1725-1745 N Nellis Blvd. , NV 89115 STANLEY PLAZA OFFERING MEMORANDUM

Phyllis Hanley Jordan Hanley B.0029985 BS.0145889 Cambridge Group Ltd. Cambridge Group Ltd. 702-335-7719 702-335-7731 [email protected] [email protected] S1725T-17A45 N NNellis BLlvd. ELas YVega s, PNV 8L9115AZA

TABLE OF CONTENTS EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS INVESTMENT OPPORTUNITY RENT ROLL 2021 EXPENSES FINANCIAL SUMMARY LOCATION & DEMOGRAPHICS RETAIL MARKET OVERVIEW

DISCLOSURE The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Cambridge Group and should not be made available to any other person or entity without the written consent of Listing Broker. This Marketing Brochure has been prepared to provide summary and select information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Cambridge Group makes no warranty or representation, with respect to income and expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, all potential buyers must take appropriate measures to verify all of the information set forth herein. PRESENTED BY Phyllis Hanley | Cambridge Group LTD B.0029985 | 702-335-7719

Jordan Hanley | Cambridge Group LTD BS.0145889 | 702-335-7731 E172X5-174E5 N CNellis UTBlvd. Las IVVegas, NEV 89 1S15 UMMARY

THE OFFERING 25,050 The Cambridge Group ltd. as Total Building Area exclusive advisors, are pleased to present the opportunity to acquire the Stanley Plaza (the Property), a 2000 25,050 square foot retail project in Year Built Las Vegas, . The shopping center is located in Clark County jurisdiction and is currently 95% ±1.9 ACRES leased. Built in 2000, the Property is Lot size situated on ±1.9 acres, providing ample parking. Many of the tenants have a long history in the shopping 14020802009 center providing an investor a stable asset with successful long- APN term occupancy. Furthermore, the diverse mix of retailers in the C-2 Clark County Stanley Plaza include restaurants, fitness and personal service users. Zoning IN1725-17V45 N ENellSis BlvTd. LaMs VegaEs, NVN 8911T5 HIGHLIGHTS

ESTABLISHED INFILL LOCATION LONG TERM STABLE TENANTS

Center is located in the Sunrise Manor area of North East Las Across the 13 tenants currently occupying the center, the Vegas. Approximately 4 miles from Nellis Air Force Base and 5.6 average length of occupancy is roughly 5 years. miles from The Freemont Street Experience.

FOOD & SERVICE TENANT MIX UPSIDE POTENTIAL THROUGH LEASE-UP

Stanley Plaza contains a diverse tenant mix consisting of The lease-up of the vacant space creates the potential for rapid restaurant, retail, and personal service businesses. revenue and value upside. IN1725-17V45 N ENellSis BlvTd. LaMs VegaEs, NVN 8911T5 OPPORTUNITY

Financial Summary

95% Leased $5,250,000.00 Price $344,349.52 NOI 6.56% Cap Rate $209 Price PSF 217250-17452 N Ne1llis BRlvd. LEas VNegas, TNV 8 91R15 OLL

2021 Rent Roll includes increases through 12/31/2021 Tenant Suite # SqFt Rent/SF/Mo Rent Income CAM Charges Mo. Sign Fee Deposit Lease Start Lease End Mariscos El Mariachi 1725 A-C 3,960 $1.38 $5,469.09 $1,514.00 $0.00 $10,000.00 08/01/2017 07/31/2022 Vacant 1725 D 1,320 Yang Un ji 1725 E 1,320 $1.50 $1,980.00 $528.00 $0.00 $2,508.00 03/01/2021 02/28/2026 Triple C Home Health 1735 A 1,250 $.90 $1,125.51 $500.00 $0.00 $1,000.00 06/01/2015 05/31/2024 J&B Auto Body Parts 1735 B 1,250 $.76 $957.10 $500.00 $50.00 $1,200.00 12/11/2015 12/31/2021 Tiffany's Salon 1735 C 1,250 $.94 $1,215.54 $500.00 $0.00 $1,160.00 09/01/2018 08/31/2024 Golden Market 1735 DE 2,500 $1.87 $4,673.66 $1,074.57 $25.00 $2,750.00 07/01/2015 06/30/2026 Tiempo Magico 1735 F 1,250 $.75 $937.50 $500.00 $0.00 $1,437.50 04/01/2021 03/31/2024 All for Health 1735 G 1,250 $1.08 $1,347.23 $500.00 $0.00 $1,612.50 06/01/2016 05/31/2022 El Zurdo Boxing 1735 HI 2,500 $.85 $2,125.00 $1,000.00 $0.00 $3,125.00 05/01/2021 04/30/2026 ISU Inc Home Health ** 1745 A 1,200 $.99 $1,191.40 $480.00 $0.00 $1,000.00 12/01/2015 11/30/2023 Fiesta Auto Insurance 1745 B 1,200 $1.24 $1,485.66 $459.00 $55.00 $1,694.00 11/01/2015 10/31/2023 Triple C Med Supply 1745 C 1,200 $1.13 $1,361.70 $480.00 $0.00 $1,100.00 02/01/2017 01/31/2022 Rent A Center 1745 D-F 3,600 $1.15 $4,140.00 $1,155.00 $75.00 $0.00 08/01/2015 07/31/2025

Monthly Total 14 Units 25,050 $28,009.39 $9,190.57 $205.00 $28,587.00

Yearly Total 14 Units 25,050 $336,112.68 $110,286.84 $2,460.00 217250-17452 N Ne1llis BElvd. XLas VePgas,E NV 8N9115SES

Expenses Est. 2021 Income

Sign Maint. $600.00 Rent Income (2021) $336,112.68 Parking Lot $800.00 CAM Charges (2021) $110,286.84 Sidewalk Repairs. $500.00 Sign Fee (2021) $ 2,460.00 Security $1,000.00 Total Operating Income $448,859.52 Sweeping $6,900.00 Electricity $3,500.00 Water $15,500.00 Sewer $9,500.00 Garbage & Recycling $11,000.00 Income Summary General Maint. & Repairs $2000.00 Landscaping $4000.00 Total Operating Income $448,859.52 Insurance General $9000.00 Total Operating Expense $104,510.00 Managment Fees $14,000.00 NOI - Net Operating Income $344,349.52 Property Tax $22,000.00 Roof Repair and Maint. $4,000.00 *Rent Income includes rent increases through 12/31/2021. Expenses have been adjusted Lighting Repair $210.00 minus non-reoccurring and capital expenses. Leases call for an admin fee on top of the management fee TOTAL OPERATING EXPENSE $104,510.00 F172IN5-1745 NA NellNis BlvdC. Las VIAegas, NLV 89 1S15 UMMARY

Financial Summary

Purchase Price $5,250,000.00 Loan #1 $3,675,000.00 Cash Required $1,575,000.00

Calculated Return

Annual Income $448,859.52 Operating Expenses (2021) $104,510.00

NOI $344,349.52 Cap Rate 6.56%

Est. Loan Payment $208,005.72 Cash Flow $136,343.84 Rate of Return 8.66%

*Calculation based off 30 year term at 3.9% L172O5-174C5 N NAellis BlTvd. LIOas VegaNs, NV 8 9&115 DEMOGRAPHICS

Population 2 Mi 5 Mi 10 Mi 2010 Pop. 85,528 369,576 952,714 2021 Pop. 93,325 399,599 1,092,747 Median Age 31.7 33.7 35.7 Ann. Growth 10' - 20' 0.8% 0.7% 1.3% Ann. Growth 20' - 25' 1.5% 1.7% 1.7%

Households 2 Mi 5 Mi 10 Mi 2021 Households 26,559 124,725 383,630 2025 Household Proj. 28,387 133,223 413,996 Ann. Growth 10' -21' 0.2% 0.2% 0.8% Ann. Growth 21' - 25' 1.4% 1.4% 1.6%

Location Information 3.7 Miles from Nellis Airforce Base 5 Miles to the 95/515 Freeway Surrounded by heavy residential backup Traffic Volume on Nellis is 41,500 (NDOT) vehicles per day Long term Tenants include Rent A Center and Mariscos Restaurant R1725E-174T5 NA NellisIL Blvd. L aMs VegaAs, NV 8R9115KET OVERVIEW

Economy The Las Vegas metropolitan area, encompassing Las Vegas, Henderson, North Las Vegas and Boulder City, known as the “Entertainment Capital of the World” is home to more than 1,216,960 residents. With a tourism and gaming industry unlike any other in the world, the city boasts more than 31 mega hotel/casinos with over 150,000 available hotel rooms. Tourism is at a record high with the city hosting over 49.5 million visitors in 2019. Gaming revenue reached $6.587 billion in Las Vegas in 2019.

McCarran International Airport (LAS), the 10th busiest U.S. airport in 2019, has continued its increase in passengers. The airport has seen 24.4 million passengers so far in 2019. Las Vegas continues to be a desirable place for residents due to its high quality of life, lower housing costs, and favorable tax benefits.

Housing The housing market has improved over the past year, in every measureable indicator. Las Vegas home values have gone up 3.8% over the past year and Zillow predicts they will rise 4.4% within the next year. Sports Las Vegas is currently celebrating the success of its two major sports teams. The Las Vegas Golden Knights, and Las Vegas Raiders. - home to the Las Vegas Raiders is ideally located for both visitors and locals, fully enclosed and climate-controlled with a capacity of 65,000. Recreation The City of Las Vegas isn't limited to just the bright lights of the . The national parks, and recreational locations just outside of the city are a favorite of locals & visitors. Lake Mead National Park is just a short drive out of the city and offers six marinas, numerous beaches, and plenty of camping destinations. In addition, Red Rock National Park, and Mount Charleston are just under 45 minutes out of the city. Allegiant Stadium Circa Resort & Casino MSG Sphere Las Vegas The 65,000 seat stadium is located west of the Las Circa, the first ever adults only casino, open October 28, MSG Sphere at The Venetian is a sphere-shaped music Vegas Strip allowing easy access for both tourists and 2020, has 777 guest rooms, five restaurants, a two-level and entertainment arena being built in Paradise, Nevada, area residents. The Raiders celebrated their first game in casino, "the largest sports book in Las Vegas," nine-story near the Las Vegas Strip and east of the Venetian the stadium on September 21, 2020. parking garage, six swimming pools and a 125-foot resort.With a 160,000-square-foot wraparound screen, screen. the Sphere is expected to be home for daily show programming and headliner performances.

Amazon Fufillment Center Las Vegas Convention Center Majestic Las Vegas Located in North Las Vegas, this 813,000 SF fulfillment The $980 million West Hall Expansion will add 1.4 million Breaking ground in May of 2020, this 45-story, 720-room center stays busy. The center employees roughly 3,500 square feet including 600,000 square feet of new, resort hotel,with 6 stand alone restaurant and a total of Las Vegas Residents, and is looking to hire an additional leasable exhibit space, a 14,000 square-foot outdoor 1,353,066 square feet will be completed in 2023. What 2,000. terrace able to hold receptions with up to 2,000 sets this hotel apart - there is absolutely no gambling. attendees, and a grand atrium. .