BRAND NEW CONSTRUCTION Absolute NNN Investment Opportunity Operated by Opening Fall 2020 - Tenant Currently Paying Rent During Fixturization Period 3875 W. Craig Road | North Las Vegas, Nevada LAS VEGAS MSA ACTUAL SITE EXCLUSIVELY PRESENTED BY PATRICK R. LUTHER, CCIM Managing Principal SRS National Net Lease Group
[email protected] D: 949.698.1115 | M: 480.221.4221 610 Newport Center Drive, Suite 1500 Newport Beach, CA 92660 NV License No. S.0169792 Corporate Broker: Tammy Lord, SRS Real Estate Partners | NV License No. 1001815 2 ACTUAL SITE SRS REAL ESTATE PARTNERS, LLC TABLE OF CONTENTS INVESTMENT SUMMARY Offering Summary 5 Investment Highlights PROPERTY OVERVIEW Aerials Site Plan 9 Location Map AREA OVERVIEW 14 Demographics FINANCIALS Rent Roll 22 Brand Profile 3 ACTUAL SITE SRS REAL ESTATE PARTNERS, LLC PROPERTY PHOTO 4 ACTUAL SITE SRS REAL ESTATE PARTNERS, LLC INVESTMENT SUMMARY SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, newly constructed, Red Dragon investment property located in North Las Vegas, NV (Las Vegas MSA). The tenant, Nevada Restaurant Services, Inc., recently executed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in July 2025 and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by Nevada Restaurant Services, Inc., and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.