WIENERSCHNITZEL REAL ESTATE and FRANCHISE SINGLE TENANT DRIVE-THRU Contacts 4680 E
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CommercialSun Real Estate, Inc. WIENERSCHNITZEL REAL ESTATE AND FRANCHISE SINGLE TENANT DRIVE-THRU CONTACTS 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 Roy Fritz Paul Chaffee Cathy Jones, CPA, SIOR, CCIM Senior Vice President Senior Vice President CEO 702-968-7322 702-968-7308 702-968-7320 [email protected] [email protected] [email protected] Jessica Cegavske Taylor Vasquez Vice President Associate 702-968-7321 702-968-7316 [email protected] [email protected] Sun Commercial Real Estate, Inc. 6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 702 | 968 | 7300 Ph • 702 | 968 | 7301 Fax www.SunCommercialRE.com CONFIDENTIALITY & DISCLOSURE 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 SUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described herein (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed information (the “Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Cathy Jones, CPA, SIOR, CCIM CEO [email protected] TABLE OF CONTENTS 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 Property Overview Section 1 Investment Highlights Property Summary Tenant Overview Property Photos Surrounding Aerial Map Location Overview Section 2 Assessor Parcel Map Las Vegas Valley Location Map Market Overview Section 3 Las Vegas Retail Market Review East Las Vegas Submarket Review Area Demographics Las Vegas Valley Overview Section 4 INVESTMENT HIGHLIGHTS 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 THE OFFERING Sun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase the single tenant 2,640 SF drive-thru Wienerschnitzel located at 4680 East Flamingo Road, Las Vegas, Nevada. The property is shadow anchored by DD’s Discounts and Big Lots. This property is being offered inclusive of the real estate, franchise, equipment, management, free and clear of debt and below replacement cost. INVESTMENT HIGHLIGHTS • Unique Opportunity to Purchase Franchise and Real Estate – Offering includes the Real Estate, Franchise, Equipment with Certified Managers in place • Strong Location with Drive-thru inside of Anchored Shopping Center – Shadow Anchored by DD’s Discount and Big Lots with 32,000+ daily traffic count and a submarket vacancy of only 4.9% • Below Replacement Cost – Price per square foot is well below replacement cost • Strong Demographics – 187,000+ residences within a 3-mile radius and average household incomes of more than $55,000 • Offered Free and Clear – Can be purchased on an all cash basis or with historically low interest rate debt SUMMARY Asking Price: $975,000 Building SF: +/- 2,640 SF Price / SF: $369 Occupancy: 100% Year Built: 2004 Site Size: ±0.64 acres *Gross Sales 2017: $424,154 Franchise Agreement ±6.5 Years Term Remaining: (New 10 year term available upon purchase) *Past Three Years P&L’s Available with Executed Confidentialty Agreement PROPERTY SUMMARY 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 Property Location: The Property is located on East Flamingo Road, east of South Mountain Vista Street, having the civic address of 4680 East Flamingo Road, Las Vegas, Nevada. The Property is conveniently located less than 1 mile east of US-95 and less than .3 miles west of Boulder Highway, providing easy access to Las Vegas, and Henderson. The Property is shadow anchored by DD’s Discounts and Big Lots. As of 2017, there were 453,482 residents within a 5-mile radius with an average household income of $55,433. Property Description: This Property consists of a single-tenant drive-thru retail building built in 2004 and totals ± 2,640 square feet. This property has excellent street exposure on East Flamingo Road offering 134 feet of frontage and traffic counts over ±32,000 cars per day. Assessor Parcel Number: 161-17-801-016 Site Size: ± 0.64 Acres Building Size: ± 2,640 SF Zoning: (C-2) General Commercial Construction Year: 2004 Traffic Counts: On E. Flamingo Rd., E. of Mountain Vista St.: ± 32,197 CPD TENANT OVERVIEW 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 Founded by John Galardi in 1961 Six consecutive years of same-store sales increases Wienerschnitzel Corp. operates a chain 331 locations and growing (20 planned of quick service hot dog restaurants with new locations in 2018) ± 350 locations across the United States. Wienerschnitzel offers chili and corn dogs, hamburgers, sandwiches, and fries, along World’s Largest Hot Dog Franchise with soft serve ice cream cones, shakes and sundaes. The company was founded in 1961 Ranked the No. 1 Hot Dog Quick Service out of Southern California and now known as the largest hot dog chain in the world. As a private company, Wienerschnitzel has Restaurant by Entrepreneur Magazine been ranked the number one (#1) quick service restaurant in the hot dog category by Ranked No. 166 in the Franchise 500 Entrepreneur Magazine. PROPERTY PHOTOS 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 SURROUNDING AERIAL MAP 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 S. Nellis Boulevard SUBJECT PROPERTY S. Boulder Highway E. Flamingo Road ± 32,197 CPD Mountain Vista Street ASSESSOR PARCEL MAP 4680 E. FLAMINGO ROAD, LAS VEGAS, NEVADA 89121 This map is for assessment use only and does NOT represent a survey. ASSESSOR'S PARCELS - CLARK CO., NV. SEC. MAP This map is for assessment use only and does NOT represent a survey. ASSESSOR'S PARCELS - CLARK CO., NV. BOOK T21S R62E 17 S 2 SE 4 161-17-8 SEC. Michele W. Shafe - Assessor 125 124 123 122 121 MAP No liability is assumed for the accuracy of the data deliniated herein. BOOK T21S R62E 17 S8 2 SE4 4 8 4 161-17-8 Michele W. Shafe - Assessor 125 124 123 122 121 InformationNo liability is on assumed roads and for other the accuracy non-assessed of the data parcels deliniated may be herein. obtained PARCEL BOUNDARY CONDOMINIUM UNIT 001 ROAD PARCEL NUMBER 6 5 4 3 2 1 8 4 8 4 142 6 5 4 3 2 1 5 1 5 1 PARCELSUB BOUNDARY BOUNDARY CONDOMINIUMAIR SPACE PCL UNIT 001 ROADPARCEL PARCEL NUMER NUMBER 138 139 140 141 121110987 fromInformation the Road on Document roads and other Listing non-assessed in the Assessor's parcels Office. may be obtained 001 5 1 SUBPM/LD BOUNDARY BOUNDARY 138 139 140 141 142 121110987 1 5 from the Road Document Listing in the Assessor's Office. AIR SPACE PCL 001 1.00PARCELACREAGE NUMER 18 17 16 15 1314 RIGHT OF WAY PCL 158 6 2 6 2 PM/LDROAD BOUNDARY EASEMENT 161162 160159 18 17 16 15 1314 1.00 ACREAGE 163 19 23222120 24 RIGHT OF WAY PCL 158 6 2 6 2 This map is compiled from official records, including surveys and deeds, ROAD EASEMENT SUB-SURFACE PCL PARCEL SUB/SEQ NUMBER 161162 160159 MATCH / LEADER LINE 202 163 19 23222120 24 30 29 28 27 26 25 This map is compiled from official records, including surveys and deeds, SUB-SURFACE PCL PARCEL SUB/SEQ NUMBER 181 7 3 7 3 but only contains the information required for assessment. See the MATCHHISTORIC / LEADER LOT LINE LINE 202PB 24-45 PLAT RECORDING NUMBER 176 177 178 179180 NOTES 181 30 29 28 27 26 25 7 3 7 3 recordedbut only contains documents the forinformation more detailed required legal for information. assessment. See the HISTORIC LOT LINE PB 24-45 PLAT RECORDING NUMBER 176 177 178 179180 31 3635343332 NOTES HISTORIC SUB BOUNDARY BLOCK NUMBER 31 3635343332 8 4 recorded documents for more detailed legal information.