MULTI-TENANTRETAIL

INVESTMENTOPPORTUNITY

FOR SALE 100% Leased Multi-Tenant BuildingRetail Pad F w

9670 W. Skye Canyon Park Drive | Las Vegas, NV 89166

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REMINGTON NEVADA5920 S Rainbow Blvd, Suite 11 | Las Vegas, NV, 89118 | (702) 222-1420 | www.remingtonnevada.com

PREPARED BY:

STAN WASSERKRUG702.683.7191

stan@remingtonnevada.com

TOM FEHRMAN - B.0026722.LLC702.239.8066

tom@remingtonnevada.comRealty Advisors

Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Investment HighlightsDemographics

Location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6The AreaAerialSite Plan

Tenant Profiles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Financial Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Rent RollFinancials

Market Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Table of Contents

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Remington Nevada is pleased to present the opportunity to acquire 9670 W. Skye Canyon Park Dr. Las Vegas, NV 89166, (Pad F) at Skye Canyon Marketplace. Pad F is a multi-tenant retail investment offering totaling ±7,649 SF situated on ±1.11 acres (the Property). The Property is 100% leased with both national and local tenants. Pad F presents investors with a stable investment opportunity featuring established tenants and a strong cash flow.

Skye Canyon Marketplace is a 30-acre retail center is located at theentrance to Skye Canyon Master Planned Community. The center

is anchored by the only Smith’s Marketplace in Nevada. The Marketplace is a 125,000 SF store offering much more than the usual Smith’s Grocery fare, including apparel, housewares, decor, toys, and hardware, along with an in-store bar and dining area.

Skye Canyon Marketplace is located less than 1 mile west of the US-95 Skye Canyon Park Dr. Interchange in the growing north- west part of the Las Vegas Valley. The property is currently under construction with an expected completion date of January 2020.

The Offering

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Property Pad F

Address 9670 W . Skye Canyon Park Drive

Purchase Price $4,689,000.00

Price P/S/F $613 .02

Cap Rate 6.0%

NOI $281,340

Year Built 2020

Building Size ±7,649 SF

Land Size ±1.11 Acres

Occupancy 100%

# of Tenants 3

Lease Type NNN Lease

Parcel # 125-07-210-022

Zoning T-D (T-D)

±7,649 SF

100% Leased

National & local tenants

Brand new construction

Smith’s Grocery anchored center

Rapidly growing area with strong demographics

Stable cash flow

No state income tax

High demand area located on Skye Canyon Park Dr., less than 1 mile west of US-95 Interchange

INVESTMENTHIGHLIGHTS

Property Details

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Photos

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DEMOGRAPHICSSKYE CANYON

Skye Canyon, 1,700-acre master-planned community in Northwest Las Vegas, is a new, vibrant community that truly brings indoor and outdoor living to life. Situated between the bright lights of the Las Vegas Strip and the tall timbers of Mt. Charleston, this is a new epicenter of living. A collection of inspired neighbor-hoods dedicated to vitality, relaxation, adventure, balance, and beauty, it has been named as one of the Top 25 Master-Planned Communities. State-of-the-art amenities share the landscape with neighborhood parks, dedicated trails, open space, and the expansive wilderness that awaits nearby. Future development includes plans for a K-5 elementary, middle/junior school, and high school. Skye Canyon is the first master-planned community to break ground in Las Vegas in nearly a decade.

1 Mile 3 Miles 5 Miles

2020 Population 10,792 70,169 105,402

2025 Population 11,970 77,715 116,048

Employees 322 6,810 16,248

Total Businesses 41 889 1,809

Avg. HH Income $80,556 $85,461 $93,107

Med. HH Income $69,345 $74,434 $78,528

Households 3,856 24,730 36,982

Avg. House Value $269,707 $277,482 $316,563

Location

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The Area

STATIONCASINO

SITE

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Aerial

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Site Plan

SUBJECTPARCEL

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Cafe Rio/Cafe Rio Mexican Grill is a fast casual restaurant chain based in Salt Lake City, with branches in Arizona, California, Colorado, Florida, Idaho, Maryland, Montana, Nevada, Utah, Virginia, Washington, and Wyoming. The company specializes in Mexican cuisine. Its menu includes appetizers, tostadas, salads, burritos, desserts, enchiladas, tacos, quesadillas, soups, and beverages. The company also provides catering services. In October 2017, the chain had 120 locations, and as of September 2019, it has grown to 133 locations.

Club Pilates offers Reformer-based Pilates classes, using a modern approach to classical methods, at a price that makes membership attainable. Born in San Diego in 2007, Club Pilates has expanded across the nation bringing Pilates to hundreds of thousands of people. Whether you’re young or old, no matter if you’re mostly sedentary or a more active athlete, there’s a Club Pilates workout fit for everybody.

Omelete Cafe is a casual breakfast and lunch spot known for its menu choices made with the freshest of ingredients. This local favorite serves up traditional breakfasts such as as omelets, wraps or skillets. Chef Ignazio Sessa’s menu also offers the restaurant’s own version of crepes, biscuits and gravy, skillet breakfasts, Eggs Benedict, steak and eggs, country fried steak and omelets. For lunch, choose from burgers, homemade chili, home made soup, hot and cold sandwiches, and salads.

Tenant Profiles

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LIFE INSURANCE CMBS

Max LTV 55% - 65% 65% - 75%

Loan Term 10 Years 10 Years

Rate Index Spread Current Rate Index Spread Current Rate

1.64% 1.90% - 2.10% 3.54% - 3.74% 1.64% 2.10% - 2.40% 3.74% - 4.04%

Amortization 25 Years 30 Years (I/O available under 70% LTV)

Guaranty Non-Recourse Non-Recourse

SKYE CANYON MARKETPLACE - RETAIL PAD FInline Retail - 7,649 SF

Rent Roll

Proposed Financing

Building Suite # Tenant Tenant

TypeBuilding

SFTenancy

TypeEst. Rent

Commencement DateRent Commencement

End DateRent PSF

Monthly Income

Annual Income

Lease Increases

Initial Year Terms Option Periods

#110 Café Rio Corporate 3,000 NNN May/15/2020 May/14/2030 $3.25 $9,750.00 $117,000 10% Every 5 years 10 2 - (5) Five year periods

#130 Club Pilates Regional 1,680 NNN April/20/2020 April/19/2030 $2.85 $4,793.70 $57,524 10% Every 5 years 10 1 - (5) Five Year Periods

#150 Omelet Café Local 2,969 NNN April/13/2020 April/12/2025 $3.00 $8,907.00 $106,884 10% Every 5 years 10 2 - (5) Five Year Periods

Sub-Total 7,649 $23,445.00 $281,340

Financing information provided by CommCap Advisors ( www.commcapnv.com ), a full service commercial mortgage banking firm specializing in the origination and servicing of commercial loans in excess of $1 million. For more information please contact Kyle Nagy (knagy@commcapnv.com) or Sebastian Torres (storres@commcapnv.com).

+ +

Financial Summary

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Nevada has been named the “Best State for Future Job Growth” by Forbes and is projected to add jobs at an annual rate of 2.6% through 2020, which is the best forecast of any state,

based on data form Moody’s Analytics.

Nevada has been named the “Best State for Future Job Growth” by Forbes and is projected to add jobs at an annual rate of 2.6% through 2020, which is the best forecast of any state,

based on data form Moody’s Analytics.

Easily accessible from most major metropolitan areas in the West Las Vegas is a central destination for businesses and population centers including Los Angeles, San Diego, San Francisco, Phoenix, Denver, Salt Lake City and Reno. The northwest area of Las Vegas is served by three major freeways: I-15, US 95 and the I-215 beltway.

McCarran International Airport is one of the nation’s busiest airports serving more than 34 airlines and providing nonstop service to 144 domestic and international destinations. The airport’s central location allows for direct flights to virtually everywhere in the country.

The unemployment rate in Las Vegas has been steadily declining for the past eight years, holding at 4.1% as of October 2019. Population for the MSA has simultaneously risen to a historic high of 2.2 million, an increase of 2.2% year-over-year. The construction industry has seen the fastest growth in Nevada over the past 12 months, followed by manufacturing. The professional and business services industry added the most jobs with 11,300 created over the past year.

OVERVIEW

Las Vegas bases much of its popularity on its quality of life, housing, affordability, and low taxes. The area remains an excellent choice for real estate investment. The average price of a residence in Las Vegas has increased by 4.4%, up to $299.9K since last year.

HOUSING

TRANSPORTATION

EMPLOYMENT

Las Vegas is centrally located between Southern California, Phoenix, Denver and Salt Lake City. The city anchors the Las Vegas Valley metropolitan area and is the largest city within the greater Mojave Desert. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. The economy is highly diversified: driven by tourism, entertainment and gaming, as well as retail trade, professional and financial services, and a large government sector. A business-friendly climate and a wide range of housing options help to make Las Vegas continually change and grow.

Market Overview

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Las Vegas By The Numbers

Annual Visitors 42,116,800

Projected Growth 2.2%

Projected Job Growth (thru 2020) 2.6%

Conventions Held Annually 24,000

Annual Convention Attendance 6,500,000

Annual Passengers-McCarran Airport 49,716,584

Tourism Revenue $35,000,000,000

Available Hotel Rooms 147,238

The Las Vegas metropolitan area is internationally recognized as one of the most exciting lifestyle and entertainment destinations in the world. It encompasses nearly 8,000 square miles with a growing population of over 2 million. Las Vegas is a pro-business environment with no personal or corporate income taxes, and no estate tax, attracting decision makers and companies seeking low business costs, access to national and global markets, and proximity to a large and highly skilled workforce.

Known as “The Entertainment Capital of the World,” Las Vegas is considered the premier global destination for entertainment, conferences, shopping, fine dining, recreation, gaming and live shows. Las Vegas also represents one of the most promising real estate investment markets in America due to the low cost of living, attractive lifestyle and diversifying employment opportunities.

By acknowledging your receipt of this Offering Memorandum from Remington Nevada, you agree to the following:

1. This Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest confidence; and3. You will not, directly or indirectly disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the property. It is not to be used for any other purpose or made available to any other person without the express prior written consent of Remington Nevada. Neither the Seller nor their officers, employees or agents makes any representation or warranty, expressed or implied, as to the accuracy or completeness of this Offering Memorandum, or any of its contents, and no legal liability is assumed or shall be implied with respect thereto. Any prospective purchaser must make his or her own independent investigation, projections and conclusions regarding the acquisition of the Property, without reliance on this memorandum or any other confidential information. Prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts.

Remington Nevada expressly reserves the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum, or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof.

DISCLAIMER

REMINGTON NEVADA5920 S Rainbow Blvd., Suite 11 | Las Vegas, NV, 89118 | (702) 222-1420 | www.remingtonnevada.com

STAN WASSERKRUG702.683.7191

stan@remingtonnevada.com

TOM FEHRMAN - B.0026722.LLC702.239.8066

tom@remingtonnevada.com