OFFERING RUSSELL SQUARE - SHOPS A MEMORANDUM NWC Russell Rd & Fort Apache Rd Las Vegas, NV 89148

Dan Adamson Edward Lehnardt CONTACT US (P) 702.550.4934 (P) 702.550.4169 [email protected] [email protected] Lic # B.0026992.CORP Lic # S.0180688 INVESTMENT SUMMARY 3

SITE PLAN 4

TENANT PROFILE 5

RENT ROLL 6

PROFORMA 7

SITE AERIAL 8

LAS VEGAS MARKET BRIEF 10

SALE COMPS 11

AREA DEMOGRAPHICS 12

DISCLAIMER 13

TABLE OF CONTENTS

ROI COMMERCIAL REAL ESTATE 2 Purchase Price $4,347,368 CAP Rate 5.7%

NOI $247,800 GLA 6,500 SF

Land Area 30,628 SF Occupancy 100% APN 163-30-818-006 Tenants Ponce Dental Twisted Egg Sun State Towers (Verizon) Description • Newly constructed 6,500 SF retail shop space in a planned Albertsons development • The site is strategically located along the retail & food corridor at Fort Apache Rd and Russell with over 50,000 cars per day driving by • The property is surrounded by existing and newly constructed apartment and single family residences • Close proximity to I-215 • The trade are has a mix of high and medium average household income demographics and serves the master planned communities of South Summerlin, Rhodes Ranch, Nevada Trails, and The Summit at Discovery Land • Close proximity to Southern Hills Hospital, Ikea, Wet N INVESTMENT Wild, Bishop Gorman High School and St Rose Hospital SUMMARY

ROI COMMERCIAL REAL ESTATE 3 TENANT NAME UNIT # SQ. FT. Twisted Egg 101 - 102 2,500 Ponce Dental 103 - 105 4,000 Sun State Towers (Verizon) Cell Tower

SITE PLAN

ROI COMMERCIAL REAL ESTATE 4 PONCE DENTAL Monica Ponce has been in practice as a DDS MAGD for over 14 years and built a strong practice with six locaitons serving the residents in Clark County. Dr. Ponce is again delivering high quality professional dental services at her new location at Russell & Ft. Apache

TWISTED EGG From the successful founding and operation of nine Zaba’s Mexican Grill, a popular local Mexican style eatery, Douglas Bolle is moving his skills and passion for quality delicioud food into the breakfast arena. This will be his first Vegas Eatery for breakfast.

SUN STATE TOWERS (VERIZON) This well established wireless company services the Southwest United States with celluar tower service by multiple providers. The cell tower at Russell & Fort Apache will supply Verizon customers and help improve the communication experience.

TENANT PROFILE

ROI COMMERCIAL REAL ESTATE 5 TENANT NAME BLDG UNIT # SQ. FT LEASE START LEASE EXPIRE RENT MONTHLY RENT ANNUAL RENT $/SF RENEWAL INCREASE RENEWAL OPTIONS Twisted Egg A 101 2,500 12/01/19 04/28/30 $7,250.00 $87,000.00 $2.90 12% every 5 years 2 - 5 Year Ponce Dental A 102 4,000 12/01/19 04/28/30 $12,200.00 $146,400.00 $3.05 3% annually 2 - 5 Year Sun State Towers 1,200.00 $14,400.00 2% annually 8 - 5 Year (Verizon)

Total RSF 6,500 $19,450 $247,800 TOTALS Total occupied RSF 6,500 100.000%

RENT ROLL

ROI COMMERCIAL REAL ESTATE 6 10 YEAR PROFORMA SUITE CURRENT TENANT RENT START SF % OF CEN- RENT $PSF/ RENT $ PSF/ DATE TER MO. YR 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

101 TWISTED EGG 5/1/2020 2,500 38% $2.90 $34.80 $58,000 $87,000 $87,000 $87,000 $87,000 $93,960 $97,440 $97,440 $97,440 $97,440 $105,235

102 PONCE DENTAL 5/1/2020 4,000 62% $3.05 $36.60 $97,600 $149,328 $153,808 $158,446 $163,187 $168,070 $173,112 $178,305 $183,655 $189,164 $194,839

SUN STATE TOWERS 5/1/2020 $9,600 $14,592 $14,884 $15,182 $15,485 $15,795 $16,111 $16,433 $16,762 $17,097 $17,438.76

TOTAL 6,500 100% $165,200 $250,920 $255,692 $260,628 $265,672 $277,825 $286,663 $292,178 $297,856 $303,701 $317,513

NOI $165,200 $250,920 $255,692 $260,628 $265,672 $277,825 $286,663 $292,178 $297,856 $303,701 $317,513

OPTION PERIOD RENT ESCALATIONS

PROFORMA

ROI COMMERCIAL REAL ESTATE 7 SITE AERIAL

ROI COMMERCIAL REAL ESTATE 8 HOUSING DEVELOPMENTS SITE AERIAL

ROI COMMERCIAL REAL ESTATE 9 Located in southern Nevada’s Clark County, Las Vegas is a vibrant, unique city that SPORTS, ENTERTAINMENT • $1.9B Raiders Stadium continues to offer world class residential CONVENTION • Approximately 22,000 meetings, developments, business opportunities, conventions and trade shows annually • $1.4B in expansion and improvements for entertainment and dining locals, convention the Las Vegas Convention Center opportunities, and a mild climate that • $550M Monte Carlo improvements promotes a great quality of life for the 2 • Resorts World, The Drew, Circa, MSG Sphere, million+ Clark County residents, and over 42 Wynn purchase of Alon site (38 acres) million visitors. Las Vegas is home to the • $28.7M UNLV Football complex NHL’s Golden Knights, WNBA’s Las Vegas • Others investing in Las Vegas: Blackstone, Aces, USL’s (Pro soccer) Las Vegas Lights FC Amazon, Lennar Homes and the NFL’s Las Vegas Raiders. • Over 7,700 businesses small businesses The favorable business environment and JOBS & ECONOMY have opened since 2017 convenient location in the southwestern • Amazon, Sephora, Haas Automation, Mopro, United States makes Las Vegas an TH Foods, Air Liquide and other companies increasingly desirable place for business are expanding in Las Vegas valley including health care, education, technology, • Apex Industrial park expansion logistics, research and development, • $57M expansion of Hwy 93 to Apex retail and more. Las Vegas is also • No tax on personal income, corporate conveniently located near world class income, inheritance, gift or estate outdoor destinations including Vegas Motor Speedway, over 30 golf courses and state and National parks such as Red Rock Canyon, Kyle Canyon, Lake Las Vegas and POPULATION & QUALITY • 17+ master-planned communities spanning Lake Mead. OF LIFE over 20,000 acres • 51+ million travelers made McCarran Airport the 8th busiest airport in the US • Clark County population close to 2.3 million and ranked fourth nationally for percent population gain • Nevada is ranked in the top 15 Best Run States by Ameritrade • 110+ Public parks, 30+ Golf courses, 80+ miles of trails LAS VEGAS • World class shows and entertainment venues MARKET BRIEF • Within driving distance to Los Angeles, San Diego, Phoenix, Salt Lake City

ROI COMMERCIAL REAL ESTATE 10 ADDRESS S Q. F T. SALE PRICE CAP RATE SALE DATE SUBJECT: 9440 W RUSSELL RD 5,186 $3,235,000 5.7% 1 1620 E. CRAIG RD 7,664 $2,115,000 5.74% 8/2/2019 2 3355 NOVAT ST. 3,344 $5,000,000 6.07% 2/13/2018

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SALES COMPS

ROI COMMERCIAL REAL ESTATE 11 23,487 19,458 311,078

9,176 49,777 129,083

$68,906 $79,448 $83,732

Source: SitesUSA 2019

TRAFFIC COUNTS Russell Rd - 30,000 VPD Fort Apache Rd - 23,500 VPD Source: ESRI 2019

ACCESSIBLE & CONNECTED CC-215 FREEWAY LOCATED HALF A MILE EAST OF THE PROPERTY HIGH TRAFFIC INTERSECTION COMBINED TRAFFIC COUNT OF OVER 56,000 VPD Drive Time Map Legend 5 minutes 10 minutes 15 minutes AREA DEMOGRAPHICS

ROI COMMERCIAL REAL ESTATE 12 R.O.I. Commercial Real Estate, Inc. has been Further, R.O.I. Commercial Real Estate, Inc., Owner, or waived. R.O.I. Commercial Real Estate, Inc. is retained as exclusive advisor to the Seller of Russell and its employees disclaim any and all liability not authorized to make any representations or Square Shops A located at the NWC of Russell Rd & for representations and warranties, expressed agreements on behalf of Owner. Fort Apache RD Las Vegas, NV 89148. and implied, contained in, and omitted from, this Offering Memorandum or any other written or oral This Offering Memorandum and the contents, This Offering Memorandum has been prepared communication transmitted or made available to except such information which is a matter of by R.O.I. Commercial Real Estate, Inc. for use by the recipient. This Offering Memorandum does public record or is provided in sources available a limited number of parties and does not purport not constitute a representation that there has to the public (such contents as so limited herein to provide a necessarily complete summary of the been no change in the business or affairs of the are called the “Contents”), are of a confidential Property or any of the documents related thereto, Property or the Owner since the date of preparation nature. By accepting the package, you agree (i) to nor does it purport to be all-inclusive or to contain of the package. Analysis and verification of the hold and treat it in the strictest confidence, (ii) not all of the information which prospective investors information contained in this package is solely to photocopy or duplicate it, (iii) not to disclose may need or desire. All projections have been the responsibility of the prospective purchaser. the package or any of the contents to any other developed by R.O.I. Commercial Real Estate, Inc., Additional information and an opportunity to inspect entity (except to outside advisors retained by you, the Owner, and designated sources and are based the Property will be made available upon written if necessary, for your determination of whether or upon assumptions relating to the general economy, request to interested and qualified prospective not to make a proposal and from whom you have competition, and other factors beyond the control of investors. obtained an agreement of confidentiality) without the Owner and R.O.I. Commercial Real Estate, Inc., the prior written authorization of Owner or R.O.I. therefore, are subject to variation. No representation Owner and R.O.I. Commercial Real Estate, Inc. Commercial Real Estate, Inc., (iv) not use the is made by R.O.I. Commercial Real Estate, Inc. or each expressly reserve the right, at their sole package or any of the contents in any fashion or Owner as to the accuracy or completeness of the discretion, to reject any and all expressions of manner detrimental to the interest of Owner or R.O.I. information contained herein, and nothing contained interest or offers regarding the Property and/or Commercial Real Estate, Inc., and (v) to return it herein is, or shall be relied on as, a promise or terminate discussions with any entity at any time to R.O.I. Commercial Real Estate, Inc. immediately representation as to the future performance of the with or without notice. Owner shall have no legal upon request of R.O.I. Commercial Real Estate, Inc. Property. Although the information contained herein commitment or obligation to any entity reviewing or Owner. The information contained herein has is believed to be correct, Owner and its employees this Offering Memorandum or making an offer to been obtained from the owner of the property or disclaim any responsibility for inaccuracies purchase the Property unless and until a written from other sources we deem reliable. We have no and expect prospective purchasers to exercise agreement for the purchase of the Property has reason to doubt its accuracy, but do not guarantee it. independent due diligence in verifying all such been fully executed, delivered, and approved by information. Owner and its legal counsel, and any conditions to Owner’s obligations thereunder have been satisfied

DISCLAIMER

ROI COMMERCIAL REAL ESTATE 13