RUSSELL PAVILION • Proposed Fast Food Or Retail Pad 6825 W
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MULTI-TENANT RETAIL/OFFICE INVESTMENT OFFERING • Price: $7,499,000 • Cape Rate: 6% • Net Lease Investment: NNN • 100% Fully Leased RUSSELL PAVILION • Proposed Fast Food or Retail Pad 6825 W. RUSSELL ROAD, LAS VEGAS, NV 89118 Available - With Drive Thru DANIEL GLUHAICH +1 408 201 0120 [email protected] License # NV-S.0050164 Confidentiality Agreement This Confidential Offering Memorandum (the “Memorandum”) is being delivered exclusively by Colliers International (the “Agent”) to a party who may be interested in the acquisition of the Fee Simple interest in 6825 W. Russell Road, Las Vegas, NV 89118 (the “Property”), described in this Memorandum. This is a private offering, made only by delivery of a copy of the Memorandum to the recipient (the “Recipient”). By accepting this Memorandum, the Recipient agrees to comply strictly with the terms and conditions of the Confidentiality Agreement previously executed and delivered to the Agent by the Recipient with respect to this Memorandum and all information contained herein, and to use this Memorandum only for the purpose of evaluating the offering made hereby. The material contained in this Memorandum is provided solely to assist the Recipient in determining whether it is interested in making an investigation or evaluation concerning a potential purchase of the Property. Neither the Agent nor any affiliates or client of the Agent which term includes related entities, the owners of any equity interest in the Property, (“Owner”), the manager of the Property (“Manager”), and any officers, employees and agents of any such parties make any representations or warranties with regard to the accuracy or completeness of the information contained herein. This Memorandum may include statements and estimates provided by the Agent, the Owner, or the Manager with respect to the anticipated future performance of the Property. Nothing contained in this Memorandum should be construed as a representation as to the future performance of the Property, and the Recipient acknowledges and agrees that any statements or estimates relating to future performance reflect various assumptions concerning the Property’s anticipated results, which may or may not prove to be correct. No representations are made as to the accuracy of such statements and estimates, and none of the Agent, the Owner, the Manager, or any related entities shall have any liability with respect to or arising from any inaccuracy in such statements or estimates. Statements made in this Memorandum as to the content of any contract or other document referred to, are not complete or definitive descriptions, but summaries or portions thereof. Each such statement is qualified by its reference to the full text of the contract or document, copies of which will be made available by the Agent to Recipient upon request. In addition, not all contracts or other documents, which may be relevant, have been summarized or referenced in this Memorandum. This Memorandum is being delivered by the Agent to a prospective purchaser with the understanding that it will independently investigate those matters which it deems appropriate in evaluating the Property and will rely solely on its own investigation in determining whether to purchase the Property. This Memorandum does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in the Property in any jurisdiction in which, or to any person for which, such offer, sale, or solicitation would be unlawful. Except where otherwise indicated, the information contained in this Memorandum has been prepared as and no obligation is assumed to supplement or modify the information to reflect subsequent events or conditions. Nothing contained in this Memorandum may be construed to constitute legal or tax advice to a Recipient concerning the Property or purchase of the Property. More detailed information regarding the expected terms, conditions, and timing of the offering of the Property will be provided in due course by separate communication with each Recipient. The Agent, the Owner and the Manager reserve the right to engage in discussions or negotiations with one or more recipients or other prospective investors at any time without notification to, or other obligation to, any other Recipient or prospective investor. The offering made hereby is subject to a change in terms or termination without notice. The Owner and the Manager will remain free to operate the Property in their sole and absolute discretion during the evaluation and offering process, including the taking of such actions, whether within or outside of the ordinary course of business, which the Owner or the Manager shall deem necessary, prudent or desirable. The Agent reserves the right to require the return of this Memorandum and any other material provided to the Recipient at any time. Acceptance of this Memorandum by the Recipient constitutes acceptance of the terms and conditions outlined above. © 2019 Colliers International 6825 W. RUSSELL ROAD, LAS VEGAS, NV 89118 | INVESTMENT OFFERING COLLIERS INTERNATIONAL P. 2 EXECUTIVE SUMMARY Executive Summary THE OFFERING Daniel Gluhaich of Colliers International is pleased to present, 6825 W. Russell Road Las Vegas, NV 89118. An upscale fully leased multi-tenant retail/office center. The building is comprised of 23,582 square feet and is built on 2.4 acres, built in 2007. Additional pad to be built – with drive thru. Neighborhood retail shopping center. Great highway and sign visibility. Well established and potential growth area. APN / Parcel ID 163-35-110-006 INVESTMENT HIGHLIGHTS • 100% Leased -NNN • Construction with Highest Quality Materials • Proposed Fast Food or Retail Pad Available - With Drive Thru Investment Summary 6825 W. Russell Road, Las Vegas, NV 89118 List Price $7,499,000 Lease Type NNN NOI thru 9/15/19 $450,233 Square Footage 23,582 Price Per Square Foot $265.75 Actual Cap Rate 6% Occupancy 100% Year Built 2007 6825 W. RUSSELL ROAD, LAS VEGAS, NV 89118 | INVESTMENT OFFERING COLLIERS INTERNATIONAL P. 3 PROPERTY DESCRIPTION Russell Pavilion 100% LEASED ±23,582 SF 6825 W. RUSSELL ROAD, LAS VEGAS, NV 89118 | INVESTMENT OFFERING COLLIERS INTERNATIONAL P. 4 95 APEX INDUSTRIAL PARK KYLE CANYON RD KYLE SPRING SILVERSTONE IRON CANYON PROPERTYMOUNTAIN DESCRIPTIONMOUNTAIN 157 GATEWAY RANCH RANCH GRAND TETON DRIVE PARK HIGHLANDS SEVERENCE LANE ALIANTE 15 PROVIDENCE ELKHORNR OAD 215 93 N TENAYA WAY TENAYA N S ELKHORN L L AM DEER SPRINGS WAY 95 OSS B B SPRINGS E B R L OA V D D W CENTENNIAL PARKWAY LAS VEGAS MOTOR SPEEDWAY 604 N N N P ECOS ROA ECOS 215 BLVD JONES EL DORADO N D D ECATUR BLV ECATUR W ANN ROAD ANN ROAD N D URA S C I A M SHADOW PAINTED DESERT M NGO MON LOS I N UNION PACIFIC RR D O WASHBURN RD CREEK DRIVE A PRADOS S N 5TH STREET L STREE RANCHO N O R NELLIS AFB W LONE MOUNTAIN ROAD T E T DEL NORTE RANCHO 15 Property Description ALTA MIRA CRAIG ROAD CRAI G ROAD 573 C L I F F W ALEXANDER OAD R 93 NELLIS AFB S H N RAINBOW BLVD N RAINBOW BUFFALO DRIVE BUFFALO A D O W NORTH D S D CCSN R M CHEYENNE I 599 V ARTIN L E DURANGO LAS VEGAS CAMPUS VEGAS BLV Property Detail N LAS W CHEYENNE AVENUE HILLS U LOSEE RD. TH E CHEYENNE AVENUE 574 ER KING JR B SUN CITY LAS VEGAS LV SUNRISE HIGHLAND PALM DESERT E EVANS AVE SHORES NORTH LAS VEGAS VISTA 6825 W. RUSSELL ROAD, LAS VEGAS, NV 89118 FALLS VALLEY AIRPORT D NELLIS BLVD NELLIS 147 SMOKE RANCH RO AD BELMONT ST E CA REY AVE VD EAGLE 95 E LAKE MEAD BL CREST W LAKE MEAD BLVD N E LAKE MEAD BLVD 147 RANC Building Square Footage 23,582 147 N B HO RUC N E VEGAS DRIVE DR E E OWENS AVENUE S T PECOS ROAD A LAMB BLVD N STER TPC AT LAS VEGAS H OL N AVE N 15 GTON AVE L SUMMERLIN W WASHINGTON DRIVE MUNICIPAL E WASHIN YW SUMMERLIN SUMMERLIN PARKWAY OO D Number of Buildings 1 BLVD TPC AT E BONANZA ROAD ANGEL WESTCLIFF DRIVE 95 D CANYONS E LAS VEGAS S E R T PARK DESERT PINES NU F ART AVE E O ALTA DRIVE STEW O T 515 93 H I L BADLANDS L S UNIVERSITY RED ROCK NATIONAL AREA CONSERVATION Number of Stories 1 D R W CHARLESTON BLVD MEDICAL CENTER E CHARLESTON BLVD T O 159 W FREMONT N V A CCSN C CHARLESTON L E L E N CAMPUS Y ST T PECCOLE E V R DESERT I 607 E D CANYON W R RANCH 595 E ST LOUIS AVE I V R ROSE E O Land Acres 2.4 Acres GATE L N A W D SAHARA AVE OS 215 589 F RED E L BUFFALO I E AHARAS AVE I Z S ROCK VEGAS LLEYVA DRIVE T THE LAKES N DRIVE S JON LAS VEGAS AD 612 HOL ES “THE STRIP” ROYAL BL CC LYW Zoning Commercial E DESER T INN ROAD VD LINKS 147 W DES ERTINN ROAD SPRING MOUNTAIN RD INDUSTRIAL RO O O WYNN BOULEVARD D B LAKE S RAINBOW BLVD MALL L LAS VEGAS VD 604 95 STALLION BEAR’S FLAMINGO ROAD FLAMINGO ROAD MOUNTAIN Building Class A 502 N D P REFLECTION BEST H ARADI UALAPAI DESERT E SPRINGS CAT BAY S L SPRING E HOSPITAL A SIENA EAST K E RD U W UNLV L R A AY S VALLEY 582 V B E G L A VD TROPICANA AVENUE LAS VEGAS S TROPICANA AVENUE M P A SUNRISE Location ClassK A 593 R Y BO W L S Y AN S U A COLONY D LDE N SPANISH TRAIL D PA H R B I R HACIENDA AVE L R K O V L HW W A A D R L A B O L Y Y E A SPRING E N D Y T VALLEY THE V 15 B I L HOSPITAL E E RUSSELL ROAD V W D P FALLS A S DURANGO D S DURANGO FO D R B BUFFALO DRIVE BUFFALO ROA L C O Number of Parking Spaces 122 RUSSEL RT RT W O A MC CARRAN D BALI R APACHE ROAD APACHE O A Y D A R INT’L AIRPORT W HAI ARK 595 MEAD P TUSCANY E LAKE IVE WHITNEY E SUNSET ROAD W SUNSET RO AD S RANCH SOUTHERN PECOS TOWN N Parking Ratio 10/1000 HILLS HOSPITAL SUNSET S TE SQUARE PHAN 215 PARK ROAD E SUNSET ROAD IE STRE IE ST.