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823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 S/SWC Washington & Rancho Offering Memorandum

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823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 S/SWC Washington & Rancho Offering Memorandum 823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 S/SWC Washington & Rancho Offering Memorandum *Example of building under construction, final building will vary. Presented By: Dave Johnson • o: 702.221.2500 ext 314 • [email protected] Phillip Baca • o: 702.221.2500 ext 301 • [email protected] NewMarket Advisors 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com The information contained herein has been given to us by the owner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice. August 8, 2019 823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 Property Overview The site is just north of the I-95 freeway and has three 40 foot pylon signs making it very visible coming off the freeway EXECUTIVE SUMMARY at the Rancho exit. Rancho is a very heavily traveled street in the Valley. In addition to the high population density, the 2 mile daytime population is high with over 27,000 employees. Current neighboring Tenants include McDonalds, Burger King, Popeye’s Chicken, Wendy’s, Walgreens, Starbucks, Churches Chicken, Wells Fargo & Dollar Tree. DEMOGRAPHICS MAPS & Silver State Bell Restaurant Holdings, LLC (SSBRH), the holding company of Taco Bell franchisee Silver State Bell, LLC (SSB), operates over 75 Taco Bell restaurants in Nevada, making them the largest Taco Bell franchisee in Nevada. Silver State FINANCIAL Bell Restaurant Holdings is also affiliated with Golden Gate Bell Restaurant Holdings, LLC (GGBRH) and A&C Ventures Inc. SUMMARY (ACV), the largest Taco Bell franchisee in California, together making them one of the largest Taco Bell franchisees in the nation with close to 200 locations. VALUATION Address 823-825 Rancho Drive, Las Vegas, NV 89106 Occupancy 100% Price $2,500,000 Total Tenants 1 Cap Rate 4.00% Number Buildings 1 COMPARABLES Building Size 1,974 SF Parcel Number 139-29-701-004 Lot Size 27,720 SF Parcel Zoning C-1 (Local Business) Parking 21 Spaces Jurisdiction Clark County OVERVIEW MARKET HVAC NEW NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com The information contained herein has been given to us by the owner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice. August 8, 2019 823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 Investment Highlights • New Reconstruction 2019 EXECUTIVE SUMMARY • Complete Remodel • Convenient Traffic Access DEMOGRAPHICS • High Population Density MAPS & • 20-Year NNN Lease FINANCIAL • 100% NNN Lease SUMMARY • Tenant takes care of all common area taxes, insurance, and building • Iconic & Growing Brand VALUATION • New 20 Year lease with 10% Escalations every 5 Years COMPARABLES OVERVIEW MARKET NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com The information contained herein has been given to us by the owner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice. August 8, 2019 823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 Photos EXECUTIVE SUMMARY DEMOGRAPHICS MAPS & FINANCIAL SUMMARY VALUATION COMPARABLES OVERVIEW MARKET *Example of building under construction, final building will vary. *Example of building under construction, final building will vary. NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com The information contained herein has been given to us by the owner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice. August 8, 2019 EXECUTIVE MAPS & FINANCIAL MARKET VALUATION COMPARABLES SUMMARY DEMOGRAPHICS SUMMARY OVERVIEW August 8, 2019 Location Map . NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com Nevada 89113 Advisors • 5245 South Durango Drive • Las Vegas, NewMarket SITE ner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice but we do not guarantee it. have no reason to doubt its accuracy, ner of the property or other sources deemed reliable. We The information contained herein has been given to us by the ow 823-825 RANCHO823-825 DRIVE, LAS NV 89106 VEGAS, EXECUTIVE MAPS & FINANCIAL MARKET VALUATION COMPARABLES SUMMARY DEMOGRAPHICS SUMMARY OVERVIEW August 8, 2019 Aerial . NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com Nevada 89113 Advisors • 5245 South Durango Drive • Las Vegas, NewMarket ner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice but we do not guarantee it. have no reason to doubt its accuracy, ner of the property or other sources deemed reliable. We The information contained herein has been given to us by the ow 823-825 RANCHO823-825 DRIVE, LAS NV 89106 VEGAS, EXECUTIVE MAPS & FINANCIAL MARKET VALUATION COMPARABLES SUMMARY DEMOGRAPHICS SUMMARY OVERVIEW August 8, 2019 Parcel Map Parcel . NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com Nevada 89113 Advisors • 5245 South Durango Drive • Las Vegas, NewMarket ner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice but we do not guarantee it. have no reason to doubt its accuracy, ner of the property or other sources deemed reliable. We The information contained herein has been given to us by the ow 823-825 RANCHO823-825 DRIVE, LAS NV 89106 VEGAS, EXECUTIVE MAPS & FINANCIAL MARKET VALUATION COMPARABLES SUMMARY DEMOGRAPHICS SUMMARY OVERVIEW August 8, 2019 Site Plan . NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com Nevada 89113 Advisors • 5245 South Durango Drive • Las Vegas, NewMarket ner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice but we do not guarantee it. have no reason to doubt its accuracy, ner of the property or other sources deemed reliable. We The information contained herein has been given to us by the ow 823-825 RANCHO823-825 DRIVE, LAS NV 89106 VEGAS, 823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 Demographics 2019 ESTIMATED DEMOGRAPHICS EXECUTIVE POPULATION 1 Mile 3 Miles 5 Miles SUMMARY 2019 Estimated Population 18,233 168,307 528,850 2024 Projected Population 20,441 187,180 587,990 2010 Census Population 16,999 153,531 477,118 Projected Growth 2019-2024 2.4% 2.2% 2.2% DEMOGRAPHICS 3 MAPS & Historical Growth 2000-2019 0.9% 0.6% 0.6% 2 Income 1 Average Household Income $69,936 $52,247 $54,039 FINANCIAL Median Household Income $51,073 $44,012 $47,921 SUMMARY Per Capita Income $22,538 $19,495 $20,146 Households 2019 Estimated Households 5,870 61,341 194,970 VALUATION 2024 Projected Households 6,323 65,713 208,336 2010 Census Households 5,243 52,766 165,354 2000 Census Households 5,047 55,086 169,530 Projected Growth 2019-2024 1.5% 1.4% 1.4% COMPARABLES Historical Growth 2000-2019 0.9% 0.6% 0.8% Business Total Businesses 330 8,787 27,476 Total Employees 3,490 123,633 387,761 OVERVIEW MARKET NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com The information contained herein has been given to us by the owner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice. August 8, 2019 823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 Rent Roll Tenant Name Building / Unit Rentable SF Base Rent $/SF/Year CAM/Tax Lease EXECUTIVE Numbers Expiration SUMMARY Taco Bell N/A 1,974 Base Rent $100,000 with 10% Rent $50.63 NNN 01/01/2040 Increase Every 5 Years The lease has 4-5 Year Options Total: 1,974 $100,000.00 DEMOGRAPHICS MAPS & FINANCIAL SUMMARY VALUATION COMPARABLES OVERVIEW MARKET NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com The information contained herein has been given to us by the owner of the property or other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Site plan subject to change without prior notice. August 8, 2019 823-825 RANCHO DRIVE, LAS VEGAS, NV 89106 Sales Comps 4570 W Cactus EXECUTIVE Las Vegas, NV 89141 SUMMARY Tenant: Jack in the Box Type: Class A QSR Drive-Thru Sale Price: $2,280,000 Size:2,668 Cap Rate 4.35% Sold: May 2019 1 DEMOGRAPHICS MAPS & 101 S Rainbow Blvd Las Vegas, NV 89145 Tenant: Taco Bell Type: Class A QSR Drive-Thru Sale Price: $3,000,000 Size:2,650 FINANCIAL Cap Rate 4.50% SUMMARY Sold: April 2019 2 10450 S Decatur Blvd Las Vegas, NV 89141 Tenant: Taco Bell VALUATION Type: Class A QSR Drive-Thru Sale Price: $4,250,000 Size: 2,668 Cap Rate: 4.25% Sold: January 2019 3 6898 N Hualapai Way COMPARABLES Las Vegas, NV 89149 Tenant: Taco Bell Type: Class A QSR Drive-Thru Sale Price: $2,950,000 Size: 2,560 Cap Rate: 4.75% Sold: October 2018 OVERVIEW 4 MARKET NewMarket Advisors • 5245 South Durango Drive • Las Vegas, Nevada 89113 • newmarketadvisors.com The information contained herein has been given to us by the owner of the property or other sources deemed reliable.
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