FUTURE RETAIL SUBJECT ARVILLE ST. +/- 2.12 ACRES FUTURE RETAIL S. DECATUR BLVD. // 14,200 CPD FUTURE RETAIL ZONED: GENERAL COMMERCIAL (C-2) BLUE DIAMOND RD. // 52,500 CPD FOR SALE OFFERING MEMORANDUM CAMERON GLINTON DAMIAN PHILLIPS DECATUR & Vice President Associate 702.954.4150 702.954.4151 SHELLBOURNE II [email protected] [email protected] CONFIDENTIALITY AGREEMENT This Offering Memorandum contains select information pertaining to the business and affairs By acknowledging your receipt of this Offering Memorandum from LCRE, you agree: of S. Decatur and W. Shelbourne, Las Vegas, NV 89139 This Memorandum was prepared 1. The Offering Memorandum and its contents are confidential; based on information supplied by Seller and Broker. It contains selected information about 2. You will hold it and treat it in the strictest of confidence; and the Property and the real estate market, but does not contain all the information necessary 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this to evaluate the acquisition of the Property. The financial projections contained herein (or Offering Memorandum or its contents in any fashion or manner detrimental to the in any other Confidential Information) are for general reference only. The projections are interest of the Seller. based on assumptions relating to the general economy and local competition, among other factors. Accordingly, actual Seller and LCRE expressly reserve the right, at their sole discretion, results may vary materially from such projections. Various to reject any and all expressions of interest or offers to purchase the documents have been summarized herein to facilitate Property and to terminate discussions with any person or entity reviewing your review; these summaries are not intended to be a this Offering Memorandum or making an offer to purchase the Property comprehensive statement of the terms or legal analysis of unless and until a written agreement for the purchase and sale of the such documents. Property has been fully executed and delivered. The information contained in this Offering Memorandum A prospective purchaser’s sole and exclusive rights with respect to this is confidential and furnished solely for the purpose of a prospective transaction, the Property, or information provided herein review by a prospective purchaser of the Property. It is not or in connection with the sale of the Property shall be limited to those to be used for any other purpose or made available to any expressly provided in an executed Purchase Agreement and shall be other person without the written consent of Seller or Logic subject to the terms thereof. In no event shall a prospective purchaser Commercial Real Estate (LCRE). The material is based in have any other claims against Seller or LCRE or any of their affiliates or any part upon information supplied by the Seller and in part of their respective officers, Directors, shareholders, owners, employees, upon financial information obtained from sources it deems or agents for any damages, liability, or causes of action relating to this reliable. Seller, nor their officers, employees, or agents solicitation process or the marketing or sale of the Property. makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering This Offering Memorandum shall not be deemed to represent the state Memorandum or any of its contents and no legal liability of affairs of the Property or constitute an indication that there has been is assumed or shall be implied with respect thereto. While no change in the state of affairs of the Property since the date this the information contained in the Memorandum and any other Confidential Information is Offering Memorandum. believed to be reliable, neither Broker nor Seller guarantees its accuracy or completeness. Due to the foregoing and since the Property will be sold on an “As Is, Where Is” basis, a LCRE has a policy of proactive broker cooperation with the investment brokerage prospective purchaser must make its own independent investigations, projections, and community. If applicable, a cooperating broker fee of the sales price shall be paid at closing conclusions regarding the acquisition of the Property without reliance on this Memorandum to cooperating broker that procures and represents the buyer that acquires this property. or any other Confidential Information. Although additional Confidential Information which If applicable, cooperation does not include brokers that represent themselves as Principals may include engineering, environmental or other reports may be provided to qualified or broker’s whose member of his immediate family is participating in the purchase of the parties as marketing proceeds, prospective purchasers should seek advice from their own property. No broker will be recognized on a prospect that has previously contacted or been attorneys, accountants, engineers, environmental and other experts. contacted by the Seller or the Seller’s representatives. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT LISTING AGENTS FOR MORE DETAILS. CONTENTS 1 EXECUTIVE SUMMARY 4 MAPS, AERIALS, AND PLANS 10 MARKET OVERVIEW BROKERAGE CAMERON GLINTON Vice President 702.954.4150 [email protected] DAMIAN PHILLIPS Associate 702.954.4151 [email protected] Updated: 08.05.19 EXECUTIVE SUMMARY MAPS, AERIALS, AND PLANS 1 MARKET OVERVIEW EXECUTIVE SUMMARY PROPERTY OVERVIEW LOGIC Commercial Real Estate is pleased to present the opportunity to purchase Panda Express, and many more quality tenants. The Blue Diamond Crossing 2.12 Acres in southwest Las Vegas for $830,000 at $8.98 per square foot. The shopping center featuring Target, Kohls, Ross, Big Lots, Office Depot, and many property is located just east of the Coronado Ranch Community with close proximity more is under 2 miles away. There are countless food and dining options in this to Blue Diamond Rd. The immediate area has seen an influx of new development corridor along with the Silverton Casino that is 2.5 miles from the subject. within the past few years. The Southwest part of the valley continues to be an attractive area for new projects both residential and commercial. This prime Located on Decatur Blvd., that has traffic counts of 14,200 cars per day. The development opportunity is within minutes of the CC 215 Beltway, I-15 Freeway, average household income is $92,106 from the 81,421 people that live in a 3-mile and Las Vegas Blvd. The 2.12 Acre parcel enjoys a location that is convenient radius of the subject property. There are currently 37,852 homes in a 3-mile radius to several major shopping centers along Blue Diamond Rd., such as the Blue with the expectation of 40,606 homes in 2024. Diamond Ranch center which includes Albertsons, Sav-On Pharmacy, Café Rio, W. CAMERO AVE. S. DECATUR BLVD. W. SHELBOURNE AVE. The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 2 EXECUTIVE SUMMARY $830,000 +/- 2.12 AC $391,509 Offering Price Acreage Price Per Acre W. CAMERO AVE. PROPERTY DETAILS Cross Streets: S. Decatur Blvd., and W. Shelbourne Ave. S. DECATUR BLVD. Parcel Number: 176-13-501-018 Submarket: Southwest Zoning: Rural Estates Residential (R-E) W. SHELBOURNE AVE. Planned Land Use: OP - Office Professional INVESTMENT HIGHLIGHTS HIGHLY DESIRABLE RESIDENTIAL LAND IN SW. LAS VEGAS STREET FRONTAGE ON DECATUR +/- 14,200 CPD PRIME DEVELOPMENT OPPORTUNITY STRONG DEMOGRAPHIC SUBMARKET The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 3 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. EXECUTIVE SUMMARY MAPS, AERIALS, AND PLANS 4 MARKET OVERVIEW MAPS, AERIALS, AND PLANS SUBJECT FUTURE RETAIL SUBJECT ARVILLE ST. ARES FUTURE RETAIL S. DECATUR BLVD. // 14,200 CPD FUTURE RETAIL ONED GENERAL COMMERCIAL C-2 BLUE DIAMOND RD. // 52,500 CPD The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 5 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, AND PLANS W. WINDMILL LN. FUTURE RETAIL SUBJECT S. VALLEY VIEW BLVD. S. VALLEY ARVILLE ST. FUTURE RETAIL S. DECATUR BLVD. // 14,200 CPD BLVD. S. DECATUR I-15 FREEWAY // 239,000 CPD I-15 FREEWAY BLUE DIAMOND RD. // 52,500 CPD FUTURE RETAIL ONED GENERAL COMMERCIAL C-2 The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 6 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, AND PLANS FUTURE RETAIL SUBJECT ARVILLE ST. ARES FUTURE RETAIL S. DECATUR BLVD. // 14,200 CPD FUTURE RETAIL ONED GENERAL COMMERCIAL C-2 BLUE DIAMOND RD. // 52,500 CPD The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 7 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, AND PLANS SUBJECT ARES S. DECATUR BLVD. W. SHELBOURNE AVE. W. CAMERO AVE. The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate 8 makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, AND PLANS K . P C O This map is for assessment use only and does NOT represent a survey. A ASSESSOR'S PARCELS - CLARK COUNTY, NV. E