N Virginia & N Center

D O W N T O W N N VIRGINIA & N CENTER LAND | ASSEMBLAGE |

Property Sites - 1.935 Acres

333 Holcomb Ave., Ste. 300 + Reno, Nevada 89502 + 775.850.3100 + DicksonCG.com N VIRGINIA AND N CENTER ASSEMBLAGE RENO, NV 89501

PRICE: $6,734,400

APNS: 007-502-03 through 007-502-12 (10 parcels) Land square footage: 84,180 SF Land size: 1.935 acres Zoning: MUDR Utility providers Power: NV Energy Water: TMWA Municipality: City of Reno Sewer: City of Reno Sewer

BROKER CONTACTS

TOM FENNELL, CCIM DOMINIC BRUNETTI, CCIM SCOTT SHANKS, SIOR HARVEY FENNELL 775.250.6600 CELL 775.850.3109 OFFICE 775.850.3102 OFFICE 775.850.3125 OFFICE 775.850.3117 OFFICE 775.240.1192 CELL 775.846.1019 CELL 775.691.2676 CELL [email protected] [email protected] [email protected] [email protected] PARCEL MAP

APN - 007-502-12 - 570 N. Virginia Vacant land - 0.161 acres - 7,000 sf Canyon Flats Zoned MUDR Student Housing

N. Sierra St APN -007-502-11 - 538 N Virginia Vacant land - 0.161 acres - 7,000 sf E 6th St Zoned MUDR 525 N Center Property Sites APN 007-502-10 - 530 N. Virginia 570 N. Virginia Vacant land - 0.161 acres - 7,000 sf 500 N. Virginia Zoned MUDR

N. Virginia St. N. Center St APN 007-502-09 = 520 N. Virginia Vacant land - 0.316 acres - 13,750 Zoned MUDR

APN 007-502-08 - 500 N. Virginia Monte Carlo Motel - 3 stories, 8,252 sf, built 1976 0.171 acres - 7,430 E 5th St Zoned MUDR 515 N Center

APN 007-502-03 - 545 N Center 530 & 538 N Virginia Vacant land - 0.161 acres - 7,000 sf 545 N Center Zoned MUDR

APN 007-502-04 - 537 N Center Motel - Closed - 3,1200 SF, built 1959 0.161 acres -7,000 sf Zoned MUDR

APN 007-502-05 -- 525 N Center SFR - 1,608sf - built in 1958 530 & 520 N. Virginia 0.225 acres - 9,800 sf 537 N Center Zoned MUDR 505 N Center APN 007-502-06 - 515 N Center Chalet Motel - Closed 6,456 sf + 592 unf basement Built 1959 0.257 acres - 11,200 sf

APN 007-502-07 Vacant land - 0.161 acres - 7,000 sf Zoned MUDR PARCEL DETAILS ADDRESS/ CURRENT NOTES APN BUILDING SF LAND SF INCOME (YR) E 6th St 545 N VIRGINIA 570 N VIRGINIA 7,000 SF 7,000 SF Vacant land Vacant land Zoned MUDR 570 N VIRGINIA Vacant land 0 7,000 SF Zoned MUDR 007-502-12 Zoned MUDR 537 N VIRGINIA Building - 3,100 SF 538 N VIRGINIA Land - 7,000 SF 7,000 SF Motel - Closed 538 N VIRGINIA Vacant land 0 7,000 SF Vacant land Built 1959 007-502-11 Zoned MUDR Zoned MUDR Zoned MUDR 007-502-12 007-502-03 525 N VIRGINIA 530 N VIRGINIA Vacant land 530 N VIRGINIA Building - 1,608 SF + 0 7,000 SF 007-502-10 Zoned MUDR 7,000 SF 1,608 finished basement

Vacant land St Virginia N 007-502-11 007-502-04 Land - 9,800 SF Zoned MUDR Single Family Residence boarded up Built 1958

N Center St Zoned MUDR 520 N VIRGINIA Vacant land 007-502-10 0 13,750 SF 520 N VIRGINIA 007-502-05 007-502-09 Zoned MUDR 13,750 SF 515 N VIRGINIA Vacant land Building - 6,456 SF + Zoned MUDR 592 SF unfinished 007-502-09 basement Land - 11,200 SF 007-502-06 Monte Carlo Motel 500 N VIRGINIA Chalet Motel -Closed 3 stories, built 1976, Built 1959 500 N VIRGINIA $16,800 Building - 8,252 SF 8,252 SF 7,430 SF Covered and uncovered Zoned MUDR 007-502-08 Land - 7,430 SF parking, Monte Carlo Motel Zoned MUDR 3 stories, built 1976, 007-502-08 007-502-07 505 N VIRGINIA Covered and uncovered 7,000 SF parking Vacant land Zoned MUDR Zoned MUDR E 5th St ADDRESS/ CURRENT NOTES APN BUILDING SF LAND SF INCOME (YR)

505 N CENTER Vacant land 0 7,000 SF 007-502-07 Zoned MUDR

6,456 SF + Chalet Motel -Closed 515 N CENTER 592 SF unfinished 11,200 SF Built 1959 007-502-06 basement Zoned MUDR

1,608 SF + Single Family Residence boarded up 525 N CENTER 1,608 finished 9,800 SF Built 1958 007-502-05 basement Zoned MUDR

Motel - Closed 537 N CENTER 3,100 SF 7,000 SF Built 1959 007-502-04 Zoned MUDR

545 N CENTER Vacant land 0 7,000 SF 007-502-03 Zoned MUDR The assemblage is directly in the heart of Reno's Downtown and just blocks south from the University of Nevada, a Tier 1 University. Directly to the west of the parcel is the 'Row' properties owned by publicly traded Eldorado Resort, which is currently reinvesting over $50 million into the properties.

Directly to the north of the property, University Housing Group has Canyon Flats closed on and is beginning construction on a six-story, 158-unit Student Housing student housing complex that could house up to 508 students with a Expected completion for that development 24-hour fitness center, a coffee bar, study rooms on each floor, and a is august of 2020 rooftop pool. It's expected that the project will encourage redevelopment on surrounding streets.

Directly to the southeast of the property is the Reno Event Center, a 7,000-seat multi-purpose arena for events that range from top-notch entertainment to a variety of conventions and conferences.

N. Center St

S. Virginia St.

E 5th St

ABOUT THE AREA Proposed UNR DOWNTOWN MAP Business School

Canyon Flats Student Housing

Property Sites

N VIRGINIA ST

N SIERRA ST

W 2ND ST

Truckee River N DOWNTOWN RENO MAP SUBJECT PROPERTY 6 27 13 15 14 23 22 2 24 1 28 5 18 3 19 26 17 20 12 9 8 7 21 10 4 25 11

RESIDENTIAL INSTITUTIONAL CULTURAL/ENTERTAINMENT HOSPITALITY 1. 3RD STREET FLATS 6. UNIVERSITY OF NEVADA RENO 11. CHILDREN’S DISCOVERY MUSEUM 17. PIONEER CENTER 22. MARRIOTT COURTYARD INN 2. THE MONTAGE 7. UNR - INNEVATION CENTER 12. CINEMARK CENTURY THEATER 18. FITNESS FOR 10 23. WHITNEY PEAK AND BASE CAMP 3. THE PALLADIO 8. COUNTY COURTHOUSE 13. FREIGHT HOUSE DISTRICT 19. WEST ELM 24. HARRAHS 4. PARK TOWERS 9. STATE COURTHOUSE 14. CARGO 20. PATAGONIA 25. CAMPO 5. RIVERWALK TOWER 10. FEDERAL COURTHOUSE 15. GREATER NEVADA FIELD 21. LIBERTY FOOD AND WINE 26. THE STICK (RENO ACES AND 1868 FOOTBALL) EXCHANGE 27. SILVER LEGACY HOTEL CASINO 16. NEVADA MUSEUM OF ART 28. SIENA HOTEL OPPORTUNITY ZONE

This property is located within the Opportunity Zone. Investors who sell assets have 180 days to roll their taxable capital gains into an approved opportunity fund, which must hold 90% of its assets in Opportunity Zone projects. To put money to work fast, the law requires that the funds invest all of their cash within some specified time frame. (The Treasury Department is still deciding on that and other crucial details.) Tax on the original reinvested gain isn't due until 2026, and the taxable gain is cut by 15%. Meanwhile the new opportunity investment grows tax-free, like a Roth IRA, provided it's held for at least ten years. (If it's sold earlier, it can be rolled into another opportunity fund and remain tax-free.) Unlike previous development incentives such as Enterprise Zones and New Market Tax credits, which capped tax benefits and placed restrictions on the industries and regions you could invest in, the O-zone law is broad and scalable. Vice businesses (liquor stores, casinos, massage parlors) are barred. To qualify for tax perks, they must make swift and significant upgrades (at least equal to the cost of the initial purchase).

OPPORTUNITY ZONE

Property Site CANYON FLATS STUDENT HOUSING DEVELOPMENT - Adjacent North

Directly adjacent to the subject property, the University Housing Group plans to develop Canyon Flats, a six-story, 158 unit student housing project in downtown Reno. The 'L-shaped' project will take over a portion of 6th and 7th streets from N. Virginia to N. Center streets, across from the Circus Circus hotel-casino.

The development will include one, two, three, and four bedroom apartments. They plan to build a rooftop deck with a pool, 24-hour fitness center, and study rooms on every floor. Each of the units will come fully furnished and will include cable and WiFi.

Construction on Canyon Flats is scheduled to start Fall 2018 with a tentative summer opening in 2020. UNIVERSITY OF NEVADA, RENO

The University of Nevada, Reno, plays an integral role with The College of Engineering has seen unprecedented growth in its developing and maintaining a diverse and professional business student enrollment, and is attracting top-quality faculty who are economy in the Reno/Sparks/Tahoe area. Located just north of the engaging students and conducting cutting-edge research. The downtown district, the UNR campus provides 145 undergraduate and University of Nevada, Reno has a well-established engineering 124 graduate programs for one of the more affordable universities in complex with the Paul Laxalt Mineral Engineering, Paul Laxalt Mineral the area. Current students pay 80 percent less than the average Tier 1 Research, Palmer Engineering, Scrugham Engineering and Mines, Institution, making UNR one of the most affordable and high-quality Harry Reid Engineering Laboratory, and Earthquake Engineering universities in the West. Laboratory. The addition of a new 87,000 square foot, state-of-the art Engineering Building will catapult the College of Engineering's The College of Business in particular is one of the strongest assets for research capacity and provide students with the opportunity to work the university, offering degree programs ranging from accounting shoulder-to-shoulder with faculty who are solving real-world and business administration to information systems and gaming problems. management. The College of Business even offers minor degrees for cyber security and entrepreneurship, both vital assets for Beyond providing a high quality and affordable education for its professional labor in today’s economy. students, UNR is dedicated to building a genuine sense of community in Northern Nevada. THE ROW - Adjacent to the West

Eldorado Resorts, Inc. presents a one of a kind, unified and distinguished Eldorado Resorts, Inc. acquired Silver Legacy Resort Casino and Circus Circus resort experience with the addition of THE ROW—a newly branded Reno in 2015. With three interconnected properties, and with the destination in the heart of Reno, uniting the Eldorado Resort Casino, Silver implementation of unified guest services, the overarching brand was Legacy Resort Casino and Circus Circus Reno. Stretching across four city imminent. Now, with 20 properties nationwide, the prestige and progressive blocks, THE ROW encompasses 25 restaurants, 22 bars and lounges, 11 brand of Eldorado Resorts, Inc. is reflected within the burgeoning growth of nightspots, over 4,000 luxury rooms and suites and 227,000 square feet of Reno. casino space with 3,000 slot machines and 125 table games. In addition, THE ROW has over 4,100 of the best Team Members in the industry. As THE ROW enters phase II of its master renovation plan, guests can expect added amenities through 2019. New to THE ROW later this year is Ruth’s Chris “THE ROW showcases what we do best— providing our guests with Steak House, adding to last year’s culinary additions of Canter’s Delicatessen, exceptional gaming, dining, entertainment experiences and the family-style Kanpai Sushi, El Jefe’s Cantina, Madame Butterwork’s Curious Cafe, The Habit service for which we’re renowned, all in one destination,” said Gregg Carano, Burger Grill, Piezzetta Pizza Kitchen and Panda Express. General Manager and Senior Vice President of Eldorado Resorts, Inc. The iconic Eldorado Showroom recently underwent renovations, and The rebrand is part of Eldorado Resorts, Inc.’s over $100 million investment in continues to host nationally-acclaimed performances, including its current renovated rooms and suites, new restaurants and remodeled event spaces show, “Cirque Paris.” The casino floor expanded its gaming options with the and common areas—showcasing northern Nevada’s most expansive and addition of the Poker Room at Silver Legacy. With new dining options, modern option for integrated hospitality. remodeled event spaces and renovated rooms and suites, THE ROW offers Reno’s newest luxury and modern hospitality to accommodate every traveler. RENO | SPARKS MARKET OVERVIEW

HOW DOES NEVADA STACK UP?

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According to Chiefexecutive.net’s “2017 Top 50 Best #12 Places to do business.”

Most Business-Friendly Tax Climate by the Tax #5 Foundation for 2017.

The Kauffman Foundation Index ranks Nevada as #1 #1 of 25 in “Highest Startup Activity in 2017” for Smaller States.

The Kauffman Foundation Index ranks Nevada as #4 #4 of 25 in “Growth Entrepreneurship 2017” for Smaller States. BROKER CONTACTS

333 Holcomb Ave., Ste. 300 + Reno, Nevada 89502 + 775.850.3100 + DicksonCG.com