $29.6MM Estimated Construction Value Construction Estimated
Allegiant Stadium (Raiders) Stadium Allegiant PROJECT NAME PROJECT Las Vegas Resorts World MSG Sphere at the Venetian at MSG Sphere Rock) Hard (former Las Vegas Hotels Virgin Interchange / CC 215 Northern Beltway I-15 Bay Mandalay to Extension Monorail Las Vegas UNLV Medical School Building UNLV Las Vegas Convention Center Expansion Center Convention Las Vegas Henderson West Center Google Data UnCommons Reconstruction Interchange and Tropicana I-15 Majestic Las Vegas Majestic Union Village Art, Museum Las Vegas of Nevada the Hughes Center at Elysian Caesars FORUM Conference Center Conference Caesars FORUM and Casino Hotel Astral Marriott Delta by Dream Hotel Dream Haas Automation Manufacturing Plant Manufacturing Haas Automation Centennial Hills Hospital Expansion Centennial AC Hotel by Marriott Marriott by Hotel AC Las Vegas Center Market World Expo at Intermountain Healthcare Performance Center Performance Healthcare Intermountain CSN Health & Sciences Building The Bend & Lamb Pecos, Losee, at CC 215 Interchanges New Luxury Apartments at Twain and Dean Martin Twain at Apartments Luxury Municipal Courthouse Las Vegas New Nevada State College Education Building College Education State Nevada Blue Diamond Widening Hampton Inn & Suites / Home2 Suites Inn & Suites Hampton Las Vegas Boulevard Repaving Boulevard Las Vegas Las Vegas Convention Center Loop Center Convention Las Vegas Tower & Casino Third Hotel Grand Downtown Park Industrial Apex Pipeline to Water Casino & Spa Renovation Hotel South Point Downtown Henderson Downtown Widening CC 215 Beltway
1 7 2 3 5 # 4 6 8 9 11 17 12 21 13 31 15 16 14 18 19 10 27 37 22 23 32 25 24 33 26 28 35 29 36 34 38 39 20 30
40 $23.4 Billion $23.4
Development Pipeline Pipeline Development Las Vegas 2020-2024 Vegas Las Southern Nevada Travel Breakdown Revenue Breakdown Occupancy Breakdown 2.3MM $10.2B 94.5% By the Numbers 2019 Southern 2019 Clark County’s 2019 Las Vegas’ Nevada population gaming revenue weekend occupancy 49.7MM $6.6B 89.5% 2019 number of enplaned/ 2019 Las Vegas Strip’s 2019 Las Vegas’ deplaned airline passengers gaming revenue Strip occupancy 69% $857MM 88.2% 2019 percentage of visitors 2019 Boulder Strip’s 2019 Las Vegas’ are Millennials and Gen Xers gaming revenue city-wide occupancy 60% $650MM 85.5% 2019 percentage of visitors 2019 Downtown’s 2019 Las Vegas’ Clark County, Nevada are traveling by plane gaming revenue midweek occupancy Clark County is the largest county in Nevada by population with jurisdiction over the world-famous Las Vegas Strip and covering an % % area the size of New Jersey. Clark is the nation’s 14th-largest county 20 $527 83.0 and provides extensive regional services to more than 2.3 million 2019 percentage of international 2019 average visitor’s 2019 Las Vegas’ citizens and more than 45.6 million visitors a year (2019). Included are travelers to Las Vegas gambling budget per trip Downtown occupancy the nation’s 9th-busiest airport, air quality compliance, social services and the state’s largest public hospital, University Medical Center. 19% 42MM 66.2% Nevada has no shortage of compelling landscapes, and Clark 2019 percentage of visitors 2019 number visitors 2019 U.S. national average County is no different. Mt. Charleston and skiing are just 45 are from Southern California come to Las Vegas hotel occupancy minutes away, and Red Rock National Conservation area beckons on the western fringe of the Las Vegas Valley. Lake Mead National Recreation Area, located 30 miles southeast of Las Vegas, caters % MM to boaters, swimmers, fishermen, hikers, wildlife photographers 16 6.5 and roadside sightseers. Meanwhile, gambling is offered in the 2019 percentage of 2019 number convention convention attending visitors delegates visit destinations of Mesquite, Primm and Laughlin, located on the sun- drenched Colorado River. Source: www.clarkcountynv.gov / Wikipedia Source: Las Vegas Convention and Visitors Authority, Research Center
The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MARKET OVERVIEW 15 #11 #47 #47 #39 #36 #43 #50 RI NJ CT DE DC MA MD ME #33 48th #6 NY #49 California NC #15 NH VA #25 PA #29 FL #4 SC #30 #44 WV #23 VT GA #32 21st OH #38 Idaho KY #24 MI AL #12 #40 TN #18 10 Best Business Tax Climates 10 Best Business Tax Climates Business Tax 10 Worst IN #10 MS #31 IL #35 WI 20th #26 Arizona LA #41 AR #46 MO #14 IA #42 MN #45 The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate OK #27 9th Utah KS www.taxfoundation.org #34 TX #13 #2 NE SD ND #16 #28 Source: Source: CO #17 Tax Climate Index Ranking By State Ranking Index Tax Climate 8th NM #22 2020 State Business Tax Climate Index Climate Business Tax 2020 State Oregon #1 WY HI #37 #5 MT #9 UT AZ #20 ID 7th #21 Nevada #7 NV #3 AK WA #19 1st #8 OR 50th 10th 20th 30th 40th CA #48 Tax Estate Personal Income Tax Tax Tax Unitary Franchise
or Gift Tax Corporate Shares Tax Inheritance What Businesses Are NOT Paying For Paying NOT Businesses Are What
Corporate on Income
Income Tax Franchise Tax In comparison, the Tax Foundation’s Tax Climate Index rankings Climate Tax In comparison, Foundation’s Tax the 48th, ranks California significant: are states neighboring our for 20th,Arizona Idaho 21st, Oregon 8th, and Utah 9th. Nevada ranks as the 7th best state in the Tax Foundation’s Foundation’s in Tax the best state as ranks Nevada 7th the Index, Climate Business an independent2020 State Tax of taxation: in five areas taxes; ranking states corporate of income taxes,individual sales taxes, unemployment residential including property, on taxes and taxes, insurance property. commercial and Nevada isNevada one most the business-friendly in West, the state companies qualifying help to incentives of variety a offering decision the make do business to Money Both and in state. the MagazinesForbes named one most the have of Silver the State country. the in business-friendly Tax Advantages Tax Nevada The information herein was obtained from sources deemed reliable; however Logic Commercial Real Real Commercial Logic however deemed reliable; sources from obtained was herein The information thereof. or accuracy the completeness as to or representation warranties no guarantees, makes Estate
MARKET OVERVIEW 15 MARKET OVERVIEW A Look at Southern Nevada
Pictured: Red Rock Canyon Pictured: Welcome to Las Vegas sign Pictured: Las Vegas Strip Pictured: Fremont Street, Downtown
Clark County City of Las Vegas The Las Vegas Strip Downtown Las Vegas With jurisdiction over the world-famous Las Las Vegas, officially the City of Las Vegas The Las Vegas Strip is a stretch of South Downtown Las Vegas (DTLV) is the central Vegas Strip and covering an area the size of and often known simply as Vegas, is the Las Vegas Blvd. in Clark County, NV that is business district and historic center of Las New Jersey, Clark is the nation’s 14th-largest 28th-most populated city in the United known for its concentration of resort hotels Vegas, NV. county and provides extensive regional States, the most populated city in the state of and casinos. It is the original town-site and was the services to more than 2.3 million citizens and Nevada, and the county seat of Clark County. The Strip is approximately 4.2 miles in length, gambling district of Las Vegas prior to more than 45.3 million visitors a year. The city anchors the Las Vegas Valley located immediately south of the Las Vegas the Strip, and the area still incorporates Included are the nation’s 9th-busiest airport, metropolitan area and is the largest city city limits in the unincorporated towns of downtown gaming. air quality compliance, social services and within the greater Mojave Desert. Paradise and Winchester. It features a variety of hotel and business the state’s largest public hospital, University Las Vegas is an internationally renowned Many of the largest hotel, casino, and resort high-rises, cultural centers, historical Medical Center. major resort city, known primarily for properties in the world are located on the buildings and government institutions, as Nevada has no shortage of compelling its gambling, shopping, fine dining, Strip. well as residential and retail developments. landscapes, and Clark County is no different. entertainment, and nightlife. Most of the Strip has also been designated Fremont Street is home to most of Mt. Charleston and skiing are just 45 minutes The Las Vegas Valley as a whole serves as an All-American Road and is considered a downtown’s hotels and casinos. away, and Red Rock National Conservation as the leading financial, commercial, and scenic route at night. area beckons on the western fringe of the cultural center for Nevada. Las Vegas Valley.
The information herein was obtained from sources deemed reliable; however Logic Commercial Real 16 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MARKET OVERVIEW A New Sports Town
The Las Vegas metropolitan area is home to many sports, most of which take place in the unincorporated communities around Las Vegas rather than in the city itself. The Las Vegas Valley has three major league professional teams: the Vegas Golden Knights of the NHL who began play in 2017 as the region’s first major pro team. The Las Vegas Aces of the WNBA became the region’s second professional team in 2018. The Oakland Raiders of the NFL will begin play in Las Vegas as the Las Vegas Raiders by 2020 and become the region’s third major professional team. Las Vegas is also home to one minor league sports team: the Las Vegas Aviators of Minor League Baseball affiliated with the Oakland Athletics. Las Vegas Lights FC is an expansion team for the United Soccer League.
Pictured: Fremont Street, Downtown
The information herein was obtained from sources deemed reliable; however Logic Commercial Real 17 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. CONFIDENTIALITY AGREEMENT 18 CONFIDENTIALITY AGREEMENT Seller and LCRE expressly reserve the right, at their sole discretion, to reject any and all any reject to their sole discretion, at right, the reserve expressly Seller and LCRE discussions with terminate to and the Property to purchase or offers interest of expressions the to purchase offer or making an Memorandum this Offering reviewing personany or entity has the Property and sale of the purchase for agreement a written unless and until Property and delivered. been fully executed this prospective to with respect rights sole and exclusive purchaser’s A prospective the or in connection with the sale of herein provided or information the Property, transaction, Agreement Purchase an executed in provided those to expressly shall be limited Property any have purchaser shall a prospective In no event thereof. the terms and shall be subject to officers, respective of their any or their affiliates of or any Seller or LCRE claims against other or causes damages, liability, any for or agents employees, owners, shareholders, Directors, the Property. or sale of or the marketing process this solicitation to relating action of of the affairs of state the represent to be deemed shall not Memorandum This Offering of affairs of has been no change in the state there that an indication or constitute Property Memorandum. this Offering since the date the Property brokerage with the investment cooperation broker proactive has a policy of LCRE closing the sales price shall be paid at of fee broker a cooperating If applicable, community. If this property. acquires that the buyer and represents procures that broker cooperating to themselves as Principals represent that include brokers does not cooperation applicable, the of in the purchase is participating family his immediate whose member of or broker’s or been contacted has previously that on a prospect will be recognized No broker property. representatives. the Seller or the Seller’s by contacted agents for Please consult listing only. appointment by All property are showings details. more This Memorandum . This Memorandum
2210 S. Blvd., Las Vegas Las Vegas, NV 89104
This Offering Memorandum contains select information pertaining to the business and pertaining select information contains Memorandum This Offering of affairs Agreement Confidentiality By acknowledging your receipt of this Offering Memorandum from LCRE,you agree: from Memorandum this Offering of receipt your By acknowledging it in the treat You will hold it and confidential; are and its contents Memorandum The Offering else disclose or permit anyone or indirectly, directly You will not, and confidence; of strictest fashion or manner detrimental in any or its contents disclose Memorandum to this Offering the Seller. of the interest to The information contained in this Offering Memorandum is confidential and furnished solely confidential is Memorandum in this Offering contained The information be used to for It is not the Property. of purchaser a prospective by the purpose a review of for Seller consent of person other without the written any to purpose or made available other any is based part upon information in The material (LCRE). Estate Real Commercial or Logic it deems sources from obtained the Seller and in part upon financial information supplied by warranty, or representation any makes or agents employees, nor their officers, Seller, reliable. or Memorandum or this Offering or completeness accuracy the or implied, as to express thereto. and no legal liability is assumed or shall be implied with respect its contents of any Information Confidential other and any in the Memorandum contained While the information or completeness. its accuracy nor Seller guarantees neither Broker be reliable, to is believed basis, a Is” Is, Where will be sold on an “As and since the Property the foregoing Due to and projections, investigations, independent its own make must purchaser prospective on this Memorandum without reliance the Property the acquisition of conclusions regarding may which Information Although additional Confidential Information. Confidential other or any parties as qualified to be provided may reports or other include engineering, environmental attorneys, their own should seek advice from purchasers prospective proceeds, marketing experts. and other engineers, environmental accountants, was prepared based on information supplied by Seller and Broker. It contains selected It contains and Broker. Seller by supplied based on information prepared was all the contain but does not market, estate and the real about the Property information The financial projections the Property. the acquisition of evaluate necessary to information only. reference for general are Information) Confidential other in any (or herein contained and local economy the general to relating based on assumptions are The projections such from materially vary may results actual Accordingly, factors. among other competition, review; your facilitate to herein summarized been have documents Various projections. or legal the terms of statement be a comprehensive to intended not these are summaries such documents. of analysis
CONFIDENTIALITY AGREEMENT 18 S. LAS VEGAS BLVD. Las Vegas, NV 89104
GINO VINCENT, CCIM Senior Vice President 702.954.4113 [email protected] CONFIDENTIALITY AGREEMENT BS.0000138.LLC
KELLI NAZIRI Team Strategist 702.954.4103 [email protected] S.192972
2020 LOGIC Commercial Real Estate. All rights reserved. This information has been obtained from sources believed reliable but has not been verified for accuracy or completeness and may be subject to errors, omissions, change of price, prior sale, or withdrawal without notice. LOGIC and its affiliates make no representation, warranty or guaranty as to accuracy of any information contained herein. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. The LOGIC logo is a service marks of LOGIC Commercial Real Estate. All other marks displayed on this document are the property of their respective owners, and this use of such logos does not imply any affiliation with or endorsement of LOGIC Commercial Real Estate. Photos, maps, and/or aerials herein are the property of their respective owners. Use of Photos, maps, and/or aerials without the expressed consent of the owner is prohibited.