For Sale Offering Memorandum

2 0 3 S O U T H W A T E R S T R E E T FOR SALE OFFERING MEMORANDUM

Presented By: MICHAEL HILTZ Broker Owner 702.300.8524 [email protected] NV B.0043031

ZACH SCHAUER Salesperson 702.423.1220 [email protected] NV S.0189596

SGH Commercial Advisers The information herein was obtained from sources deemed reliable; however SGH Commercial Advisers makes no guarantees, warranties or representation as to the completeness or accuracy thereof. Property Overview

SGH Commercial Advisers is pleased to present the exclusive opportunity to purchase the property commonly known as 203 Water Street. The offering is a three-story mixed-use ofﬁce and retail property consisting of +/- 15,211 SF and currently has a 66% occupancy with 2 long-term leases in place. The property was built in 2006 and has remained at full occupancy for many years.

Located in the Opportunity Zone 203 Water Street is positioned in the Historic Water Street District of Downtown Henderson, NV and is directly across the street from the recently completed $25 million NHL Vegas Golden Knights ice skating facility! This new facility is the headquarters and practice facility for the new American Hockey League (AHL) Henderson Silver Knights. The property is also within walking distance of the City of Henderson government buildings, including local downtown shops and breweries. A perfectly situated property within close proximity to the US 93/95 Freeway as well as access to the 215 Beltway.

Henderson, NV, is located within the Las Vegas metropolitan statistical area. Henderson is the 2nd most populous city in Nevada and recently voted the 2nd safest city in the U.S.

Throughout its history, the City of Henderson has distinguished itself for its unique innovations and progressive planning to provide citizens with some of the ﬁrst, only, largest, or most unique services and amenities in

Nevada that help set Henderson apart.

SGH Commercial Advisers Henderson offers an enhanced quality of life for those who The information herein was obtained from sources deemed reliable; however SGH Commercial Advisers makes no guarantees, warranties or representation as to the completeness or accuracy thereof. choose to live, work, and play here. INVESTMENT HIGHLIGHTS

Prominent location in historic Water Street District and across from the new AHL Silver Knights Lifeguard Arena in Downtown Henderson, NV. Added Value!

New 10 Year Triple Net (NNN) Lease on the 1st Floor!

Art Deco architecture with established tenants and stabilized cash ﬂow.

No state income tax.

Offering Price $2,799,500.00 Address 203 S Water St, Henderson, NV 89015 Price PSF $184.04 # of Stories 3 NOI (2020) $138,771 Occupancy 66% NOI (Proforma 2022)* $169,922 Zoning Downtown Mixed-Use (DX) Building Size +/- 15,211 sqft Year Built 2006 Acreage +/- 0.13 Parking Public On-Street Parking

TENANTS FLOOR SQUARE FOOTAGE (SF) ESTIMATED BUILDING EXPENSES (2021) Sticks Tavern 1 +/- 5,239 SF Repairs and Maintenance $15,000 Available for Lease* 2 +/- 5,136 SF Insurance ~$5,500 McDonald Law 3 +/- 4,836 SF ~

Total Building SF +/- 15,211 SF 2021 Property Taxes $18,044.13

Available for Lease*: Floor 2 is currently listed on the market for lease at $1.25/sf/month NNN with $0.25/sf/month CAMs

SGH Commercial Advisers *The information herein was obtained from sources deemed reliable; however SGH Commercial Advisers makes no guarantees, warranties or representation as to the completeness or accuracy thereof. FLOOR PLANS

First Floor Second Floor Third Floor

AVAILABLE FOR LEASE

L A I R E A

Shop unique boutiques. Dine in one-of-a-kind restaurants. Play in classic casinos. Be part of incredible special events. And do it all amid a few walk-able downtown blocks of stores and businesses with a little bit of history and a whole lot of enjoyment. It’s not your typical shopping, dining and entertainment experience. But then again, that’s the point. The City of Henderson’s Water Street District has gotten a new life as population continues to expand and new businesses grow; including welcoming the new Henderson Silver Knights AHL Practice Facility right next to City Hall. The Water Street District and surrounding area is an excellent location to open a business and take advantage of The Opportunity Zone. LIFEGUARD ARENA - SILVER KNIGHTS AHL PRACTICE FACILITY The Opportunity Zone program, established in The Tax Cuts and Jobs Act of 2017, is a tax incentive, designed to encourage long-term private investment in low-income communities. The program essentially runs on two tracks – first, Governors in each state nominate opportunity zones, which are low-income community census tracts that could benefit from significant private investment. Second, once the zones are certified by the U.S. Treasury Department, interested private investors must invest in opportunity funds, specialized vehicles that can then be utilized to invest in the certified opportunity zones.

The State of Nevada, through the Governor’s Ofﬁce of Economic Development, offers a variety of incentives to help qualifying companies make the decision to do business in the state, including sales tax abatements on capital equipment purchases, sales and use tax deferral on capital equipment purchases, abatements on personal and modiﬁed business taxes, real property tax abatements for recycling, assistance with the cost of intellectual property development, and employee training grants. The HENDERSON OPPORTUNITY ZONE MAP State now offers abatements on aviation parts and data centers, as well.

Las Vegas Raiders Practice Facility Lifeguard Arena - Silver Knights Henderson Event Center

The facility, which is located in Henderson, Completed in Fall 2020, The Vegas Golden The Henderson Event Center is an enclosed Nevada, will be known as the Intermountain Knights, working alongside the City of 6,000-seat multi-purpose venue that will Healthcare Performance Center. Henderson, built a new $26 Million practice replace the existing Henderson Pavilion. facility and headquarters for the American This facility will give the Raiders 335,000 Hockey League Henderson Silver Knights. The Henderson Silver Knights, partnered with square-feet of space to work with. the the NHL Vegas Golden Knights organization headquarters will house one-and-a-half As far as amenities, Lifeguard Arena has two which has committed to making a significant, indoor football fields, a training center and sheets of ice, with a restaurant overlooking matching private investment in the proposed office space. Three more fields and fan them both, a locker room, weight room and Henderson Event Center for the benefit of seating are planned for outside the building, lounge for the anchor tenants, office and Henderson residents. The organization is well which sits on a site near St. Rose Parkway and meeting space, and plenty of lockers and prepared to ensure first-class programming Executive Airport Drive, near the Henderson space for open skates. and fan experience, access to quality acts, Executive Airport. events and exceptional food and beverage offerings. SGH Commercial Advisers is located in Henderson NV and serves the Clark County area. Showcasing a high level of attention to detail, our team members are tenured professionals with a comprehensive knowledge and understanding of commercial real estate sales and management. We methodically approach each assignment with customized analysis and strategies to meet each individual client’s needs. You will ﬁnd you are in the right hands while working with our professionally staffed team.

SGH Commercial Advisers is a Member of the Henderson Chamber of Commerce

Michael Hiltz | Broker Owner NV B.0043031

Michael is a licensed Commercial Real Estate Broker and the Owner of SGH Commercial Advisers in Henderson, Nevada. He has over 41 years of experience in Commercial Real Estate. His current focus is the Opportunity Zone in Downtown Henderson NV, Charter School Site Acquisition, Leasing, and Commercial Sales. Michael prides himself on the relationships he has established with the City of Henderson, City Council and Mayor’s ofﬁce.

Wanda Shumar | Broker Salesperson NV BS.0145737 Zach Schauer | Agent - Lead Analyst NV S.0189596 Wanda is a Broker Salesperson specializing in Commercial Zach is a licensed Salesperson and Lead Analyst with SGH Sales and Leasing. She has over 35 years of experience in Commercial Advisers. He was born and raised in Henderson, Commercial Banking and most recently as a Senior Vice NV. As a native Nevadan, Zach has extensive knowledge of President Regional Manager with Bank of George. Wanda has Henderson and the Las Vegas Valley. Zach has a Bachelor of an extensive background and gives back to her community, Science in Finance from The University of Nevada, Reno. He is currently serving on the Community Education Advisory Board proficient in multiple forms of financial analysis and is for the City of Henderson and the Chamberlain School of committed to providing excellent service to his clients. Nursing Advisory Board. CONTACT US FOR ADDITIONAL INFORMATION:

MICHAEL HILTZ Broker Owner 702.300.8524 [email protected]

ZACH SCHAUER Salesperson 702.423.1220 [email protected]

WANDA SHUMAR Broker Salesperson 702.525.1734 [email protected]