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West Las Vegas LEASING OFFERING MEMORANDUM QSR - WEST LAS VEGAS 5915 W Sahara Ave | Las Vegas, NV 89146 THE ALVINO GROUP OF MARCUS & MILLICHAP ABOUT US GROUP THE ALVINO We are a Las Vegas-based commercial real estate group specializing in the acquisition DUSTIN R. ALVINO ANDY PASBAKHSH and disposition of net-leased investment properties throughout the U.S. Collectively, FIRST VICE PRESIDENT INVESTMENTS ASSOCIATE our team consists of the top producing agent in the Marcus & Millichap Las Vegas (702) 215-7120 (702) 215-7106 [email protected] [email protected] office, Dustin R. Alvino, as well as Andy Pasbakhsh, Joe Kaszupski, Hamilton Whyte, License: NV BS.0143692 License: NV S.0189780 Jake Wasserkrug, Tamir Israeli, and Madelyn Rupprecht. LEAD AGENT LEAD AGENT We have evaluated over one billion worth of real estate across 22 states and growing. JOE KASZUPSKI JAKE WASSERKRUG We pride ourselves on being client-focused and results-driven, which is why we have ASSOCIATE ASSOCIATE had tremendous success over the last decade. (702) 215-7102 (702) 215-7135 [email protected] [email protected] License: NV S.0190554 License: NV S.0185362 MARCUS & MILLICHAP TAMIR ISRAELI MADELYN RUPPRECHT TEAM IN NEVADA MARKETING COORDINATOR AGENT ASSISTANT (702) 215-7127 (702) 215-7136 [email protected] [email protected] NET LEASED TEAM IN NEVADA NICK GRAY VICE PRESIDENT, CAPITAL MARKETS RETAIL TEAM (702) 215-7144 IN NEVADA [email protected] NMLS: 1152363 | NV: 4096 LAS VEGAS, NEVADA TEAM $434+ MILLION IN SALES VOLUME NATIONWIDE TRANSACTIONS 184+ CLOSINGS NATIONWIDE 23 STATES CLOSED IN TABLE OF CONTENTS 01 INVESTMENT HIGHLIGHTS & OFFERING DETAILS 23 LAS VEGAS MARKET OVERVIEW 02 PROPERTY DETAILS & DEMOGRAPHICS 04 SITE PLAN 05 PROPERTY PHOTOS & SURROUNDING 15 NEVADA’S TAX ADVANTAGE 17 LAS VEGAS DEVELOPMENT PROJECTS INVESTMENT HIGHLIGHTS PROPERTY DETAILS +/-2,333 SF Quick Serve Restaurant sitting on .39 Acres of Land Property Name QSR - West Las Vegas Address 5915 W Sahara Ave The property is shadow anchored by a 138,128 SF Burlington Coat Factory Anchored Retail Center City/State/Zip Las Vegas, NV 89146 Parcel ID 163-12-101-004 Multiple points of ingress and egress along Sahara Ave with Exposure to Over 48,000 VPD Rentable Area 2,333 SF Lot Size 0.39 AC 155 Feet of Frontage Along West Sahara Ave Parking Spaces & Ratio 15 Spaces | 6.43 / 1,000 SF Access Ingress / Egress on East and Westbound Sahara Ave Excellent West Valley Submarket with a vacancy factor of 5.9% which is below the Las Vegas average of 6.4% Traffic Counts Sahara Ave: 44,500 VPD (2019) Year Built/Renovated 1982 First Time on the market market since it was originally developed in 1982 Zoning C2 Ownership Fee Simple OFFERING DETAILS PROPERTY DEMOGRAPHICS 2020 ESTIMATE 1-MILE 3-MILES 5-MILES TOTAL POPULATION 12,975 192,306 477,354 ASKING RENT BUILDING SQFT INGRESS/EGRESS POINTS TOTAL HOUSEHOLD 4,826 73,589 188,793 TBD BY MARKET 2,333 5 AVERAGE HOUSEHOLD INCOME $78,616 $63,663 $68,190 1 2 N w sahara ave SITE PLAN 3 4 PROPERTY PHOTOS PROPERTY 5 6 PROPERTY PHOTOS PROPERTY W Sahara ave: 44,500 VPD subject property 7 8 PROPERTY PHOTOS PROPERTY 9 10 PROPERTY PHOTOS PROPERTY 11 12 12 LAS VEGAS NEVADA 13 14 NEVADA’S TAX ADVANTAGE VT #44 ME #33 One of the Nation’s Most Business-Friendly States WA #19 ND #16 NH #6 MT #5 MN #45 Nevada is among the nation’s most business-friendly states, offering many reasons for small businesses and corporations to OR #8 WI #26 NY #49 ID #21 SD #2 conduct business in the state. MI #12 WY #1 PA #29 DE #11 According to Tax Foundation’s 2020 State Business Tax Climate Index, Nevada ranks 7th best. This independent study IA #42 NE #28 OH #38 MA #36 includes five areas of taxation including corporate taxes, individual income taxes, sales taxes, unemployment insurance IN NV #7 taxes, and property taxes (including both residential and commercial). IL #35 #10 WV UT #9 #23 VA #25 RI #39 CO #17 Some Tax Advantages Include: CA #48 KS #34 MO #14 KY #24 CT #47 NC #15 No Personal Income Tax TN #18 No Corporate Income Tax NJ #50 OK #27 SC #30 AZ #20 AR #46 No Taxes on Corporate Shares Nominal Annual Fees NM #22 MD #43 MS #31 AL #40 GA #32 No Franchise Tax No Franchise Tax on Income LA #41 DC #47 TX #13 No Inheritance or Gift Tax Nevada corporations may purchase, hold, sell or FL #4 transfer shares of its own stock. AK #3 No Unitary Tax Nevada corporations may issue stock for capital, services, personal property, or real estate, including HI #37 No Estate Tax leases and options. The directors may determine the value of any of these transactions, and their decision Competitive Sales and Property Tax Rates is final. Note: A rank of 1 is best, 50 is worst. D.C.’s score and rank do not affect other states. 10 Best Business Tax Climate The report shows tax systems as of July 1,2019 (the beginning of Fiscal Year 2020). 10 Worst Business Tax Climate Source: https://www.nvsos.gov/sos/businesses/the-nevada-advantage Source: Tax Foundation 15 16 LAS VEGAS DEVELOPMENT PROJECTS Credit: Las Vegas Raiders Credit: Circa Hotel & Casino Credit: LVRJ Credit: Resorts World Raiders Headquarters Circa Hotel & Casino The Drew Resorts World Credit: UNLV Credit: Howard Hughes Corp. Credit: MGM/MSG Credit: LVCVA UNLV School of Medicine Las Vegas Ballpark MSG Sphere Convention Center Expansion 17 18 LAS VEGAS Allegiant Stadium is a domed stadium located in Paradise, Nevada, United States. It serves as the home stadium for the National Football League (NFL)’s Las Vegas Raiders and the University of Nevada, Las Vegas (UNLV) Rebels college football team. It is located on about 62 acres (25 ha) of land west of Mandalay Bay at Russell Road and Hacienda Avenue and between Polaris Avenue and Dean Martin Drive, just west of Interstate 15. Construction of the $1.8 billion stadium began on November 13, 2017, and its certificate of occupancy was issued on July 31, 2020. It’s a state-of- the-art facility will host the Pac-12 Championship Games for the 2020 & 2021 season. It will also be the new home of the Las Vegas Bowl. On June 16, 2020, the NFL announced Las Vegas and Allegiant Stadium as the home of the 2021 Pro Bowl. Photo Credit: Ethan Miller/Getty Images 19 20 A WINNING TEAM The Vegas Golden Knights are a professional ice hockey team based in the Las Vegas metropolitan area. They compete in the National Hockey League (NHL) as a member of the Pacific Division of the Western Conference. Founded as an expansion team, they began play in the 2017–18 NHL season. The team is owned by Black Knight Sports & Entertainment, a consortium led by Bill Foley and the Maloof family. The team plays its home games at T-Mobile Arena on the Las Vegas Strip in Paradise, Nevada.Unlike most expansion teams, the Golden Knights have obtained great success in their first three seasons as a professional team, reaching the Stanley Cup Finals in their very first year in operation. The team’s name includes “Knights” as a homage to the Black Knights of the United States Military Academy, Foley’s alma mater, and because knights were, according to Foley, “the epitome of the warrior class”. Photo Credit: t-mobilearena.com 21 22 LAS VEGAS MARKET OVERVIEW THE ECONOMY Las Vegas is considered one of the premier entertainment cities of the world thanks to its abundance of resorts, restaurants, shopping and entertainment options. Casino • With all 10 of the nation’s largest hotels located in Las Vegas, tourism closures and convention cancellations during the health crisis significantly reduced and entertainment are the most significant drivers of the Las Vegas visitor volume and the number of jobs in the metro during 2020. However, Las Vegas economy; however, the economy has diversified into distribution, back- is positioned to quickly record historical levels of tourism and job creation once the office operations and manufacturing. pandemic lifts. • The metro’s business-friendly environment, access to Western markets, growing labor force and availability of high-speed data have attracted The Las Vegas-Henderson-Paradise MSA is one of the fastest-growing metros in the companies such as Switch, Amazon, K2 Energy, Scientific Games, nation with a population of nearly 2.3 million. The metro has become a fully diversified Tectonics, Virtual Guard, VadaTech and Zappos. economy, with logistics groups, tech firms and manufacturing all taking advantage of Las Vegas’ low cost of business and proximity to major West Coast markets. • The 2.3 million-square-foot Las Vegas Convention Center is one of the largest in the world and will feature a new underground people mover upon its reopening. SHARE OF 2020 EMPLOYMENT METRO HIGHLIGHTS 3% 14% 11% 24% 6% Manufacturing Professional Government Hospitality & Leisure Financial Services WELL-PAYING JOBS STRONG POPULATION GAINS VAST TOURISM INDUSTRY Office-using positions, most of them The metro continues to draw new Visitor volume reached 42 million in within the professional and business residents amid the economic 2018, ranking Las Vegas among the top 19% 8% 11% 1% 3% services sector, accounted for more disruption caused by the pandemic. tourist destinations in the country. Trade, Trans & Utilities Construction Education & Healthcare Information Technology Other Services than 20 percent of the metro’s job Over the next five years, Las Vegas’ count at the onset of 2021. populace is forecast to increase by nearly 6 percent.
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