Valley View Plaza (The Property), a 21,602 Square Foot Retail Project in Las 1980 Vegas, Nevada

V900 SA. ValleLy ViLew BElvd,Y Las V eVgas, NIv 8E910W7 PLAZA OFFERING MEMORANDUM

Phyllis Hanley Jordan Hanley B.0029985 BS.0145889 Cambridge Group Ltd. Cambridge Group Ltd. 702-335-7719 702-335-7731 [email protected] [email protected] V900 SA. ValleLy ViLew BElvd,Y Las V eVgas, NIv 8E910W7 PLAZA

TABLE OF CONTENTS EXECUTIVE SUMMARY INVESTMENT OPPORTUNITY RENT ROLL 2020 EXPENSES FINANCIAL SUMMARY SITE PLAN & TENANT ROSTER LOCATION & DEMOGRAPHICS RETAIL MARKET OVERVIEW

AFFILIATED BUSINESS DISCLOSURE The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Cambridge Group and should not be made available to any other person or entity without the written consent of Listing Broker. This Marketing Brochure has been prepared to provide summary and select information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Cambridge Group makes no warranty or representation, with respect to income and expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, all potential buyers must take appropriate measures to verify all of the information set forth herein. EVallXey VieEw PlCaza| 9UT00 S. ValleIVy View EBlvd , LSas VeUMgas, Nv 891M07 ARY

THE OFFERING 21,602 Cambridge Group LTD is pleased to Total Building Area present the opportunity to acquire Valley View Plaza (the Property), a 21,602 square foot retail project in Las 1980 Vegas, Nevada. The shopping center Year Built is located in the central submarket and is currently 75% leased. Built in 1980, ±1.42 ACRES the Property is situated on a single parcel totaling ±1.42 acres, providing Land Area ample parking of approximately 85 regular spaces and 2 handicap spots. 139-318-01-005 Furthermore, 50% of the property was completely rebuilt from the slab up in APN 2017. The remaining 50% has an upgraded modern facade with some interior upgrades. Sewer pumps 87 replaced in recent years, new paint, Total Parking Stalls and rebuilt asphalt. Property is easy to manage and maintain with cam's @ .26/sf. Huge Upside opporuntiy. C-1 City Zoning INValley VView PlEaza S| 900T S. VMalley ViEew BNlvd, LTas Ve gOas, NvP 8910P7 ORTUNITY

Financial Summary

75.00% Occupied $4,100,000 Price $221,070.56 In Place NOI 5.40% Cap Rate $189 Price PSF 2Valle0y View2 Plaz0a | 90 0 RS. ValEley VNiew BTlvd, L aRs VegOas, NvL 891L07

2021 Rent Roll - Increases included through 12/31/2021 Tenant Suite # SqFt Rent/SF/Mo Rent Income CAM Charges Deposit Lease Start Lease End Next Rent Inc. Increase Amt.

Capri Wellness LLC 100 2,225 $0.88 $2,066.62 $578.50 $2,469.75 06/01/2018 11/30/2022 Aida Hair Braiding 105 900 $1.11 $1,002.55 $234.00 $1,179.00 10/01/2017 MTM Afrikan Traditions LLC 110 820 $1.11 $913.43 $213.20 $1,074.20 10/01/2017 MTM The Nail Industry 115 980 $1.17 $1,143.65 $254.80 $1,332.80 03/01/2018 02/28/2021 Vacant 120-125 1,800 N/A N/A N/A N/A N/A N/A N/A N/A Hair Salon/Barber 130 900 $1.15 $1,035.00 $234.00 $1,269.00 02/01/2021 01/31/2026 02/01/2022 $1,066.05 Vacant 135 900 N/A N/A N/A N/A N/A N/A N/A N/A Church of Greater Harvest 140-145 1,800 $1.08 $1,935.99 $468.00 $999.00 10/01/2017 09/30/2021 Vacant 150 900 N/A N/A N/A N/A N/A N/A N/A N/A Vacant 155 900 N/A N/A N/A N/A N/A N/A N/A N/A Vacant 160 900 N/A N/A N/A N/A N/A N/A N/A N/A Harvey Cage 165 900 $1.25 $1,161.00 $234.00 $1,359.00 09/01/2020 10/31/2025 11/01/2022 $1,197.00 Sid Turner Financial 170 900 $1.29 $1,197.00 $234.00 $1,359.00 10/01/2019 09/30/2024 10/01/2022 $1,224.00 Downtown LV Soccer 175-180 1,800 $1.04 $1,880.00 $468.00 $2,080.00 10/01/2017 MTM Justin D. Wolf 185 1,512 $1.29 $2,005.10 $393.12 $2,283.12 12/01/2018 11/30/2021 The Shiffman Group LLC 190 1,512 $1.29 $2,010.96 $393.12 $2,283.12 09/01/2019 08/31/2022 Smart Choices 195 1,953 $1.33 $2,589.92 $507.78 $5,898.00 09/01/2018 08/31/2021

Monthly Total 17 Units 21,602 $18,941.22 $4,212.52 $23,585.99

Yearly Total 17 Units 21,602 $227,294.64 $50,550.24 2Valle0y View2 Plaz0a | 90 0 ES. VaXlley VPiew BElvd,N Las VSegasE, Nv S89107

Expenses Actual 2020 Income Plumbing $350.00 Rent Income $227,294.64 Lighting Repairs $127.00 CAM Charges $50,550.24 Sidewalk Repair & Maint. $696.00 CAM Sewer 2020 $3,929.57 Sign Repair & Maint. $622.16 Total Operating Income $281,774.45

Sweeping $3,600.00 *Rent Income includes rent increases through 2021. Electricity $660.81 Water $1,175.30 Sewer $5,155.60 Garbage and Recycling $5,530.66 General Maintenance $3,113.52 Income Summary Landscaping $1,800.00 Total Operating Income $281,774.45 Insurance General $7,597.58 Total Operating Expense $60,703.89 NOI - Net Operating Income $221,070.56 Management fees $14,096.00 Property Tax $16,179.26

TOTAL OPERATING EXPENSE $60,703.89

*Expenses have been adjusted minus non-reoccurring and capital expenses. FVallINey View APlaza N| 900 SC. VallIAey View LBlvd , LSas VUMegas, Nv 891M07 ARY

Financial Summary

Purchase Price $4,100,000.00 Loan Amount $2,870,000.00 Cash Required $1,230,000.00

Calculated Return

Annual Income $281,774.45 Operating Expenses (2020) $60,703.89 NOI $221,070.56 Cap Rate 5.4%

Est. Loan Payment $162,442.56 Cash Flow $58,628.00 Rate of Return 4.8%

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POPULATION 2 Mi 5 Mi 10 Mi

2020 Pop. 90, 540 546,471 1,672,475 2025 Est. Pop. 99,650 593,471 1,812,485 Growth 2010-2020 2.80% 1.60% 1.40% Growth 2020-2025 2.00% 1.70% 1.70% Median Age 35.1 37.3 37.1

Households 2 Mi 5 Mi 10 Mi 2010 Households 24,622 175,378 536,061 2020 Households 30,646 205,969 609,175 2025 Household Est. 33,590 224,086 659,841 Growth 2020-2025 1.9% 1.8% 1.7% Avg. Household Size 2.9 2.6 2.7 Consumer Spending $630.9m $4.2B 14.5B

Transportation Information McCarran International Airport - 14 min - 7.6 miles North Las Vegas Airport - 11 min - 4.8 miles The Valley View Plaza is located near the major cross streets of S. Valley View Henderson Airport - 26 min - 16.4 Miles Blvd. and W. Charleston Blvd. This center is centrally located and has ease of access from 95 and from the I-15 in the opposite direction. Valley View Plaza is also 1.8 miles from the new Las Vegas Medical District. 4 miles from Freemont Street Experience and Las Vegas Strip. RValleEy VieTw PAlaza | 9IL00 S. VaMlley VieAw BlvRd, LaKs VegEas, NTv 89 10O7 VERVIEW

Economy The Las Vegas metropolitan area, encompassing Las Vegas, Henderson, North Las Vegas and Boulder City, known as the “Entertainment Capital of the World” is home to more than 1,216,960 residents. With a tourism and gaming industry unlike any other in the world, the city boasts more than 31 mega hotel/casinos with over 150,000 available hotel rooms. Tourism is at a record high with the city hosting over 49.5 million visitors in 2019. Gaming revenue reached $6.587 billion in Las Vegas in 2019.

McCarran International Airport (LAS), the 10th busiest U.S. airport in 2019, has continued its increase in passengers. The airport has seen 24.4 million passengers so far in 2019. Las Vegas continues to be a desirable place for residents due to its high quality of life, lower housing costs, and favorable tax benefits.

Housing The housing market has improved over the past year, in every measureable indicator. Las Vegas home values have gone up 3.8% over the past year and Zillow predicts they will rise 4.4% within the next year. Sports Las Vegas is currently celebrating the success of its two major sports teams. The Las Vegas Golden Knights, and Las Vegas Raiders. Allegiant Stadium - home to the Las Vegas Raiders is ideally located for both visitors and locals, fully enclosed and climate-controlled with a capacity of 65,000. Recreation The City of Las Vegas isn't limited to just the bright lights of the Las Vegas Strip. The national parks, and recreational locations just outside of the city are a favorite of locals & visitors. Lake Mead National Park is just a short drive out of the city and offers six marinas, numerous beaches, and plenty of camping destinations. In addition, Red Rock National Park, and Mount Charleston are just under 45 minutes out of the city. Allegiant Stadium Circa Resort & Casino MSG Sphere Las Vegas The 65,000 seat stadium is located west of the Las Circa, the first ever adults only casino, is now open, will MSG Sphere at The Venetian is a sphere-shaped music Vegas Strip allowing easy access for both tourists and have 777 guest rooms, five restaurants, a two-level and entertainment arena being built in Paradise, Nevada, area residents. The Raiders celebrated their first game in casino, "the largest sports book in Las Vegas," nine-story near the Las Vegas Strip and east of the Venetian the stadium on September 21, 2020. parking garage, six swimming pools and a 125-foot resort.With a 160,000-square-foot wraparound screen, screen. the Sphere is expected to be home for daily show programming and headliner performances.

Amazon Fufillment Center Las Vegas Convention Center Majestic Las Vegas Located in North Las Vegas, this 813,000 SF fulfillment The $980 million West Hall Expansion will add 1.4 million Breaking ground in May of 2020, this 45-story, 720-room center stays busy. The center employees roughly 3,500 square feet including 600,000 square feet of new, resort hotel,with 6 stand alone restaurant and a total of Las Vegas Residents, and is looking to hire an additional leasable exhibit space, a 14,000 square-foot outdoor 1,353,066 square feet will be completed in 2023. What 2,000 this coming year (2020). terrace able to hold receptions with up to 2,000 sets this hotel apart - there is absolutely no gambling. attendees, and a grand atrium. The expansion is slated for completion in December 2020.