20,817 SF - LoopNet · 2020. 11. 5. · Panaderia Pasteleria Latina 6122 1,200 Duran Brothers L.L.C. 6126 1,200 Smoke Factory 6130 1,200 Las Tapatias 6132 1,200 Las Vegas Car Stereo

CONTACT US

CHARLESTON WEST PLAZA6106 - 6152 W Charleston Blvd Las Vegas, NV 89146

Dan Adamson (P) 702.550.4934 [email protected] Lic # B.0026992.CORP

Edward Lehnardt (P) 702.550.4169 [email protected] Lic # S.0180688

OFFERINGMEMORANDUM

20,817 SF NNN Leased Investment Opportunity

2ROI COMMERCIAL REAL ESTATE

TABLE OFCONTENTS

INVESTMENT SUMMARY 3

SITE PLAN 4

RENT ROLL 5

PROFORMA 6

PROPERTY PHOTOS 7

AREA DEMOGRAPHICS 8

SITE AERIAL 9

DISCLAIMER 10


Description • 20,817 SF 100% occupied center • The property includes three (3) separate buildings:

two freestanding buildings with drive-thru and one multi-tenant building

• E-commerce resistant, varied tenant mix• Desirable store sizes for ease of leasing• The property is located across from the College of

Southern Nevada - Charleston Campus (30,000 students)• 192,000 residents in the 3-mile trade area• Over 65,000 combined traffic count at Charleston Blvd

(34,500 VPD) and Jones Blvd (34,000 VPD) intersection and located just 1 mile south off of US 95 (212,000 VPD)INVESTMENT

SUMMARY

Purchase Price $5,311,664.00

CAP Rate 6.25%

NOI $331,979 (Proforma)

GLA 20,817 SF (Combined)

Land Area 2.13 Acres

Occupancy 100%

APN 138-35-806-001 138-35-806-002138-35-806-003

Major Tenants Farm Basket Subway


SITEPLAN

TENANT NAME UNIT # SQ. FT.Trac-B Exchange L.L.C. 6106 1,000

Advancing Harm Reduction 6108 1,000

Hair by Dorothy 6110 1,000

Storming The Gates of Hell 6112 1,000

Trac-B Exchange L.L.C. 6114 1,200

Beas Professional Service 6116 1,200

Tacos El Compita 6118 - 6120 2,400

Panaderia Pasteleria Latina 6122 1,200

Duran Brothers L.L.C. 6126 1,200

Smoke Factory 6130 1,200

Las Tapatias 6132 1,200

Las Vegas Car Stereo 6134 1,200

Time Out Sports Bar & Grill 6138/6142/6144 4,200

Farm Basket 6148 1,276

Subway 6150 541


RENTROLL

TENANT NAME UNIT # SQ. FT. LEASE RENT RENEWALSTART EXPIRE TERM MONTHLY ANNUAL OPTION

Trac-B Exchange LLC 6106 1,000 10/1/2019 9/30/2022 36 600.00 7,236.00 Three, 3-year

Advancing Harm Reduction 6108 1,000 11/1/2020 9/30/2022 24 1,295.00 15,540.00 Three, 3-year

Legend Beauty 6110 1,000 7/1/2017 6/30/2020 36 750.00 9,135.00 Three, 3-year

Storming The Gates of Hell 6112 1,000 3/1/2020 2/28/2022 24 760.00 7,600.00 Three, 2-year

Trac-B Exchange LLC 6114 1,200 9/1/2016 11/30/2020 51 432.63 5,196.96 Two, 1-year

Beas Professional Service 6116 1,200 12/1/2014 11/30/2022 96 848.72 10,249.56 Three, 2-year

Tacos El Compita 6118, 6120 2,400 9/1/2001 1/31/2023 257 3,302.63 41,724.72 Two, 5-year

Panaderia Pasteleria Latina 6122 1,200 9/1/2003 8/31/2023 240 1,879.00 22,979.52 Two, 5-year

Duran Brothers LLC 6126 1,200 8/1/2019 7/31/2022 36 900.00 11,080.80 Three, 3-year

Smoke Factory 6130 1,200 7/1/2014 6/30/2020 72 1,214.75 14,762.16 Two, 3-year

Las Tapatias 6132 1,200 5/1/2011 4/30/2020 108 1,184.59 14,834.88 Three, 3-year

Las Vegas Car Stereo 6134 1,200 6/1/2013 5/31/2024 132 889.04 10,989.00 None

Time Out Sports Bar & Grill 6138, 6142, 6144 4,200 6/1/2012 5/31/2022 120 4,455.78 55,384.56 Three, 5-year

Farm Basket 1 LLC 6148 1,276 8/1/2003 7/31/2023 240 5,474.68 67,284.76 Two, 5-year

Subway 6150 541 4/1/2006 3/31/2021 180 2,166.80 27,216.09 Two, 3-year

Totals 20,817 $26,153.62 $321,214.01

Occupied 100.00% 20,817

Vacant 0.00% 0 All leases increase in rent annually by the greater of 3% or CPI

10 Year Proforma

Suite Current Tenant Lease From Lease To SF % of center Rent $psf/mo.

Rent $ psf/ yr

Current total rent per year

Anticipation of rent start

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

6106 Trac-B Exchange L.L.C. 10/1/2019 9/30/2022 1,000 5% $0.60 $7.20 7,236.00 $7,453 $7,677 $7,907 $8,144 $8,389 $8,640 $8,899 $9,166 $9,166 $9,441

6108 Advancing Harm Reduction 11/1/2020 9/30/2022 1,000 5% $1.30 $15.60 2,590.00 $15,618 $16,086 $16,569 $17,066 $17,578 $18,105 $18,648 $19,208 $19,208 $19,784

6110 Legend Beauty 7/1/2017 6/30/2020 1,000 5% $0.75 $9.00 9,135.00 $9,409 $9,691 $9,982 $10,282 $10,590 $10,908 $11,235 $11,572 $11,919 $12,277

6112 Storming the Gates of Hell 3/1/2020 2/28/2022 1,000 5% $0.75 $9.00 7,600.00 $9,345 $9,629 $9,917 $10,215 $10,521 $10,837 $11,162 $11,497 $11,842 $12,197

6114 Trac-B Exchange L.L.C. 12/1/2019 11/30/2020 1,200 6% $0.36 $4.32 5,196.96 $5,353 $5,513 $5,679 $5,849 $6,025 $6,205 $6,392 $6,583 $6,781 $6,984

6116 Beas Professional Service 12/1/2014 11/30/2022 1,200 6% $0.71 $8.52 10,249.56 $10,557 $10,874 $11,200 $11,536 $11,882 $12,239 $12,606 $12,984 $13,373 $13,775

6118, 6120 Tacos El Compita 9/1/2001 1/31/2023 2,400 12% $1.45 $17.39 41,724.72 $42,976 $44,266 $45,594 $46,962 $48,370 $49,821 $51,316 $52,856 $54,441 $56,075

6122 Panaderia Pasteleria Latina 9/1/2003 8/31/2023 1,200 6% $1.60 $19.15 22,979.52 $23,669 $24,379 $25,110 $25,864 $26,640 $27,439 $28,262 $29,110 $29,983 $30,883

6126 Duran Brothers LLC 8/1/2019 7/31/2022 1,200 6% $0.77 $9.23 11,080.80 $11,413 $11,756 $12,108 $12,472 $12,846 $13,231 $13,628 $14,037 $14,458 $14,892

6130 Smoke Factory 7/1/2014 6/30/2020 1,200 6% $1.03 $12.30 14,762.16 $15,205 $15,661 $16,131 $16,615 $17,113 $17,627 $18,156 $18,700 $19,261 $19,839

6132 Las Tapatias 5/1/2011 4/30/2020 1,200 6% $1.03 $12.36 14,834.88 $15,280 $15,738 $16,210 $16,697 $17,198 $17,714 $18,245 $18,792 $19,356 $19,937

6134 Las Vegas Car Stereo 6/1/2013 5/31/2024 1,200 6% $0.76 $9.16 10,989.00 $11,319 $11,658 $12,008 $12,368 $12,739 $13,121 $13,515 $13,921 $14,338 $14,768

6138, 6142, 6144 Bendix Enterprises LLC 6/1/2012 5/31/2022 4,200 20% $1.10 $13.19 55,384.56 $57,046 $58,757 $60,520 $62,336 $64,206 $66,132 $68,116 $70,160 $70,160 $72,264

6148 Farm Basket 1 LLC 8/1/2003 7/31/2023 1,276 6% $4.39 $52.73 67,284.76 $69,303 $71,382 $73,524 $75,730 $78,001 $80,342 $82,752 $85,234 $87,791 $90,425

6150 Subway Realty LLC #37741 4/1/2006 3/31/2021 541 3% $4.19 $50.31 27,216.09 $28,033 $28,874 $29,740 $30,632 $31,551 $32,497 $33,472 $34,477 $35,511 $36,576

Total Rent 20,817 100% $308,264 $331,979 $341,942 $352,200 $362,766 $373,649 $348,858 $396,404 $408,296 $417,859 $430,116

Assume 3% annual increases, however, each lease increases by the greater of 3% or CPI

Option Year Starts Assumption to continue increases


PROFORMA


PROPERTYPHOTOS


TRAFFIC COUNTSCharleston Blvd - 33,000 VPD

Jones Blvd - 35,500 VPD

23,386 191,714 487,999

8,719 72,861 200,300

$57,254 $67,856 $69,712

AREADEMOGRAPHICS

Source: SitesUSA 2020

ACCESSIBLE & CONNECTEDUS 95 FREEWAYLOCATED 1 MILE NORTH OF THE PROPERTY

COLLEGE OF SOUTHERN NEVADAOVER 33,000 STUDENT ENROLLMENT

HIGH TRAFFIC INTERSECTIONCOMBINED TRAFFIC COUNT OF OVER 68,000 VPD

Source: TRINA, NV DOT 2019

3 MILES

1 MILE

5 MILES


SITEAERIAL


R.O.I. Commercial Real Estate, Inc. has been retained as exclusive advisor to the Seller for the sale of three parcels properties at Charleston West Plaza. This Offering Memorandum has been prepared by R.O.I. Commercial Real Estate, Inc. for use by a limited number of parties 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 information which prospective investors may need or desire. All projections have been developed by R.O.I. Commercial Real Estate, Inc., the Owner, and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and R.O.I. Commercial Real Estate, Inc., therefore, are subject to variation. No representation is made by R.O.I. Commercial Real Estate, Inc. or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information.

Further, R.O.I. Commercial Real Estate, Inc., Owner, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, and omitted from, this Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. This Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the package. Analysis and verification of the information contained in this package is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors. Owner and R.O.I. Commercial Real Estate, Inc. each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditions to Owner’s obligations thereunder have been satisfied

or waived. R.O.I. Commercial Real Estate, Inc. is not authorized to make any representations or agreements on behalf of Owner. This Offering Memorandum and the contents, except such information which is a matter 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 confidential nature. By accepting 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 entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization 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 information 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.

DISCLAIMER

Documents

20,817 SF - LoopNet · 2020. 11. 5. · Panaderia Pasteleria Latina 6122 1,200 Duran Brothers L.L.C. 6126 1,200 Smoke Factory 6130 1,200 Las Tapatias 6132 1,200 Las Vegas Car Stereo