FOR SALE

15-YEAR GROUND LEASE

3229 N PECOS ROAD | ,

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PROPERTY DESCRIPTION Walk Score - Harbor Frwy/ Transit Way & W 1stStreet SW-±296,615VPD Local Demographics & Traffic Counts Very Walkable (82) Very Walkable

property photos property summary investment confidentiality agreement tenant profile& lease overview area LOCAL BROKER OF RECORD (NEVADA): MARKETING PACKAGE PREPARED BY: [email protected] [email protected] [email protected] TABLE OF CONTENTS ...... RICHARD OROSEL RICHARD +1 702 637 7289 +1 213 618 3825 +1 213 618 3824 DAVID MALING CHRIS MALING CHRIS . Vice President ...... Lic. S.0183602 Lic. Lic. 00823957 Lic. 01139115 Lic. Principal Principal ...... 10 12 4 8 6 3229 N PECOS ROAD | LAS VEGAS, NEVADA SITE PLAN OF ACTUAL STORE TO BE BUILT 15-YEAR GROUND LEASE

INVESTMENT SUMMARY INVESTMENT HIGHLIGHTS • Brand New 15-Year Ground Lease OFFERING PRICE $3,550,000 • New Construction with 2021 Completion Date • Signalized Corner Location w/ Ample Street Visibility and Multiple Ingress/Egress CAP RATE 4.9% • Located in Las Vegas, the 28th Most Populated City in the and the Most Populated City in the State of Nevada LEASE STRUCTURE NNN • Nearby Neighborhood Shopping CentersCIRCLE & National K -Credit CHEYENNE Retailers: Wendy’s, AVE. Autozone, & PECOS RD. LEASE START DATE August 1, 2021 , 99 Cents Only Stores, Domino’s Pizza, JackLANDSCAPE in the Box, Walgreens, PLAN and More! • Absolute NNN lease with Zero Landlord Expense SHEET NUMBER LEASE EXPIRATION DATE July 31, 2036 • Seller will credit the buyer from the close of escrow until rent commencement the monthly rent per the lease. Therefore, extending the lease period more than 15 years. La.01 SHEET: 1 OF 1 6490 W. Desert Inn Road Las Vegas, NV 89146 DRAWN: JSH (702) 899-6068 www.CIVIL360LV.com DATE: 7/23/20 3220 North Pecos Road PROPERTY ADDRESS Las Vegas, Nevada 89115 PARCEL NUMBER 140-07-406-001

DETAILS PROPERTY TYPE Circle K Ground Lease ±5,187 SF Convenienve Store & BUILDING AREA ±4,464 SF Fueling Canopy LAND AREA ±1.68 AC

ZONING R-E

YEAR BUILT Coming 2021 TENANT OVERVIEW

LEASE ABSTRACT

Address 3220 North Pecos Road, Las Vegas, NV 89115 ±5,187 SF Convenience Store & Building Size ±4,464 SF Fueling Canopy Lease Commencement August 1, 2021 Lease Expiration July 31, 2036 Lease Term 15 Year Ground Lease Couche-Tard is the leader in the Canadian con- Base Rent (2021) $14,583.33/Month or $175,000/Year venience store industry. In the United States, it is the largest independent convenience store Increases 5.0% Every 5 Years operator in terms of the number of compa- Options to Extend Nine (9) Options for 5 Years Each ny-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transpor- Tenant Pays Taxes, Insurance, Maintenance & Utilities tation fuel retail in the Scandinavian countries (Norway, Sweden and Denmark), in the Baltic Lease Type NNN countries (Estonia, Latvia and Lithuania), as well as in Ireland, and has an important pres- Circle K’s success in the convenience retailing indus- Guarantor Circle K Stores, Inc. a Corporation ence in Poland. try spans more than 60 years. Our roots trace back to 1951 when Fred Hervey purchased three Kay’s Food Stores in El Paso, Texas. Little did anyone know that *Based on the structure of the lease, there is zero landlord expense including roof, wall and structure. As of July 19, 2020, Couche-Tard’s network these stores would serve as the beginning of Circle K. *Circle K has First Right of Refusal to purchase the property. comprised 9,274 convenience stores through- *Seller turned over the property to Circle K and the have confirmed delivery in writing. out North America, including 8,088 stores with During the next few decades, Circle K grew its re- *Building Permits are scheduled to be pulled January 15, 2021 road transportation fuel dispensing. Its North tail network through a series of acquisitions, which *Construction is scheduled to commence February 1, 2021 American network consists of 18 business were incorporated into the Circle K brand. By 1975, *Certificate of Occupancy is scheduled for June 30, 2021 units, including 14 in the United States cover- ing 47 states and 4 in Canada covering all 10 there were 1,000 Circle K stores across the U.S. The provinces. Approximately 109,000 people are company’s growth continued and by 1984, sales had employed throughout its network and at its reached $1 billion. service offices in North America. In 2003, Circle K was acquired by Alimentation Couche-Tard is a Canadian company which Couche-Tard, which developed the chain into a glob- shares are listed on the Toronto Stock Ex- al brand represented in over 20 countries. change (TSX: ATD.A) (TSX: ATD.B).and at its service offices in North America. N PECOS ROAD

5 SUBJECT PROPERTY 6 NEARBY AMENITIES 9 Lucky Club Hotel & Dollar General, Siam 1 2 1 9 7 10 Casino Garden, Gas 4 Less ±34,996 VPD 7-Eleven, Dottys #111,

E CHEYENNE AVENUE ±17,009 VPD 8 2 Real Donuts, Inc, NAPA 10 Jack in the Box Auto Parks 3 11 , Mariana’s 99 Cents Only Stores, Supermarket, Taco O’Reilly Auto Parts, 3 11 4 ±18,001 VPD Bell, Panda Express, Citi Trends, Domino’s 12 Subway, Teriyaki Boy Pizza Healthy Grill 7-Eleven, Roberto’s Lincoln Elementary 4 12 Taco Shop, Pizza Hut, School 13 Sofia’s Pizza College of Southern Walgreens, 5 Nevada North Las 13 McDonald’s Vegas LAS VEGAS BOULEVARD N Chruch’s Chicken, 14 Cheyenne Sports 6 14 Chamango Mexican Complex Snacks 7 AutoZone Auto Parts 15 U-Haul, 7-Eleven

15 La Bonita Supermarkets, Little 8 Wendy’s 16 Caesars Pizza, Dollar General 16

LAS VEGAS, NEVADA is the 28th-most populated city in the United States, the most populated city in the state of Nevada, 483,287 $53,959 and the county seat of Clark County. The city anchors the Las Vegas Valley metropolitan area and is POPULATION AVERAGE HOUSEHOLD INCOME the largest city within the greater Mojave Desert.[7] Las Vegas is an internationally renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. 8.20% 135,612 POPULATION GROWTH 2020-2025 HOUSEHOLDS The city bills itself as The Entertainment Capital of the World, and is famous for its mega casino-hotels and associated activities. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world.[8][9][10] Today, Las Vegas annually ranks as one of the world’s most visited tourist 3.63% 58.11% 48.57% 51.43% destinations.[11][12] The city’s tolerance for numerous forms of adult entertainment earned it the title UNEMPLOYED EMPLOYED OWNER RENTER of “Sin City”,[13] and has made Las Vegas a popular setting for literature, films, television programs, and EMPLOYMENT OCCUPIED HOUSING UNITS music videos. 5-MILE DEMOGRAPHICS 5-MILE

© Wikipedia SUBJECT PROPERTY

MARKETING PACKAGE PREPARED BY: CHRIS MALING Principal License No. 00823957 213.618.3824 [email protected]

DAVID MALING Principal License No: 01139115 213.618.3825 [email protected]

LOCAL BROKER OF RECORD (NEVADA): RICHARD OROSEL Vice President License No: S.0183602 702.637.7289 [email protected]