4020 Boulder Highway, Las Vegas, Nevada 89121
OFFERING MEMORANDUMUNIQUE FREESTANDING SHOWROOM
4020 Boulder Highway, Las Vegas, Nevada 89121
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.
Paul ChaffeeSenior Vice [email protected]
Wil ChaffeeSenior Vice [email protected]
John [email protected]
The information contained herein was obtained from sources believed reliable, however, Sun Commercial Real Estate, Inc. any of its agents or employees make no guaranty, warranty or representation as to the completeness and/or accuracy thereof, inclusive of any current and future projected returns. Anyone utilizing this analysis does so at their own risk and agrees to hold Sun Commercial Real Estate, Inc., its agents and employees harmless. The presentation of this property is subject to error, omissions change of price or conditions prior to sale, or withdrawal without notice.
6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148 ♦ 702 | 968 | 7300 Ph • 702 | 968 | 7301 Fax ♦ www.SunCommercialRE.com
TABLE OF CONTENTS
Offering HighlightsProperty PhotosSite PlanLas Vegas Valley Location MapAssessor Parcel MapSurrounding Aerial Map
Market Overview Section 2
Las Vegas Retail & East Las Vegas Submarket ReviewArea Demographics
Property Overview Section 1
4020 Boulder Highway, Las Vegas, Nevada 89121
OFFERING HIGHLIGHTS
THE OFFERINGSun Commercial Real Estate, Inc. is pleased to offer an exceptional opportunity to purchase this quality designed building. Building was built in 2006, Indian Motorcycles of Las Vegas (aka Arlon Ness Motorcycles of Las Vegas) was a designed build assignment located on ±1.19 acres at 4020 S. Boulder Highway.
OFFERING HIGHLIGHTS• 100% leased to single tenant• Excellent build-out• Suitable for a variety of automotive and other retail uses• Zoned C-2 (General Commercial)• Three (3) 12’ grade level doors• 12 covered and 26 open spaces• Monument signage available• Located within the Opportunity Zone
PROPERTY LOCATIONThe ±17,023 SF single story facility was flawlessly designed to accommodate an ±8,090 SF showroom with extensive use of large glass windows. Adjacent to the glass portioned showroom is a covered front patio used as additional space to display eye-catching product viewable from Boulder Highway traffic. Space also includes administrative offices and an executive suite with a private bathroom including a shower. The highlights of the remaining ±8,933 SF of shop/service garage space includes personal work lockers and a state of the art fabrication room. A security system is also in place. The Showroom enjoys an unobstructed sight line to Boulder Station which is directly across the street and provide traffic counts of ±41,000 CPD. In addition to the above described building, there is a large secured storage yard area.
PROPERTY DESCRIPTIONThe subject property is 100% leased to a single tenant who is under contract until July 2019, with a five year option. The property has an excellent build-out and would be well suitable for a variety of automotive and other retail users. Tenant would consider moving if an owner/user wished to purchase the property.
SUMMARY Asking Price: Total Building Size:
Zoning: Site Size:
$3,500,000
±1.19 Acres ±17,023 SF
The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness.
C-2 (General Commercial)
Paul ChaffeeSenior Vice [email protected]
Wil ChaffeeSenior Vice [email protected]
John [email protected]
CONTACT TEAM
4020 Boulder Highway, Las Vegas, Nevada 89121
PROPERTY PHOTOS
5
4020 Boulder Highway, Las Vegas, Nevada 89121
PROPERTY PHOTOS
4020 Boulder Highway, Las Vegas, Nevada 89121
PROPERTY PHOTOS
4020 Boulder Highway, Las Vegas, Nevada 89121
SITE PLAN
4020 Boulder Highway, Las Vegas, Nevada 89121
LAS VEGAS VALLEY LOCATION MAP
4020 Boulder Highway, Las Vegas, Nevada 89121
ASSESSOR PARCEL MAP
>
PT 161-07-702-014
402
420804
803
802
GREENBRIAR TOWNHOUSE WAY
MILLWOOD AVE
BRIARWOOD AVE
018
018
021
017
023
026
029
037
017
055056
059
410
410 340
340
470
LAM
B B
LVD
BOULDER HWY
DESERT INN RD
PB 7-74
PB 16-70
PB 10-27
PB 16-70
PB 7-14
PB 3-97
PRIV
ATE
PRIVATE
PRIV
ATE
PRIVATE
3
4
10
11
172
614
584
12
12
173
174
175
179
612
613615
585 586
610611
3-A
3-B
3031
323346
47
90
9394
97
68
7 8 9
17181920
12 13 14 15
1
2
1
2
12
14
17
2
3435
45
9192
9596
104105
106107
108109
110
7
3-C
13
1
1
24
69.05
117.0
5
100
48.0
8
57.32
55.755.55
55.54
42.7136.5
60
53.2
2
171.
44
114.9
3
107.
97
56.82
39.51
58.279.69
79.44
71.69
118.
22
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21
75
86.5
353.76
57.39
74.3
38.48
84.86
6060
60 6060
60
60
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84.0
191
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82.4
813
9.34
48.0
465
54.2454.24
54.24
92.3
109.2
155.41
124.05
104.54
83.6
7
47.16
66.35
55.1
237
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45.73
60
57.6875
31
149.78
100.58
112.68
63.79
67.05
87.3
5
102.
35
101.
63
102.92
87.681059
80
50
147.71
50
80.79
114.45
114.45
65
130
50
59
101
102.
92
55.1
143
176
30
2222
22
2222
2222
2222
2222
2222
2222
72.5
2222
22
22
2222
2222
22
72.5
72.5
30
193.47
15017
0
170
72
72
70
70
72
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71.63
70
70
100
75 75
75
70
124.
08
64.7580
49.4
6
131.1
200
56.9
5
80
80
79.8
1
114.05
173.
9
173.
9
178.
6
173.9
71.9
267.7
641.
87
133.
4
842.53
L=177.36
63.38
L=804.8727
8.46
186.53
166.78
80
234.27
308.95 143.77
157.95
156.0990.5
156.99
90.5
200
100
100
75
200
86.45
223.
85
200
183.66
483.5
200
300
200200
259.76
25020
0
300
259.76
355.37
82.9
5
166.91
431.
75
396.62
500
222.37
117
150.
91
64.48
132
6
30 178.11
25
47.39
39.45
127.98
60
49.3
30
72.5
72.5
72.5
198
110
138.62
120
60
60
40
40
76.9
576.9
5100
100
75 36.1 48.32
100
100
100
100
100
100
41.71
100.
84
52.69
86.8
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6
60.37
72
75.66
100.
82
85
295
125
761.
52
300
200
200 78.4
4
50
R=565
128.56
3 4.56
212.85L=172.05
3072.5
80
7270
75 75
70
72
72
70
70
98.09 79.01
L=105.79
178.6 290.23 222.86 382.62
114.05
R=54
139.51
65.975
72
70
70 7072
30
5.58
200
265.27
200
265.27
200
300
195
52.8
150
207
40
60
100
200
20 20
100
20 20
100
180
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9.18
151.12
200
200
180
180
200
180180
103.62
74.87
133.
21
102.
94
40
136
192.16
10
148.34
20
30190
100 10089.62
59.85100
30
100
20
70
72.5
70
60
LEASE
1
1
60
72.5
PT C
PT 161-07-710-001
PB 11-50
710
220
PLAZADESERT INN
GREENBRIARUNIT NO 1
PT 161-07-320-031
110
415
154
111112113114115
100101102103
30
BRIARWOOD AVE
035
PM 38-69
801
812
811
75.76
GREENBRIAR TOWNHOUSE WAY
60
72.5 72.5
810
154
PT 161-07-320
-031
108.38
30
30
30 PRIVATE
PB 11-50
72.572.5
22 72.572.5
1515
15 15
704
72.5
801-001PT 161-07-
1
62.72
72
BOULDER HWY
501-003L=131.76
PT 161-18-
UNIT NO 1-AGREENBRIAR
PLAZA DESERT INN
10
PM 33-33
SAND
HILL
RD
PARK-DALEUNIT NO 4
410
65
100
85
171
177
178
176
1GREENBRIAR UNIT NO 1
GREENBRIAR TOWNHOUSES NO 1
PT 161-07-320-031
37
10
1213
1415
1617
18
2021
2223
2526
2728
1119
24
29
10 72.5
30
132
30
10
72.5
72.5 89
3
VAC 860210:402
NO 1TOWNHOUSES
GREENBRIAR4
56
7
813
812PB 10-27
16
1516
18
21
10 11
5
5 4 3 2
136135
134132133
GREENBRIARTOWNHOUSESNO 1
118119
121122
124
116117
120
123
125126
127
129
131130
128
72.5
95-001
007 053 054 008 012 013 058 057 014 016001 002 003
032022
034028
020
013
012
014
012
008
009
003
007
036035
034
033
033
015036
004
031
005
030025
010
006
002
001
006
001
027
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016
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002
002001008009
012011045 010044
015006009046 008 007047
005001 002 003 004066065
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001
031 040029
010 027012 025 013
038039040041042
011010009008007006005004003
012013014015
018
023021019020
022
043044045046047048049
002
001
001
014
003
002
001
011
010
012
013
014
014011
001026
028030
0030.47
0030.56
0040.46
0150.85
0141.03
0190.89
0031
0180.5016
0.66
0020.41
0130.33012
1.21
0110.46010
1.57
0120.49
0090.8
0090.62
0212.6
0059.31
0082.29
0040.92
0031.79
0021.19
0010.35
0110.03
0014.24
0015.41
0043.02
NO
TES
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 obtained from 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 the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 09/19/2011
T21S R62E 7 S 2 SE 4 161-07-8
31
30
19
1
1314
121110987
6 5 4 3 2
3635343332
29 28 27 26
24
25
23222120
18 17 16 15
BO
OK
SEC
.
MA
P
2
3
4
5
6
7
8
1
2
3
4
51
8
7
5
6
4 8
410,340
PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER
10010011.00
202PB 24-45
55
GL5
HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY
15
8 4
Rev:
TAX DIST
0 200 400 600 800100 SECTION LINE
CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL
176
190192
124125
142141138 139
161162163
180179177 178
191
123 121122
158160 159
181
186188189
140
Michele W. Shafe - Assessor
>
PT 161-07-702-014
402
420804
803
802
GREENBRIAR TOWNHOUSE WAY
MILLWOOD AVE
BRIARWOOD AVE
018
018
021
017
023
026
029
037
017
055056
059
410
410 340
340
470
LAM
B B
LVD
BOULDER HWY
DESERT INN RD
PB 7-74
PB 16-70
PB 10-27
PB 16-70
PB 7-14
PB 3-97
PRIV
ATE
PRIVATE
PRIV
ATE
PRIVATE
3
4
10
11
172
614
584
12
12
173
174
175
179
612
613615
585 586
610611
3-A
3-B
3031
323346
47
90
9394
97
68
7 8 9
17181920
12 13 14 15
1
2
1
2
12
14
17
2
3435
45
9192
9596
104105
106107
108109
110
7
3-C
13
1
1
24
69.05
117.0
5
100
48.0
8
57.32
55.755.55
55.54
42.7136.5
60
53.2
2
171.
44
114.9
3
107.
97
56.82
39.51
58.279.69
79.44
71.69
118.
22
123.
21
75
86.5
353.76
57.39
74.3
38.48
84.86
6060
60 6060
60
60
50
84.0
191
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82.4
813
9.34
48.0
465
54.2454.24
54.24
92.3
109.2
155.41
124.05
104.54
83.6
7
47.16
66.35
55.1
237
.31
45.73
60
57.6875
31
149.78
100.58
112.68
63.79
67.05
87.3
5
102.
35
101.
63
102.92
87.681059
80
50
147.71
50
80.79
114.45
114.45
65
130
50
59
101
102.
92
55.1
143
176
30
2222
22
2222
2222
2222
2222
2222
2222
72.5
2222
22
22
2222
2222
22
72.5
72.5
30
193.47
15017
0
170
72
72
70
70
72
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71.63
70
70
100
75 75
75
70
124.
08
64.7580
49.4
6
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200
56.9
5
80
80
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114.05
173.
9
173.
9
178.
6
173.9
71.9
267.7
641.
87
133.
4
842.53
L=177.36
63.38
L=804.87
278.46
186.53
166.78
80
234.27
308.95 143.77
157.95
156.0990.5
156.99
90.5
200
100
100
75
200
86.45
223.
85
200
183.66
483.5
200
300
200200
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25020
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300
259.76
355.37
82.9
5
166.91
431.
75
396.62
500222.37
117
150.
91
64.48
132
6
30 178.11
25
47.39
39.45
127.98
60
49.3
30
72.5
72.5
72.5
198
110
138.62
120
60
60
40
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76.9
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75 36.1 48.32
100
100
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100
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84
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86.8
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6
60.37
72
75.66
100.
82
85
295
125
761.
52
300
200
200 78.4
4
50
R=565
128.56
3 4.56
212.85L=172.05
3072.5
80
7270
75 75
70
72
72
70
70
98.09 79.01
L=105.79
178.6 290.23 222.86 382.62
114.05
R=54
139.51
65.975
72
70
70 7072
30
5.58
200
265.27
200
265.27
200
300
195
52.8
150
207
40
60
100
200
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100
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102.
94
40
136
192.16
10
148.34
20
30190
100 10089.62
59.85100
30
100
20
70
72.5
70
60
LEASE
1
1
60
72.5
PT C
PT 161-07-710-001
PB 11-50
710
220
PLAZADESERT INN
GREENBRIARUNIT NO 1
PT 161-07-320-031
110
415
154
111112113114115
100101102103
30
BRIARWOOD AVE
035
PM 38-69
801
812
811
75.76
GREENBRIAR TOWNHOUSE WAY
60
72.5 72.5
810
154
PT 161-07-320
-031
108.38
30
30
30 PRIVATE
PB 11-50
72.572.5
22 72.572.5
1515
15 15
704
72.5
801-001PT 161-07-
1
62.72
72
BOULDER HWY
501-003L=131.76
PT 161-18-
UNIT NO 1-AGREENBRIAR
PLAZA DESERT INN
10
PM 33-33
SAND
HILL
RD
PARK-DALEUNIT NO 4
410
65
100
85
171
177
178
176
1GREENBRIAR UNIT NO 1
GREENBRIAR TOWNHOUSES NO 1
PT 161-07-320-031
37
10
1213
1415
1617
18
2021
2223
2526
2728
1119
24
29
10 72.5
30
132
30
10
72.5
72.5 89
3
VAC 860210:402
NO 1TOWNHOUSES
GREENBRIAR4
56
7
813
812PB 10-27
16
1516
18
21
10 11
5
5 4 3 2
136135
134132133
GREENBRIARTOWNHOUSESNO 1
118119
121122
124
116117
120
123
125126
127
129
131130
128
72.5
95-001
007 053 054 008 012 013 058 057 014 016001 002 003
032022
034028
020
013
012
014
012
008
009
003
007
036035
034
033
033
015036
004
031
005
030025
010
006
002
001
006
001
027
011
016
001
002
002001008009
012011045 010044
015006009046 008 007047
005001 002 003 004066065
016017
001
031 040029
010 027012 025 013
038039040041042
011010009008007006005004003
012013014015
018
023021019020
022
043044045046047048049
002
001
001
014
003
002
001
011
010
012
013
014
014011
001026
028030
0030.47
0030.56
0040.46
0150.85
0141.03
0190.89
0031
0180.5016
0.66
0020.41
0130.33012
1.21
0110.46010
1.57
0120.49
0090.8
0090.62
0212.6
0059.31
0082.29
0040.92
0031.79
0021.19
0010.35
0110.03
0014.24
0015.41
0043.02
NO
TES
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 obtained from 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 the recorded documents for more detailed legal information.
MA
P LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 09/19/2011
T21S R62E 7 S 2 SE 4 161-07-8
31
30
19
1
1314
121110987
6 5 4 3 2
3635343332
29 28 27 26
24
25
23222120
18 17 16 15
BO
OK
SEC
.
MA
P
2
3
4
5
6
7
8
1
2
3
4
51
8
7
5
6
4 8
410,340
PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER
10010011.00
202PB 24-45
55
GL5
HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY
15
8 4
Rev:
TAX DIST
0 200 400 600 800100 SECTION LINE
CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL
176
190192
124125
142141138 139
161162163
180179177 178
191
123 121122
158160 159
181
186188189
140
Michele W. Shafe - Assessor
4020 Boulder Highway, Las Vegas, Nevada 89121
SURROUNDING AERIAL MAP
The Las Vegas Strip
SUBJECT PROPERTY
BOULDER HIGHWAY
E DESERT INN ROAD
4020 Boulder Highway, Las Vegas, Nevada 89121
LAS VEGAS RETAIL & EAST LAS VEGAS SUBMARKET REVIEW
18 CoStar Retail Statistics ©2018 CoStar Group, Inc.
Las Vegas – Year-End 2018
Las Vegas Retail MarketMarket Highlights – Class “A, B & C”
©2018 CoStar Group, Inc. CoStar Retail Statistics 19
Year-End 2018 – Las Vegas
Las Vegas Retail MarketMarket Highlights – Class “A, B & C”
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
2018 4q 488 5,568,856 228,052 4.1% 17,444 0 0 2 93,010 $19.41
2018 3q 488 5,568,856 245,496 4.4% 7,896 0 0 2 93,010 $17.90
2018 2q 488 5,568,856 253,392 4.6% 35,014 0 0 2 93,010 $17.81
2018 1q 487 5,552,856 288,406 5.2% (8,371) 0 0 1 90,000 $16.91
2017 4q 487 5,552,856 280,035 5.0% 28,087 0 0 1 90,000 $16.52
2017 3q 487 5,552,856 308,122 5.5% (1,877) 0 0 1 90,000 $16.15
2017 2q 487 5,552,856 306,245 5.5% 32,720 0 0 1 90,000 $16.55
2017 1q 487 5,552,856 338,965 6.1% 30,245 1 2,200 1 90,000 $15.45
2016 4q 486 5,550,656 367,010 6.6% 48,783 0 0 1 2,200 $14.15
2016 3q 486 5,550,656 415,793 7.5% 21,066 1 9,698 1 2,200 $14.51
2016 2q 485 5,540,958 427,161 7.7% 67,288 1 2,995 2 11,898 $14.15
2016 1q 484 5,537,963 491,454 8.9% (1,162) 0 0 3 14,893 $14.23
2015 4q 484 5,537,963 490,292 8.9% (60,175) 0 0 0 0 $14.10
2015 3q 484 5,537,963 430,117 7.8% 18,039 1 8,000 0 0 $14.27
2015 2q 483 5,529,963 440,156 8.0% (10,581) 0 0 1 8,000 $14.13
2015 1q 483 5,529,963 429,575 7.8% (6,018) 0 0 1 8,000 $13.96
Source: CoStar Property®
UC InventoryDelivered InventoryExisting Inventory Vacancy
(0.080)
(0.060)
(0.040)
(0.020)
0.000
0.020
0.040
0.060
0.080
2015 1q 2015 2q 2015 3q 2015 4q 2016 1q 2016 2q 2016 3q 2016 4q 2017 1q 2017 2q 2017 3q 2017 4q 2018 1q 2018 2q 2018 3q 2018 4q
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Delivered SF Absorption SF Vacancy
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
2017 1q 2017 3q 2018 1q 2018 3q
Dollars
/SF/Y
ear
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
2017 1q 2017 2q 2017 3q 2017 4q 2018 1q 2018 2q 2018 3q 2018 4q
Direct SF Sublet SF
8 CoStar Retail Statistics ©2018 CoStar Group, Inc.
Las Vegas � Year-End 2018
Las Vegas Retail MarketYear-End 2018 – Las Vegas
Las Vegas Retail Market
©2018 CoStar Group, Inc. CoStar Retail Statistics 9
General Retail Market Statistics Year-End 2018
YTD Net YTD Under Quoted
Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas Ret 653 5,319,717 265,096 368,033 6.9% (103,774) 15,728 29,335 $15.02
Central West Las Vegas Ret 705 6,231,350 212,392 212,392 3.4% (109,421) 12,600 245,196 $22.75
East Las Vegas Ret 307 2,118,522 65,124 65,124 3.1% (28,397) 0 93,010 $27.48
North Las Vegas Ret 265 1,843,857 58,416 58,416 3.2% 5,696 15,239 19,680 $18.05
Northeast Las Vegas Ret 468 2,757,514 263,192 270,192 9.8% (200,592) 0 0 $15.18
Northwest Las Vegas Ret 152 1,871,376 132,291 132,291 7.1% (118,973) 9,828 8,270 $26.71
Outlying NE Clark Cnty Ret 79 895,970 14,955 14,955 1.7% 19,649 2,250 0 $12.07
Outlying NW Clark Cnty Ret 4 15,209 0 0 0.0% 0 0 0 $0.00
Outlying S Clark Cnty Ret 25 121,983 20,000 20,000 16.4% 12,000 0 0 $0.00
Resort Corridor Ret 310 3,249,836 156,150 156,150 4.8% (14,250) 0 303,643 $26.03
Southeast Las Vegas Ret 550 5,188,104 100,954 103,258 2.0% 73,165 20,560 10,404 $17.78
Southwest Las Vegas Ret 297 3,375,238 93,239 108,193 3.2% 13,583 30,109 62,321 $23.28
West Las Vegas Ret 176 2,276,214 16,726 16,726 0.7% (2,563) 0 0 $17.05
Totals 3,991 35,264,890 1,398,535 1,525,730 4.3% (453,877) 106,314 771,859 $20.25
Source: CoStar Property®
Mall Market Statistics Year-End 2018
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 2,656,054 9,500 13,126 0.5% 197,634 0 0 $0.00
Central West Las Vegas Ret 1 982,243 37,800 37,800 3.8% 18,037 0 0 $0.00
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 2 3,060,772 0 0 0.0% 0 0 0 $0.00
Southeast Las Vegas Ret 3 1,565,168 38,062 38,062 2.4% 161 0 0 $41.42
Southwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00
West Las Vegas Ret 3 1,263,212 80,071 80,071 6.3% 22,222 0 0 $30.00
Totals 14 9,527,449 165,433 169,059 1.8% 238,054 0 0 $39.56
Source: CoStar Property®
Power Center Market Statistics Year-End 2018
YTD Net YTD Under Quoted
Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas Ret 1 622,094 67,009 67,009 10.8% 22,160 0 0 $16.34
Central West Las Vegas Ret 2 1,042,671 122,260 122,260 11.7% (103,444) 0 0 $18.61
East Las Vegas Ret 2 944,605 41,704 41,704 4.4% (893) 0 0 $26.30
North Las Vegas Ret 5 1,757,896 204,275 204,275 11.6% (54,171) 0 0 $23.65
Northeast Las Vegas Ret 1 350,554 2,400 2,400 0.7% 1,600 0 0 $0.00
Northwest Las Vegas Ret 3 1,305,458 15,127 15,127 1.2% 42,598 0 0 $26.77
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 1 982,702 149,782 149,782 15.2% (55,991) 0 0 $0.00
Southeast Las Vegas Ret 5 2,143,081 25,997 25,997 1.2% 32,177 0 0 $28.33
Southwest Las Vegas Ret 4 2,492,641 96,544 96,544 3.9% (22,910) 0 0 $20.58
West Las Vegas Ret 4 2,017,238 132,288 132,288 6.6% (20,113) 0 0 $25.93
Totals 28 13,658,940 857,386 857,386 6.3% (158,987) 0 0 $22.08
Source: CoStar Property®
Existing Inventory Vacancy
Existing Inventory Vacancy
Existing Inventory Vacancy
Figures at a Glance
10 CoStar Retail Statistics ©2018 CoStar Group, Inc.
Las Vegas � Year-End 2018
Las Vegas Retail MarketYear-End 2018 – Las Vegas
Las Vegas Retail Market
©2018 CoStar Group, Inc. CoStar Retail Statistics 11
Shopping Center Market Statistics Year-End 2018
YTD Net YTD Under Quoted
Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas Ret 154 6,729,274 842,318 842,318 12.5% 97,137 2,500 0 $14.29
Central West Las Vegas Ret 198 9,045,769 746,849 798,565 8.8% 1,473 0 32,500 $16.02
East Las Vegas Ret 56 2,495,729 121,224 121,224 4.9% 81,273 0 0 $17.17
North Las Vegas Ret 74 5,455,259 391,660 428,192 7.8% 159,926 0 0 $14.45
Northeast Las Vegas Ret 89 3,601,818 247,413 291,100 8.1% 14,773 0 0 $15.28
Northwest Las Vegas Ret 53 3,627,962 186,047 186,047 5.1% 114,467 61,100 211,868 $18.98
Outlying NE Clark Cnty Ret 10 519,469 63,517 63,517 12.2% (7,584) 0 0 $14.89
Outlying NW Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00
Outlying S Clark Cnty Ret 2 86,456 4,318 4,318 5.0% (4,318) 0 0 $12.30
Resort Corridor Ret 23 687,292 19,919 19,919 2.9% (2,550) 0 35,500 $26.51
Southeast Las Vegas Ret 186 11,895,310 1,089,649 1,211,061 10.2% 229,076 124,802 15,140 $17.04
Southwest Las Vegas Ret 103 4,044,387 274,913 274,913 6.8% 97,628 79,478 100,984 $22.56
West Las Vegas Ret 81 4,722,387 259,116 268,287 5.7% 108,623 4,347 0 $18.51
Totals 1,029 52,911,112 4,246,943 4,509,461 8.5% 889,924 272,227 395,992 $16.69
Source: CoStar Property®
Specialty Center Market Statistics Year-End 2018
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 0 0 0.0% 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 2 622,071 45,569 45,569 7.3% 10,694 0 0 $0.00
Resort Corridor Ret 3 1,194,078 158,010 158,010 13.2% (14,322) 0 0 $18.90
Southeast Las Vegas Ret 2 780,677 63,939 63,939 8.2% 4,311 0 0 $28.03
Southwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00
West Las Vegas Ret 1 74,069 3,712 3,712 5.0% 1,200 0 0 $19.80
Totals 12 3,148,074 271,230 271,230 8.6% 1,883 0 0 $23.77
Source: CoStar Property®
Total Retail Market Statistics Year-End 2018
YTD Net YTD Under Quoted
Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas Ret 1,067 15,510,002 1,183,923 1,290,486 8.3% 213,157 18,228 29,335 $14.65
Central West Las Vegas Ret 1,207 17,586,349 1,119,301 1,171,017 6.7% (193,355) 12,600 277,696 $17.75
East Las Vegas Ret 488 5,568,856 228,052 228,052 4.1% 51,983 0 93,010 $19.41
North Las Vegas Ret 632 9,057,012 654,351 690,883 7.6% 111,451 15,239 19,680 $16.83
Northeast Las Vegas Ret 692 6,709,886 513,005 563,692 8.4% (184,219) 0 0 $15.26
Northwest Las Vegas Ret 399 6,804,796 333,465 333,465 4.9% 38,092 70,928 220,138 $21.48
Outlying NE Clark Cnty Ret 103 1,415,439 78,472 78,472 5.5% 12,065 2,250 0 $13.93
Outlying NW Clark Cnty Ret 4 15,209 0 0 0.0% 0 0 0 $0.00
Outlying S Clark Cnty Ret 32 830,510 69,887 69,887 8.4% 18,376 0 0 $12.30
Resort Corridor Ret 378 9,174,680 483,861 483,861 5.3% (87,113) 0 339,143 $24.38
Southeast Las Vegas Ret 1,298 21,572,340 1,318,601 1,442,317 6.7% 338,890 145,362 25,544 $17.84
Southwest Las Vegas Ret 680 9,912,266 464,696 479,650 4.8% 88,301 109,587 163,305 $22.29
West Las Vegas Ret 541 10,353,120 491,913 501,084 4.8% 109,369 4,347 0 $19.72
Totals 7,521 114,510,465 6,939,527 7,332,866 6.4% 516,997 378,541 1,167,851 $17.95
Source: CoStar Property®
Existing Inventory Vacancy
Existing Inventory Vacancy
Existing Inventory Vacancy
Figures at a Glance
10 CoStar Retail Statistics ©2018 CoStar Group, Inc.
Las Vegas � Year-End 2018
Las Vegas Retail MarketYear-End 2018 – Las Vegas
Las Vegas Retail Market
©2018 CoStar Group, Inc. CoStar Retail Statistics 11
Shopping Center Market Statistics Year-End 2018
YTD Net YTD Under Quoted
Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas Ret 154 6,729,274 842,318 842,318 12.5% 97,137 2,500 0 $14.29
Central West Las Vegas Ret 198 9,045,769 746,849 798,565 8.8% 1,473 0 32,500 $16.02
East Las Vegas Ret 56 2,495,729 121,224 121,224 4.9% 81,273 0 0 $17.17
North Las Vegas Ret 74 5,455,259 391,660 428,192 7.8% 159,926 0 0 $14.45
Northeast Las Vegas Ret 89 3,601,818 247,413 291,100 8.1% 14,773 0 0 $15.28
Northwest Las Vegas Ret 53 3,627,962 186,047 186,047 5.1% 114,467 61,100 211,868 $18.98
Outlying NE Clark Cnty Ret 10 519,469 63,517 63,517 12.2% (7,584) 0 0 $14.89
Outlying NW Clark Cnty Ret 0 0 0 0 0.0% 0 0 0 $0.00
Outlying S Clark Cnty Ret 2 86,456 4,318 4,318 5.0% (4,318) 0 0 $12.30
Resort Corridor Ret 23 687,292 19,919 19,919 2.9% (2,550) 0 35,500 $26.51
Southeast Las Vegas Ret 186 11,895,310 1,089,649 1,211,061 10.2% 229,076 124,802 15,140 $17.04
Southwest Las Vegas Ret 103 4,044,387 274,913 274,913 6.8% 97,628 79,478 100,984 $22.56
West Las Vegas Ret 81 4,722,387 259,116 268,287 5.7% 108,623 4,347 0 $18.51
Totals 1,029 52,911,112 4,246,943 4,509,461 8.5% 889,924 272,227 395,992 $16.69
Source: CoStar Property®
Specialty Center Market Statistics Year-End 2018
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 0 0 0.0% 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 2 622,071 45,569 45,569 7.3% 10,694 0 0 $0.00
Resort Corridor Ret 3 1,194,078 158,010 158,010 13.2% (14,322) 0 0 $18.90
Southeast Las Vegas Ret 2 780,677 63,939 63,939 8.2% 4,311 0 0 $28.03
Southwest Las Vegas Ret 0 0 0 0 0.0% 0 0 0 $0.00
West Las Vegas Ret 1 74,069 3,712 3,712 5.0% 1,200 0 0 $19.80
Totals 12 3,148,074 271,230 271,230 8.6% 1,883 0 0 $23.77
Source: CoStar Property®
Total Retail Market Statistics Year-End 2018
YTD Net YTD Under Quoted
Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates
Central East Las Vegas Ret 1,067 15,510,002 1,183,923 1,290,486 8.3% 213,157 18,228 29,335 $14.65
Central West Las Vegas Ret 1,207 17,586,349 1,119,301 1,171,017 6.7% (193,355) 12,600 277,696 $17.75
East Las Vegas Ret 488 5,568,856 228,052 228,052 4.1% 51,983 0 93,010 $19.41
North Las Vegas Ret 632 9,057,012 654,351 690,883 7.6% 111,451 15,239 19,680 $16.83
Northeast Las Vegas Ret 692 6,709,886 513,005 563,692 8.4% (184,219) 0 0 $15.26
Northwest Las Vegas Ret 399 6,804,796 333,465 333,465 4.9% 38,092 70,928 220,138 $21.48
Outlying NE Clark Cnty Ret 103 1,415,439 78,472 78,472 5.5% 12,065 2,250 0 $13.93
Outlying NW Clark Cnty Ret 4 15,209 0 0 0.0% 0 0 0 $0.00
Outlying S Clark Cnty Ret 32 830,510 69,887 69,887 8.4% 18,376 0 0 $12.30
Resort Corridor Ret 378 9,174,680 483,861 483,861 5.3% (87,113) 0 339,143 $24.38
Southeast Las Vegas Ret 1,298 21,572,340 1,318,601 1,442,317 6.7% 338,890 145,362 25,544 $17.84
Southwest Las Vegas Ret 680 9,912,266 464,696 479,650 4.8% 88,301 109,587 163,305 $22.29
West Las Vegas Ret 541 10,353,120 491,913 501,084 4.8% 109,369 4,347 0 $19.72
Totals 7,521 114,510,465 6,939,527 7,332,866 6.4% 516,997 378,541 1,167,851 $17.95
Source: CoStar Property®
Existing Inventory Vacancy
Existing Inventory Vacancy
Existing Inventory Vacancy
Figures at a Glance
4020 Boulder Highway, Las Vegas, Nevada 89121
AREA DEMOGRAPHICS (1 MILE RADIUS)
KEY FACTS
22,917Population
41.62018 Median Age (Esri)
2.66Average Household Size
$52,420Average Household Income
EDUCATION
22%
No HighSchool
Diploma 38%High School
Graduate
27%Some College 13%
Bachelor's/Grad/ProfDegree
BUSINESS
405Total Businesses
5,229Total Employees
EMPLOYMENT
42%White Collar
20%Blue Collar
38%Services
10.3%
UnemploymentRate
INCOME
$39,472
Median HouseholdIncome
$20,637
Per Capita Income
$46,268
Median Net Worth
Households By IncomeThe largest group: $35,000 - $49,999 (18.5%)
The smallest group: $200,000+ (1.0%)Value DifferenceIndicator
<$15,000
$25,000 - $34,999
$15,000 - $24,999
$50,000 - $74,999
$35,000 - $49,999
$75,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000+
12.5%
15.3%
15.1%
17.7%
18.5%
9.9%
7.3%
2.7%
1.0%
+2.6%
+4.3%
+5.8%
+4.4%
-1.5%
-3.4%
-6.8%
-1.9%
-3.6%
Bars show deviation from
Clark County
4020 Boulder Highway, Las Vegas, Nevada 89121
AREA DEMOGRAPHICS (3 MILE RADIUS)
KEY FACTS
229,571Population
36.52018 Median Age (Esri)
2.81Average Household Size
$53,676Average Household Income
EDUCATION
24%
No HighSchool
Diploma 36%High School
Graduate
27%Some College 13%
Bachelor's/Grad/ProfDegree
BUSINESS
6,192Total Businesses
72,747Total Employees
EMPLOYMENT
42%White Collar
20%Blue Collar
38%Services
8.4%
UnemploymentRate
INCOME
$39,472
Median HouseholdIncome
$20,637
Per Capita Income
$46,268
Median Net Worth
Households By IncomeThe largest group: $50,000 - $74,999 (18.3%)
The smallest group: $200,000+ (1.6%)Value DifferenceIndicator
<$15,000
$25,000 - $34,999
$15,000 - $24,999
$50,000 - $74,999
$35,000 - $49,999
$75,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000+
14.4%
14.3%
14.1%
18.3%
16.9%
10.2%
7.9%
2.3%
1.6%
+4.5%
+3.3%
+4.8%
+2.8%
-0.9%
-3.1%
-6.2%
-2.3%
-3.0%
Bars show deviation from
Clark County
4020 Boulder Highway, Las Vegas, Nevada 89121
AREA DEMOGRAPHICS (5 MILE RADIUS)
KEY FACTS
497,811Population
34.92018 Median Age (Esri)
2.83Average Household Size
$53,904Average Household Income
EDUCATION
25%
No HighSchool
Diploma 34%High School
Graduate
28%Some College 14%
Bachelor's/Grad/ProfDegree
BUSINESS
18,682Total Businesses
304,243Total Employees
EMPLOYMENT
43%White Collar
21%Blue Collar
37%Services
8.0%
UnemploymentRate
INCOME
$39,472
Median HouseholdIncome
$20,637
Per Capita Income
$46,268
Median Net Worth
Households By IncomeThe largest group: $50,000 - $74,999 (18.0%)
The smallest group: $200,000+ (1.8%)Value DifferenceIndicator
<$15,000
$25,000 - $34,999
$15,000 - $24,999
$50,000 - $74,999
$35,000 - $49,999
$75,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000+
15.6%
14.0%
14.0%
18.0%
16.5%
9.8%
8.0%
2.3%
1.8%
+5.7%
+3.2%
+4.5%
+2.4%
-1.2%
-3.5%
-6.1%
-2.3%
-2.8%
Bars show deviation from
Clark County