Tropicana Nellis Shopping Center E Tropicana Ave 4900-4970 Las Vegas, Nevada 89121 NWC Tropicana Ave & Nellis Blvd FOR SALE 84,208 SF Shopping Center CONTACT: Dan Adamson 702.550.4934 | [email protected] 9121 W Russell Rd Suite 111 Las Vegas, NV 89148 (P) 702.363.3100 | (F) 702.363.0450 |www.roicre.com The informaon contained herein was obtained from sources believed reliable. However, R.O.I. Commercial Real Estate, Inc. makes no guaranes, warranes, or representaons as to the completeness or accuracy thereof. The presentaon of this informaon submied is subject to errors, omissions, and/or changes without noce. 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Disclaimer R.O.I. Commercial Real Estate, Inc. has been retained as exclusive advisor to the Seller for the sale of Tropicana Nellis Shopping Center (the “Property”), approximately 84,208 square feet on approximately 5.88 acres of land at 4900‐4970 E Tropicana Ave, Las Vegas, NV 89121. This Offering Memorandum has been prepared by R.O.I. Commercial Real Estate, Inc. for use by a limited number of pares and does not purport to provide a necessarily complete summary of the Property or any of the documents related thereto, nor does it purport to be all‐inclusive or to contain all of the informaon which prospecve investors may need or desire. All projecons have been developed by R.O.I. Commercial Real Estate, Inc., the Owner, and designated sources and are based upon assumpons relang to the general economy, compeon, and other factors beyond the control of the Owner and R.O.I. Commercial Real Estate, Inc., therefore, are subject to variaon. No representaon is made by R.O.I. Commercial Real Estate, Inc. or Owner as to the accuracy or completeness of the informaon contained herein, and noth‐ ing contained herein is, or shall be relied on as, a promise or representaon as to the future performance of the Property. Although the informaon contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospecve purchasers to exercise independent due diligence in verifying all such informaon. Further, R.O.I. Commercial Real Estate, Inc., Owner, and its employees disclaim any and all liability for representaons and warranes, expressed and implied, contained in, and omied from, this Offering Memorandum or any other wrien or oral communicaon transmied or made available to the recipient. This Offering Memorandum does not constute a representaon that there has been no change in the business or affairs of the Property or the Owner since the date of preparaon of the package. Analysis and verificaon of the informaon contained in this package is solely the responsibility of the prospecve purchaser. Addional informaon and an opportunity to inspect the Property will be made available upon wrien request to interested and qualified prospecve investors. Owner and R.O.I. Commercial Real Estate, Inc. each expressly reserve the right, at their sole discreon, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any enty at any me with or without noce. Owner shall have no legal commitment or obligaon to any enty reviewing this Offering Memorandum or making an offer to purchase the Property unless and unl a wrien agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any condions to Owner’s obligaons thereunder have been sasfied or waived. R.O.I. Commercial Real Estate, Inc. is not authorized to make any representaons or agreements on behalf of Owner. This Offering Memorandum and the contents, except such informaon which is a maer of public record or is provided in sources available to the public (such contents as so limited herein are called the “Contents”), are of a confidenal nature. By accepng the package, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the package or any of the contents to any other enty (except to outside advisors retained by you, if necessary, for your determinaon of whether or not to make a proposal and from whom you have obtained an agreement of confidenality) without the prior wrien authorizaon of Owner or R.O.I. Commercial Real Estate, Inc., (iv) not use the package or any of the contents in any fashion or manner detrimental to the interest of Owner or R.O.I. Commercial Real Estate, Inc., and (v) to return it to R.O.I. Commercial Real Estate, Inc. immediately upon request of R.O.I. Commercial Real Estate, Inc. or Owner. The informaon contained herein has been obtained from the owner of the property or from other sources we deem reliable. We have no reason to doubt its accuracy, but do not guarantee it. Page 2 roicre.com 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Property 1 Information R.O.I. Commercial Real Estate, Inc. has been selected as the exclusive broker for the sale of this 84,208 Sq. Ft. property located at the northwest corner of Tropicana Ave & Nellis Blvd in Las Vegas, Nevada. ADDRESS 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 APN 161-20-801-007 BUILDING SIZE 84,208 SF LAND AREA 5.88 Acres ZONING General Commercial (C-2) TRAFFIC Tropicana Ave - 28,000 AADT COUNTS Nellis Blvd - 9,400 AADT Source: 2015 NV DOT DESCRIPTION Retail center is anchored by 99 Cents Only, O’Reilly Auto Parts, Nevada Sate Bank, and Rent-A-Center 150,262 residents in a 3 mile radius 1 Mile 3 Mile 5 Mile Population 26,060 150,262 403,020 Ave HH Income $51,590 $56,264 $57,113 Households 8,842 61,430 149,492 Page 3 roicre.com 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Investment 2 Summary BUILDING SIZE 84,208 SF LAND AREA 5.88 Acres YEAR BUILT 1980 OCCUPANCY 87.7% Page 4 roicre.com 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Property 3 Site Plan Page 5 roicre.com 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Site 4 Aerial Page 6 roicre.com E Tropicana Ave 5 Tropicana Nellis Shopping 4900-4970 Las Vegas, Nevada 89121 Rent Roll Lease Lease Unit Tenant Name SF Rent Start End A O’Reilly Auto Parts 8,050 $ 7,245.00 12/01/12 12/31/22 B 99 Cents Only Stores 40,000 $ 15,446.53 11/01/80 12/31/20 C09 Tom’s Smoke Shop 2,040 $ 1,632.00 04/16/12 08/31/17 C10 Boost Mobile 1,152 $ 1,036.80 10/09/13 01/31/17 C11 El Gran Taco 1,440 $ 1,512.00 03/01/00 04/30/20 C12 Kim Tran Miracles Hair & Nails 1,296 $ 1,425.60 04/01/01 6/30/21 C13 Future Tenant 1,440 $ - C14 Best Rate Auto Insurance 1,152 $ 1,267.20 07/01/03 04/30/19 C15 Security Finance 1,650 $ 1,650.00 08/27/99 10/31/17 C16 Future Tenant 5,250 $ - C19 PWS Laundry Co. 2,328 $ 2,677.20 09/01/06 08/31/21 C21 Viva El Salvador Restaurant 2,462 $ 2,462.00 08/01/12 01/31/21 C23 Merry Maids 1,728 $ 1,555.20 03/01/01 06/30/16 D Rent-A-Center 4,000 $ 3,700.00 08/01/05 07/31/17 E Nevada Sate Bank 5,000 $ 6,156.25 11/01/80 10/31/20 F1 Hollywood Furniture 2,400 $ 2,040.00 04/15/12 06/30/17 F2 US Dental 2,820 $ 2,820.00 04/01/01 06/30/21 G Watermill Express Inc - $ 800.00 10/01/94 09/30/19 TOTAL 84,208 $ 53,425.78 Page 7 roicre.com 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Competitive Rental 6 Comparables Address Year Total Asking Rate Asking Rate Occupancy Built Center Inline Anchor Rate Bldg Size BFT Plaza 1 3726-3790 E Flamingo Rd. 1978-1979 90,732 SF $0.60-$0.80 $0.58 64% Las Vegas, NV 89121 Plaza Desert Inn 2 3720 E Desert Inn Rd 1985 61,000 SF $0.90-$1.10 N/A 97% Las Vegas, NV 89121 Renaissance III 3 3330 E Flamingo Rd 1987 225,639 SF $1.25 $0.75 97% Las Vegas, NV 89121 Tropicana Plaza 4 3730 E Tropicana Ave 1975 116,300 $0.75-$1.10 $0.60 69% Las Vegas, NV 89121 Pecos Center 5 7840 W. Lake Mead Blvd 1980 22,146 $0.99 N/A 82% Las Vegas, NV 89128 Page 8 roicre.com Competitive 7 Rental Map 2 4 1 3 5 Page 9 roicre.com 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Anchor Rental 8 Comparables Name/location Size (SF) Year Built Rental Rate K-MART 1 2975 E. Sahara Ave 96,740 1969 $0.43 Q Mall Indoor Swap Meet 2 4440 E Tropicana Ave 49,336 1979 $0.36 Walmart 3 3075 E Tropicana Ave 120,636 1991 $0.35 Sams Club 4 5101 S Pecos Rd 133,764 1991 $0.37 Conn’s Appliances 5 3785 E Tropicana Ave 50,150 1991 $0.52 Sprouts 6 3365 E Tropicana Ave 40,020 1978 $0.50 7 El Super 4624 W Sahara Ave 50,611 1989 $0.60 8 Open Box Buy 30,902 2001 $0.55 Former Smith’s 9 6150 W Flamingo Rd 48,551 1986 $0.55 10 Former Food-4-Less 57,299 2003 $0.67 11 Former Food-4-Less 47,716 1993 $0.67 Page 10 roicre.com Anchor Rental 9 Comparables 6 8 1 7 2 3 4 5 Page 11 roicre.com 4900-4970 E Tropicana Ave, Las Vegas, NV 89121 Improved Sales 10 Comparables Address Year Built Bldg.