1120 n. nellis boulevard, las vegas, nevada 89110 · review this opportunity and make an offer to...

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The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. 1120 N. Nellis Boulevard - Competition Motors OFFERING MEMORANDUM COMPETITION MOTORS Owner Operator - 65 Car Indoor/Outdoor Used Car Dealership 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 Sun Commercial Real Estate, Inc.

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Page 1: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition MotorsOFFERING MEMORANDUM

COMPETITION MOTORSOwner Operator - 65 Car Indoor/Outdoor Used Car Dealership 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110

SunCommercial Real Estate, Inc.

Page 2: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

Cathy Jones, CPA, SIOR, CCIMCEO

[email protected]

Roy FritzSenior Vice President

[email protected]

Jennifer LehrSenior Associate

[email protected]

Sun Commercial Real Estate, Inc.6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148

702 | 968 | 7300 Ph • 702 | 968 | 7301 Faxwww.SunCommercialRE.com

Jessica CegavskeVice President702-968-7321

[email protected]

ContaCts

Page 3: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

Confidentiality & disClosure

SUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described herein (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed information (the “Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro-forma is delivered only as an accommodation and neither the Seller, Broker , nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro-forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

Cathy Jones, CPA, SIOR, [email protected]

Page 4: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

Investment SummaryProperty SummaryProperty PhotosAssessor Parcel MapLas Vegas Valley Location Map

Location Overview Section 2

Las Vegas Retail & Northeast Las Vegas Submarket ReviewArea Demographics

Property Overview Section 1

table of Contents

Page 5: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

investment summary

THE OFFERING

The Investment Services Group at Sun Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire Competition Motors, a ±9,180 square foot freestanding used car dealership. The Property is situated on 1.01 acres and located on N. Nellis Boulevard just south of E. Washington Avenue having the civic address of 1120 N. Nellis Boulevard, Las Vegas, NV 89110. The property includes an indoor showroom that holds ±24 cars and an exterior car lot that holds ±41 cars. As of 2017, there are 429,384 residents within a 5-mile radius with an average household income of $50,479. This is a turnkey investment property that includes the Land, Building, all Personal Property.

Asking Price:

Ownership:

Total Building Area:

APN: 140-28-314-037

Total Land:

Zoning: C-2 (No Special Use Permit required for this Zoning)

$3,400,000

Fee Simple

±9,180 SF ability to expand to ±11,980 SF

±1.01 Acres

INVESTMENT HIGHLIGHTS

• Turnkey Investment - Includes Land, Building, and all Personal Property• Largest Indoor Used Car Showroom in the entire Las Vegas Valley• Established Clientele with Strong Operating History• Dense Demographics of 429,384 residents within 5 miles - 56.6% Hispanic • Located within a Dominate Retail Corridor with National Tenants including: Kroger (Smiths), Wal-Mart, Goodwill, Ross and

Target• Opportunity to Develop ±2,800 SF On-Site Repair facility in the rear • Location eligible for marijuana dispensary license according to Clark County Planning

SUMMARY

Page 6: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

Property Location:

Property Description:

Assessor Parcel Number:

Site Size:

Building Size:

Exterior Car Lot:

Indoor Showroom:

Construction Year:

Traffic Counts:

The subject property is located on N. Nellis Boulevard just south of E. Washington Avenue having the civic address of 1120 N. Nellis Boulevard, Las Vegas, NV 89110. The property offers direct access to Nellis Boulevard with strong traffic counts of ±38,000 cars per day. The Property is located within a large retail corridor with national tenants, including Smith’s, Wal-Mart, Goodwill, Ross, and Target to the south of the property. As of 2017, there are approximately 219,296 residents living within a three (3) mile radius and the average household income is $53,730.

The property consists of a single story retail used car dealership building with a ±41 car exterior sales lot and a ±24 car indoor showroom, situated on ±1.01 acres. The rear of the building provides an additional 11 parking spaces with plans for an additional 2,800 SF of repair/service space. The property offers great visibility along N. Nellis Boulevard with easy access in and out of the sales lot. According to Clark County Planning, the location at 1120 Nellis is eligible for a marijuana dispensary license.

140-28-314-037

± 1.01 Acres

± 9,180 SF with the ability to expand the rear of the buiding an additional ± 2,800 SF

± 41 Cars

± 24 Cars

2006

On Nellis Blvd., N. of Washington Ave.: ±38,000 CPD

ProPerty summary

Page 7: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

ProPerty Photos

Page 8: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

ProPerty Photos

Page 9: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

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This map is for assessment use only and does NOT represent a survey.

No liability is assumed for the accuracy of the data deliniated herein.Information on roads and other non-assessed parcels may be obtainedfrom the Road Document Listing in the Assessor's Office.

This map is compiled from official records, including surveys and deeds,but only contains the information required for assessment. See therecorded documents for more detailed legal information.

MA

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USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

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Scale: 1" = 200 ' 02/09/2011

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This map is for assessment use only and does NOT represent a survey.

No liability is assumed for the accuracy of the data deliniated herein.Information on roads and other non-assessed parcels may be obtainedfrom the Road Document Listing in the Assessor's Office.

This map is compiled from official records, including surveys and deeds,but only contains the information required for assessment. See therecorded documents for more detailed legal information.

MA

PLE

GE

ND

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200 ' 02/09/2011

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Michele W. Shafe - Assessor

Page 10: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

las vegas valley loCation maP

Page 11: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

las vegas retail market review

8 CoStar Retail Statistics ©2017 CoStar Group, Inc.

Las Vegas � Mid-Year 2017

Las Vegas Retail MarketMid-Year 2017 – Las Vegas

Las Vegas Retail Market

©2017 CoStar Group, Inc. CoStar Retail Statistics 9

General Retail Market Statistics Mid-Year 2017

YTD Net YTD Under Quoted

Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 638 5,307,641 425,791 514,858 9.7% 4,493 0 0 $12.41

Central West Las Vegas Ret 700 6,108,488 160,528 160,528 2.6% 13,285 6,061 9,000 $16.62

East Las Vegas Ret 304 2,077,281 50,441 50,441 2.4% 3,825 2,200 90,000 $19.42

North Las Vegas Ret 253 1,805,544 61,914 61,914 3.4% 37,408 0 23,000 $16.01

Northeast Las Vegas Ret 466 2,675,782 96,477 136,887 5.1% 102,156 0 0 $13.99

Northwest Las Vegas Ret 148 1,787,692 50,910 50,910 2.8% 22,789 0 3,240 $16.38

Outlying NE Clark Cnty Ret 77 987,438 50,778 50,778 5.1% 2,652 0 0 $13.00

Outlying NW Clark Cnty Ret 3 8,572 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 22 79,263 0 0 0.0% 0 0 0 $0.00

Resort Corridor Ret 318 3,612,159 179,814 179,814 5.0% 113,436 74,731 0 $25.60

Southeast Las Vegas Ret 519 5,007,028 174,770 177,074 3.5% 10,200 26,286 34,203 $17.79

Southwest Las Vegas Ret 269 2,598,602 59,542 59,542 2.3% 78,868 36,921 17,640 $24.77

West Las Vegas Ret 177 2,187,911 49,660 49,660 2.3% 47,146 0 0 $24.17

Totals 3,894 34,243,401 1,360,625 1,492,406 4.4% 436,258 146,199 177,083 $17.23

Source: CoStar Property®

Mall Market Statistics Mid-Year 2017

YTD Net YTD Under Quoted

Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 5 2,742,317 210,760 210,760 7.7% 0 0 0 $15.62

Central West Las Vegas Ret 1 970,304 105,337 105,337 10.9% (99,687) 0 0 $16.50

East Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

North Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Northeast Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Northwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying NE Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying NW Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Resort Corridor Ret 3 2,951,697 4,000 4,000 0.1% 5,000 0 0 $0.00

Southeast Las Vegas Ret 3 1,600,250 50,464 50,464 3.2% 17,838 0 0 $28.69

Southwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

West Las Vegas Ret 3 1,277,625 233,651 233,651 18.3% 3,673 76,353 0 $28.74

Totals 15 9,542,193 604,212 604,212 6.3% (73,176) 76,353 0 $18.26

Source: CoStar Property®

Power Center Market Statistics Mid-Year 2017

YTD Net YTD Under Quoted

Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 1 622,029 97,803 97,803 15.7% 2,286 0 0 $12.00

Central West Las Vegas Ret 2 969,882 5,546 5,546 0.6% 4,734 0 0 $0.00

East Las Vegas Ret 2 895,687 40,811 40,811 4.6% 2,480 0 0 $13.08

North Las Vegas Ret 5 1,924,403 157,988 157,988 8.2% 27,263 0 0 $18.81

Northeast Las Vegas Ret 1 350,554 4,000 4,000 1.1% 0 0 0 $0.00

Northwest Las Vegas Ret 3 1,301,218 59,364 59,364 4.6% (41,966) 0 0 $27.33

Outlying NE Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying NW Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Resort Corridor Ret 1 959,065 27,254 27,254 2.8% 24,961 0 0 $0.00

Southeast Las Vegas Ret 5 2,147,965 114,037 114,037 5.3% (24,514) 0 0 $24.28

Southwest Las Vegas Ret 4 3,186,679 76,479 78,879 2.5% 17,983 0 0 $21.50

West Las Vegas Ret 4 1,998,575 86,726 86,726 4.3% 3,060 0 0 $23.35

Totals 28 14,356,057 670,008 672,408 4.7% 16,287 0 0 $19.34

Source: CoStar Property®

Existing Inventory Vacancy

Existing Inventory Vacancy

Existing Inventory Vacancy

Figures at a Glance

10 CoStar Retail Statistics ©2017 CoStar Group, Inc.

Las Vegas � Mid-Year 2017

Las Vegas Retail MarketMid-Year 2017 – Las Vegas

Las Vegas Retail Market

©2017 CoStar Group, Inc. CoStar Retail Statistics 11

Shopping Center Market Statistics Mid-Year 2017

YTD Net YTD Under Quoted

Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 155 6,988,351 900,237 1,011,197 14.5% 14,245 14,160 0 $14.30

Central West Las Vegas Ret 201 9,053,122 986,817 1,047,212 11.6% 17,443 0 0 $14.14

East Las Vegas Ret 56 2,494,725 189,964 199,664 8.0% 59,489 0 0 $16.59

North Las Vegas Ret 74 5,369,575 596,017 697,639 13.0% (101,022) 0 0 $19.42

Northeast Las Vegas Ret 89 3,645,910 334,803 383,485 10.5% 21,914 0 0 $14.07

Northwest Las Vegas Ret 50 3,580,241 285,788 287,418 8.0% (10,970) 0 81,540 $19.49

Outlying NE Clark Cnty Ret 10 459,275 63,045 63,045 13.7% 24,018 0 0 $11.60

Outlying NW Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 3 146,296 51,000 51,000 34.9% 0 0 0 $0.00

Resort Corridor Ret 22 420,054 25,771 25,771 6.1% 17,935 16,464 0 $30.80

Southeast Las Vegas Ret 181 11,413,538 1,251,821 1,377,233 12.1% 96,426 17,012 32,543 $16.90

Southwest Las Vegas Ret 103 3,935,056 357,931 360,331 9.2% 93,604 91,370 0 $20.31

West Las Vegas Ret 81 4,805,586 491,309 492,659 10.3% (65,845) 0 0 $33.79

Totals 1,025 52,311,729 5,534,503 5,996,654 11.5% 167,237 139,006 114,083 $17.84

Source: CoStar Property®

Specialty Center Market Statistics Mid-Year 2017

YTD Net YTD Under Quoted

Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 1 182,863 30,000 30,000 16.4% 0 0 0 $0.00

Central West Las Vegas Ret 2 284,316 0 0 0.0% 0 0 0 $0.00

East Las Vegas Ret 1 10,000 0 0 0.0% 0 0 0 $0.00

North Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Northeast Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Northwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying NE Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying NW Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 2 618,034 63,263 63,263 10.2% 1,273 0 0 $20.01

Resort Corridor Ret 3 1,194,078 146,188 146,188 12.2% 0 0 0 $18.90

Southeast Las Vegas Ret 2 586,413 72,906 72,906 12.4% (35,338) 0 0 $28.69

Southwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00

West Las Vegas Ret 1 74,069 6,112 6,112 8.3% 300 0 0 $25.93

Totals 12 2,949,773 318,469 318,469 10.8% (33,765) 0 0 $21.82

Source: CoStar Property®

Total Retail Market Statistics Mid-Year 2017

YTD Net YTD Under Quoted

Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates

Central East Las Vegas Ret 1,055 15,843,201 1,664,591 1,864,618 11.8% 21,024 14,160 0 $14.02

Central West Las Vegas Ret 1,198 17,386,112 1,258,228 1,318,623 7.6% (64,225) 6,061 9,000 $14.49

East Las Vegas Ret 485 5,477,693 281,216 290,916 5.3% 65,794 2,200 90,000 $16.64

North Las Vegas Ret 617 9,099,522 815,919 917,541 10.1% (36,351) 0 23,000 $19.03

Northeast Las Vegas Ret 689 6,672,246 435,280 524,372 7.9% 124,070 0 0 $14.04

Northwest Las Vegas Ret 386 6,669,151 396,062 397,692 6.0% (30,147) 0 84,780 $19.32

Outlying NE Clark Cnty Ret 98 1,446,713 113,823 113,823 7.9% 26,670 0 0 $11.99

Outlying NW Clark Cnty Ret 3 8,572 0 0 0.0% 0 0 0 $0.00

Outlying S Clark Cnty Ret 29 843,593 114,263 114,263 13.5% 1,273 0 0 $20.01

Resort Corridor Ret 384 9,137,053 383,027 383,027 4.2% 161,332 91,195 0 $24.70

Southeast Las Vegas Ret 1,263 20,755,194 1,663,998 1,791,714 8.6% 64,612 43,298 66,746 $18.00

Southwest Las Vegas Ret 653 9,720,337 493,952 498,752 5.1% 190,455 128,291 17,640 $21.15

West Las Vegas Ret 534 10,343,766 867,458 868,808 8.4% (11,666) 76,353 0 $31.17

Totals 7,394 113,403,153 8,487,817 9,084,149 8.0% 512,841 361,558 291,166 $17.97

Source: CoStar Property®

Existing Inventory Vacancy

Existing Inventory Vacancy

Existing Inventory Vacancy

Figures at a Glance

Page 12: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

northeast las vegas submarket review

20 CoStar Retail Statistics ©2017 CoStar Group, Inc.

Las Vegas – Mid-Year 2017

Las Vegas Retail MarketMarket Highlights – Class “A, B & C”

©2017 CoStar Group, Inc. CoStar Retail Statistics 21

Mid-Year 2017 – Las Vegas

Las Vegas Retail MarketMarket Highlights – Class “A, B & C”

N o r t h e a s t L a s V e g a s M a r k e t

Deliveries, Absorption & Vacancy Historical Analysis, All Classes

Source: CoStar Property®

Vacant Space Quoted Rental RatesHistorical Analysis, All Classes Historical Analysis, All Classes

Source: CoStar Property® Source: CoStar Property®

Net QuotedPeriod # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates

2017 2q 689 6,672,246 524,372 7.9% 111,271 0 0 0 0 $14.04

2017 1q 689 6,672,246 635,643 9.5% 12,799 0 0 0 0 $14.00

2016 4q 689 6,672,246 648,442 9.7% (16,056) 1 5,500 0 0 $13.64

2016 3q 688 6,666,746 626,886 9.4% 11,235 0 0 1 5,500 $13.24

2016 2q 688 6,666,746 638,121 9.6% (552) 0 0 1 5,500 $13.66

2016 1q 688 6,666,746 637,569 9.6% 1,814 0 0 0 0 $13.02

2015 4q 688 6,666,746 639,383 9.6% 126,012 0 0 0 0 $13.07

2015 3q 687 6,649,746 748,395 11.3% 37,583 0 0 1 17,000 $12.40

2015 2q 687 6,649,746 785,978 11.8% 22,524 0 0 1 17,000 $12.58

2015 1q 687 6,649,746 808,502 12.2% (68,523) 1 815 0 0 $12.74

2014 4q 686 6,648,931 739,164 11.1% 112,281 2 8,150 1 815 $12.49

2014 3q 684 6,640,781 843,295 12.7% 22,570 0 0 3 8,965 $12.11

2014 2q 684 6,640,781 865,865 13.0% (3,436) 1 5,395 2 8,150 $11.89

2014 1q 683 6,635,386 857,034 12.9% (57,129) 0 0 1 5,395 $12.21

2013 4q 683 6,635,386 799,905 12.1% (22,877) 0 0 1 5,395 $12.41

2013 3q 683 6,635,386 777,028 11.7% (71,351) 0 0 1 5,395 $13.16

Source: CoStar Property®

UC InventoryDelivered InventoryExisting Inventory Vacancy

(0.100)

(0.050)

0.000

0.050

0.100

0.150

2014 1q 2014 2q 2014 3q 2014 4q 2015 1q 2015 2q 2015 3q 2015 4q 2016 1q 2016 2q 2016 3q 2016 4q 2017 1q 2017 2q

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

Delivered SF Absorption SF Vacancy

$12.40

$12.60

$12.80

$13.00

$13.20

$13.40

$13.60

$13.80

$14.00

$14.20

2016 1q 2016 3q 2017 1q

Dollars

/SF/Y

ear

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

2016 1q 2016 2q 2016 3q 2016 4q 2017 1q 2017 2q

Direct SF Sublet SF

Page 13: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition MotorsDemographic and Income Profile1120 N Nellis Blvd, Las Vegas, Nevada, 89110 Prepared by EsriRing: 1 mile radius Latitude: 36.18005

Longitude: -115.06208

Summary Census 2010 2017 2022Population 25,050 26,497 27,900Households 6,998 7,177 7,475Families 5,605 5,729 5,964Average Household Size 3.58 3.69 3.73Owner Occupied Housing Units 3,667 3,463 3,540Renter Occupied Housing Units 3,331 3,714 3,934Median Age 28.7 29.2 29.8

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 1.04% 1.52% 0.83%Households 0.82% 1.40% 0.79%Families 0.81% 1.36% 0.71%Owner HHs 0.44% 1.39% 0.72%Median Household Income 0.68% 1.45% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 1,013 14.1% 1,081 14.5%$15,000 - $24,999 968 13.5% 988 13.2%$25,000 - $34,999 993 13.8% 949 12.7%$35,000 - $49,999 1,352 18.8% 1,318 17.6%$50,000 - $74,999 1,418 19.8% 1,343 18.0%$75,000 - $99,999 679 9.5% 831 11.1%$100,000 - $149,999 584 8.1% 741 9.9%$150,000 - $199,999 113 1.6% 148 2.0%$200,000+ 58 0.8% 77 1.0%

Median Household Income $40,477 $41,872Average Household Income $51,184 $56,724Per Capita Income $13,999 $15,338

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 2,391 9.5% 2,431 9.2% 2,577 9.2%5 - 9 2,473 9.9% 2,348 8.9% 2,416 8.7%10 - 14 2,350 9.4% 2,290 8.6% 2,312 8.3%15 - 19 2,122 8.5% 2,200 8.3% 2,242 8.0%20 - 24 1,853 7.4% 2,199 8.3% 2,257 8.1%25 - 34 3,734 14.9% 4,053 15.3% 4,339 15.6%35 - 44 3,580 14.3% 3,443 13.0% 3,668 13.1%45 - 54 2,901 11.6% 3,053 11.5% 3,034 10.9%55 - 64 1,982 7.9% 2,279 8.6% 2,466 8.8%65 - 74 1,085 4.3% 1,488 5.6% 1,701 6.1%75 - 84 463 1.8% 571 2.2% 721 2.6%

85+ 119 0.5% 144 0.5% 166 0.6%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 11,911 47.5% 11,780 44.5% 11,713 42.0%Black Alone 2,489 9.9% 2,767 10.4% 2,950 10.6%American Indian Alone 251 1.0% 263 1.0% 271 1.0%Asian Alone 1,032 4.1% 1,133 4.3% 1,249 4.5%Pacific Islander Alone 199 0.8% 205 0.8% 215 0.8%Some Other Race Alone 8,126 32.4% 9,200 34.7% 10,271 36.8%Two or More Races 1,042 4.2% 1,149 4.3% 1,230 4.4%

Hispanic Origin (Any Race) 15,791 63.0% 17,556 66.3% 19,110 68.5%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

August 14, 2017

©2017 Esri Page 1 of 6

Demographic and Income Profile1120 N Nellis Blvd, Las Vegas, Nevada, 89110 Prepared by EsriRing: 1 mile radius Latitude: 36.18005

Longitude: -115.06208

AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2017 Household Income 2017 Household Income

<$15K14.1%

$15K - $24K13.5%$25K - $34K

13.8%

$35K - $49K18.8%

$50K - $74K19.8%

$75K - $99K9.5%

$100K - $149K8.1%

$150K - $199K1.6%

$200K+0.8%

2017 Population by Race2017 Population by Race

Perc

ent

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2017 Percent Hispanic Origin: 66.3%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

August 14, 2017

©2017 Esri Page 2 of 6

area demograPhiCs (1 mile radius)

Page 14: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

area demograPhiCs (3 mile radius)Demographic and Income Profile1120 N Nellis Blvd, Las Vegas, Nevada, 89110 Prepared by EsriRing: 3 mile radius Latitude: 36.18005

Longitude: -115.06208

Summary Census 2010 2017 2022Population 203,107 219,296 234,043Households 61,087 64,520 68,313Families 45,425 47,656 50,337Average Household Size 3.30 3.38 3.41Owner Occupied Housing Units 33,605 32,839 34,312Renter Occupied Housing Units 27,482 31,681 34,001Median Age 30.1 30.8 31.7

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 1.31% 1.52% 0.83%Households 1.15% 1.40% 0.79%Families 1.10% 1.36% 0.71%Owner HHs 0.88% 1.39% 0.72%Median Household Income 0.66% 1.45% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 8,516 13.2% 9,264 13.6%$15,000 - $24,999 8,839 13.7% 9,182 13.4%$25,000 - $34,999 9,485 14.7% 9,306 13.6%$35,000 - $49,999 11,408 17.7% 11,352 16.6%$50,000 - $74,999 11,832 18.3% 11,246 16.5%$75,000 - $99,999 6,978 10.8% 8,449 12.4%$100,000 - $149,999 5,157 8.0% 6,535 9.6%$150,000 - $199,999 1,487 2.3% 1,915 2.8%$200,000+ 818 1.3% 1,064 1.6%

Median Household Income $40,811 $42,184Average Household Income $53,730 $59,455Per Capita Income $16,174 $17,693

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 18,403 9.1% 18,958 8.6% 20,310 8.7%5 - 9 17,798 8.8% 17,984 8.2% 18,906 8.1%10 - 14 17,374 8.6% 17,343 7.9% 18,308 7.8%15 - 19 17,689 8.7% 16,720 7.6% 17,174 7.3%20 - 24 15,270 7.5% 17,609 8.0% 17,048 7.3%25 - 34 29,228 14.4% 34,419 15.7% 37,745 16.1%35 - 44 28,749 14.2% 28,110 12.8% 31,135 13.3%45 - 54 25,285 12.4% 25,757 11.7% 25,476 10.9%55 - 64 17,602 8.7% 21,162 9.6% 22,609 9.7%65 - 74 9,926 4.9% 14,024 6.4% 16,221 6.9%75 - 84 4,607 2.3% 5,672 2.6% 7,351 3.1%

85+ 1,175 0.6% 1,538 0.7% 1,761 0.8%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 98,730 48.6% 98,968 45.1% 99,227 42.4%Black Alone 20,295 10.0% 23,570 10.7% 25,808 11.0%American Indian Alone 1,689 0.8% 1,787 0.8% 1,850 0.8%Asian Alone 10,166 5.0% 11,579 5.3% 13,078 5.6%Pacific Islander Alone 1,071 0.5% 1,142 0.5% 1,222 0.5%Some Other Race Alone 61,067 30.1% 70,704 32.2% 80,179 34.3%Two or More Races 10,090 5.0% 11,547 5.3% 12,679 5.4%

Hispanic Origin (Any Race) 116,596 57.4% 132,838 60.6% 147,078 62.8%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

August 14, 2017

©2017 Esri Page 3 of 6

Demographic and Income Profile1120 N Nellis Blvd, Las Vegas, Nevada, 89110 Prepared by EsriRing: 3 mile radius Latitude: 36.18005

Longitude: -115.06208

AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2017 Household Income 2017 Household Income

<$15K13.2%

$15K - $24K13.7%$25K - $34K

14.7%

$35K - $49K17.7%

$50K - $74K18.3%

$75K - $99K10.8%

$100K - $149K8.0%

$150K - $199K2.3%

$200K+1.3%

2017 Population by Race2017 Population by Race

Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2017 Percent Hispanic Origin: 60.6%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

August 14, 2017

©2017 Esri Page 4 of 6

Page 15: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.

1120 N. Nellis Boulevard - Competition Motors

area demograPhiCs (5 mile radius)Demographic and Income Profile1120 N Nellis Blvd, Las Vegas, Nevada, 89110 Prepared by EsriRing: 5 mile radius Latitude: 36.18005

Longitude: -115.06208

Summary Census 2010 2017 2022Population 396,442 429,384 458,635Households 124,905 133,029 141,459Families 85,445 90,144 95,514Average Household Size 3.10 3.15 3.17Owner Occupied Housing Units 60,729 59,666 62,629Renter Occupied Housing Units 64,176 73,363 78,829Median Age 31.6 32.4 33.0

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 1.33% 1.52% 0.83%Households 1.24% 1.40% 0.79%Families 1.16% 1.36% 0.71%Owner HHs 0.97% 1.39% 0.72%Median Household Income 0.53% 1.45% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 21,292 16.0% 23,111 16.3%$15,000 - $24,999 19,565 14.7% 20,417 14.4%$25,000 - $34,999 19,994 15.0% 19,760 14.0%$35,000 - $49,999 23,003 17.3% 23,014 16.3%$50,000 - $74,999 23,152 17.4% 22,207 15.7%$75,000 - $99,999 12,594 9.5% 15,420 10.9%$100,000 - $149,999 9,066 6.8% 11,801 8.3%$150,000 - $199,999 2,650 2.0% 3,485 2.5%$200,000+ 1,703 1.3% 2,233 1.6%

Median Household Income $37,759 $38,768Average Household Income $50,479 $55,989Per Capita Income $16,342 $17,928

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 34,422 8.7% 35,312 8.2% 37,884 8.3%5 - 9 32,484 8.2% 33,067 7.7% 34,688 7.6%10 - 14 30,964 7.8% 31,220 7.3% 33,053 7.2%15 - 19 32,046 8.1% 30,513 7.1% 31,557 6.9%20 - 24 29,886 7.5% 34,245 8.0% 33,731 7.4%25 - 34 57,494 14.5% 66,436 15.5% 72,415 15.8%35 - 44 55,682 14.0% 55,031 12.8% 60,207 13.1%45 - 54 50,656 12.8% 51,451 12.0% 50,955 11.1%55 - 64 37,275 9.4% 44,389 10.3% 47,238 10.3%65 - 74 21,919 5.5% 30,620 7.1% 35,588 7.8%75 - 84 10,696 2.7% 13,180 3.1% 16,859 3.7%

85+ 2,919 0.7% 3,921 0.9% 4,461 1.0%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 192,813 48.6% 194,097 45.2% 194,945 42.5%Black Alone 47,170 11.9% 54,740 12.7% 60,016 13.1%American Indian Alone 3,766 0.9% 4,031 0.9% 4,202 0.9%Asian Alone 19,641 5.0% 23,074 5.4% 26,492 5.8%Pacific Islander Alone 2,157 0.5% 2,341 0.5% 2,550 0.6%Some Other Race Alone 111,681 28.2% 128,932 30.0% 145,958 31.8%Two or More Races 19,214 4.8% 22,168 5.2% 24,472 5.3%

Hispanic Origin (Any Race) 213,677 53.9% 243,080 56.6% 268,953 58.6%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

August 14, 2017

©2017 Esri Page 5 of 6

Demographic and Income Profile1120 N Nellis Blvd, Las Vegas, Nevada, 89110 Prepared by EsriRing: 5 mile radius Latitude: 36.18005

Longitude: -115.06208

AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2017 Household Income 2017 Household Income

<$15K16.0%

$15K - $24K14.7%

$25K - $34K15.0%

$35K - $49K17.3%

$50K - $74K17.4%

$75K - $99K9.5%

$100K - $149K6.8%

$150K - $199K2.0%

$200K+1.3%

2017 Population by Race2017 Population by Race

Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2017 Percent Hispanic Origin: 56.6%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

August 14, 2017

©2017 Esri Page 6 of 6

Page 16: 1120 N. Nellis Boulevard, Las Vegas, Nevada 89110 · review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to

Roy FritzSenior Vice President

[email protected]

Jessica CegavskeVice President702-968-7321

[email protected]

Cathy Jones, CPA, SIOR, CCIMCEO

[email protected]

Jennifer LehrSenior Associate

[email protected]

Exclusively listed by Sun Commercial Real Estate, Inc.:

SunCommercial Real Estate, Inc.