Tropicana Nellis Shopping Center E Tropicana Ave 4900-4970 , 89121

NWC Tropicana Ave & Nellis Blvd

FOR SALE 84,208 SF Shopping Center

CONTACT: Dan Adamson 702.550.4934 | [email protected]

9121 W Russell Rd Suite 111 Las Vegas, NV 89148 (P) 702.363.3100 | (F) 702.363.0450 |www.roicre.com

The informaon contained herein was obtained from sources believed reliable. However, R.O.I. Commercial Real Estate, Inc. makes no guaranes, warranes, or representaons as to the completeness or accuracy thereof. The presentaon of this informaon submied is subject to errors, omissions, and/or changes without noce.

4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Disclaimer

R.O.I. Commercial Real Estate, Inc. has been retained as exclusive advisor to the Seller for the sale of Tropicana Nellis Shopping Center (the “Property”), approximately 84,208 square feet on approximately 5.88 acres of land at 4900‐4970 E Tropicana Ave, Las Vegas, NV 89121. This Offering Memorandum has been prepared by R.O.I. Commercial Real Estate, Inc. for use by a limited number of pares and does not purport to provide a necessarily complete summary of the Property or any of the documents related thereto, nor does it purport to be all‐inclusive or to contain all of the informaon which prospecve investors may need or desire. All projecons have been developed by R.O.I. Commercial Real Estate, Inc., the Owner, and designated sources and are based upon assumpons relang to the general economy, compeon, and other factors beyond the control of the Owner and R.O.I. Commercial Real Estate, Inc., therefore, are subject to variaon. No representaon is made by R.O.I. Commercial Real Estate, Inc. or Owner as to the accuracy or completeness of the informaon contained herein, and noth‐ ing contained herein is, or shall be relied on as, a promise or representaon as to the future performance of the Property. Although the informaon contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospecve purchasers to exercise independent due diligence in verifying all such informaon. Further, R.O.I. Commercial Real Estate, Inc., Owner, and its employees disclaim any and all liability for representaons and warranes, expressed and implied, contained in, and omied from, this Offering Memorandum or any other wrien or oral communicaon transmied or made available to the recipient. This Offering Memorandum does not constute a representaon that there has been no change in the business or affairs of the Property or the Owner since the date of preparaon of the package. Analysis and verificaon of the informaon contained in this package is solely the responsibility of the prospecve purchaser. Addional informaon and an opportunity to inspect the Property will be made available upon wrien request to interested and qualified prospecve investors. Owner and R.O.I. Commercial Real Estate, Inc. each expressly reserve the right, at their sole discreon, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any enty at any me with or without noce. Owner shall have no legal commitment or obligaon to any enty reviewing this Offering Memorandum or making an offer to purchase the Property unless and unl a wrien agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any condions to Owner’s obligaons thereunder have been sasfied or waived. R.O.I. Commercial Real Estate, Inc. is not authorized to make any representaons or agreements on behalf of Owner. This Offering Memorandum and the contents, except such informaon which is a maer of public record or is provided in sources available to the public (such contents as so limited herein are called the “Contents”), are of a confidenal nature. By accepng the package, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the package or any of the contents to any other enty (except to outside advisors retained by you, if necessary, for your determinaon of whether or not to make a proposal and from whom you have obtained an agreement of confidenality) without the prior wrien authorizaon of Owner or R.O.I. Commercial Real Estate, Inc., (iv) not use the package or any of the contents in any fashion or manner detrimental to the interest of Owner or R.O.I. Commercial Real Estate, Inc., and (v) to return it to R.O.I. Commercial Real Estate, Inc. immediately upon request of R.O.I. Commercial Real Estate, Inc. or Owner. The informaon contained herein has been obtained from the owner of the property or from other sources we deem reliable. We have no reason to doubt its accuracy, but do not guarantee it.

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4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Property 1 Information R.O.I. Commercial Real Estate, Inc. has been selected as the exclusive broker for the sale of this 84,208 Sq. Ft. property located at the northwest corner of Tropicana Ave & Nellis Blvd in Las Vegas, Nevada.

ADDRESS 4900-4970 E Tropicana Ave, Las Vegas, NV 89121

APN 161-20-801-007

BUILDING SIZE 84,208 SF

LAND AREA 5.88 Acres

ZONING General Commercial (C-2)

TRAFFIC Tropicana Ave - 28,000 AADT COUNTS Nellis Blvd - 9,400 AADT Source: 2015 NV DOT

DESCRIPTION  Retail center is anchored by 99 Cents Only, O’Reilly Auto Parts, Nevada Sate Bank, and Rent-A-Center  150,262 residents in a 3 mile radius

1 Mile 3 Mile 5 Mile

Population 26,060 150,262 403,020 Ave HH Income $51,590 $56,264 $57,113

Households 8,842 61,430 149,492

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4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Investment 2 Summary

BUILDING SIZE 84,208 SF LAND AREA 5.88 Acres YEAR BUILT 1980 OCCUPANCY 87.7%

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4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Property 3 Site Plan

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4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Site 4 Aerial

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roicre.com roicre.com Page 7 Page /19 End End Lease 1/31/21 E Tropicana Ave Ave E Tropicana 89121 Nevada Vegas, Las 1 1 6/30/21 Start Lease

4900-4970 Rent Rent SF 5,250 5,250 - $ 1,440 $ - 84,208 84,208 $ 53,425.78 Tenant Name Future Tenant Tenant Future Tenant Future

E Nevada Sate Bank 5,000 $ 6,156.25 11/01/80 10/31/20 B B Stores Only 99 Cents 40,000 $ 15,446.53 11/01/80 12/31/20 A O’Reilly Auto Parts 8,050 $ 7,245.00 12/01/12 12/31/22 G Watermill Express Inc - $ 800.00 10/01/94 09/30/19 D Rent-A-Center 4,000 $ 3,700.00 08/01/05 07/31/17 F1 F2 Hollywood Furniture US Dental 2,400 $ 2,040.00 2,820 $ 2,820.00 04/15/12 04/01/01 06/30/17 06/30/21 Unit Unit C13 C13 C14 C15 Insurance Auto Rate Best C16 Security Finance 1,152 1,267.20 $ 1,650 $ 1,650.00 07/01/03 04/30 08/27/99 10/31/17 C09 C10 Tom’s Smoke Shop C11 Boost Mobile C12 El Gran Taco Nails & Hair Miracles Tran Kim 2,040 1,296 $ 1,425.60 1,632.00 $ 1,152 1,440 $ 1,036.80 $ 04/01/0 1,512.00 04/16/12 10/09/13 08/31/17 03/01/00 01/31/17 04/30/20 C23 Merry Maids 1,728 $ 1,555.20 03/01/01 06/30/16 C19 C19 C21 Co. Laundry PWS Viva El Salvador Restaurant 2,462 2,328 $ 2,462.00 2,677.20 $ 08/01/12 09/01/06 0 08/31/21 TOTAL TOTAL Tropicana Nellis Shopping Shopping Nellis Tropicana Roll Rent

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4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Competitive Rental 6 Comparables

Address Year Total Asking Rate Asking Rate Occupancy Built Center Inline Anchor Rate Bldg Size

BFT Plaza 1 3726-3790 E Flamingo Rd. 1978-1979 90,732 SF $0.60-$0.80 $0.58 64% Las Vegas, NV 89121

Plaza Desert Inn 2 3720 E Desert Inn Rd 1985 61,000 SF $0.90-$1.10 N/A 97% Las Vegas, NV 89121

Renaissance III 3 3330 E Flamingo Rd 1987 225,639 SF $1.25 $0.75 97% Las Vegas, NV 89121

Tropicana Plaza 4 3730 E Tropicana Ave 1975 116,300 $0.75-$1.10 $0.60 69% Las Vegas, NV 89121

Pecos Center 5 7840 W. Lake Mead Blvd 1980 22,146 $0.99 N/A 82% Las Vegas, NV 89128

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Competitive 7 Rental Map

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4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Anchor Rental 8 Comparables

Name/location Size (SF) Year Built Rental Rate

K-MART 1 2975 E. Sahara Ave 96,740 1969 $0.43

Q Mall Indoor Swap Meet 2 4440 E Tropicana Ave 49,336 1979 $0.36

Walmart 3 3075 E Tropicana Ave 120,636 1991 $0.35

Sams Club 4 5101 S Pecos Rd 133,764 1991 $0.37

Conn’s Appliances 5 3785 E Tropicana Ave 50,150 1991 $0.52

Sprouts 6 3365 E Tropicana Ave 40,020 1978 $0.50

7 El Super 4624 W Sahara Ave 50,611 1989 $0.60

8 Open Box Buy 30,902 2001 $0.55

Former Smith’s 9 6150 W Flamingo Rd 48,551 1986 $0.55

10 Former Food-4-Less 57,299 2003 $0.67

11 Former Food-4-Less 47,716 1993 $0.67

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Anchor Rental 9 Comparables

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4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Improved Sales 10 Comparables

Address Year Built Bldg. Area Sales Price $/sf SF

1 Sahara Rainbow Center 2550 S. Rainbow Blvd 1988 40,682 $4,600,000 $113.07

Sunrise City Plaza 2 1797 & 2837 S Maryland Pkwy 1973-1974 75,999 $7,087,500 $93.26

3 Decatur Twain Shopping Center 3650 S. Decatur Blvd 1987 50,307 $6,342,654 $138.15

4 Cheyenne Plaza 6000 W Cheyenne Ave 1982 71,800 $4,373,200 $88.24

Spanish Oaks Shopping Center 5 3540-.3630 W Sahara Ave 1978 34,850 $5,700,000 $125.57

Stewart Square 6 235 N Eastern Ave 1973 39,575 $2,450,000 $144.03

Azra Shopping Center 7 4440 E Washington Ave 2000 30,441 $2,450,000 80.48

8 Sahara Pavilion South 2500-2650 S Decatur Blvd 1990-1991 160,842 $20,500,000 127.45

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Improved Sales 11 Comparables

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4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Tenant 12 Profiles

99 Cents Only Stores is a premier deep-discount retailer that primarily carries name-brand consumable and general merchandise. With more than 350 stores in four states and two distribution centers in and , 99 Cents Only Stores became the leading extreme value retail chain in the Western .

Founded in 1986 ,our stores offer name-brand furniture, electronics, appliances and computers through flexible rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. With more than 4,285 stores though The United States, Canada, Mexico and Puerto Rico

O’Reilly Automotive, Inc. is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States serving both the professional service providers and do-it-yourself customers. Founded in 1957 by the O’Reilly family, the company operates more than 4,500 stores in 44 states

Established in Las Vegas in 1959, Nevada State Bank has 49 branches in 20 communities across the state, and employs more than 800 people. It offers a complete range of consumer, business and private banking ser- vices

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