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100% OCCUPIED RETAIL INVESTMENT
2 TENANTS
LONG TERM NNN LEASES
6.00% CAP RATE
6455 S RAINBOW BOULEVARD
LAS VEGAS, NV 89118
For more information, please contact:
Mike McLeod MBA, CCIM C: 702-366-4369
ALBRIGHT CALLISTER & ASSOCIATES, LLC
CONFIDENTIALITY AGREEMENT
THIS OFFERING MEMORANDUM CONTAINS SELECT INFORMATION PERTAINING TO THE BUSINESS AND AFFAIRS OF 6455 S RAINBOW BLVD., LAS VEGAS, NV 89118. THIS
MEMORANDUM WAS PREPARED BASED ON INFORMATION SUPPLIED BY SELLER AND BROKER. IT CONTAINS SELECTED INFORMATION ABOUT THE PROPERTY AND THE REAL ESTATE MARKET, BUT DOES NOT CONTAIN ALL THE INFORMATION NECESSARY TO EVALUATE THE ACQUISITION OF THE PROPERTY. THE FINANCIAL
PROJECTIONS CONTAINED HEREIN (OR IN ANY OTHER CONFIDENTIAL INFORMATION) ARE FOR GENERAL REFERENCE ONLY. THE PROJECTIONS ARE BASED ON
ASSUMPTIONS RELATING TO THE GENERAL ECONOMY, LOCAL COMPETITION, TENANT PERFORMANCE, AMONG OTHER FACTORS. ACCORDINGLY, ACTUAL RESULTS MAY VARY MATERIALLY FROM SUCH PROJECTIONS. VARIOUS DOCUMENTS HAVE BEEN SUMMARIZED HEREIN TO FACILITATE YOUR REVIEW; THESE SUMMARIES ARE
NOT INTENDED TO BE A COMPREHENSIVE STATEMENT OF THE TERMS OR LEGAL ANALYSIS OF SUCH DOCUMENTS.
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 WRITTEN CONSENT OF
THE SELLER OR ALBRIGHT CALLISTER & ASSOCIATES (ACA). THE MATERIAL IS BASED IN PART UPON INFORMATION SUPPLIED BY THE SELLER AND IN PART UPON
FINANCIAL INFORMATION OBTAINED FROM SOURCES IT DEEMS RELIABLE. 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. WHILE THE INFORMATION CONTAINED IN THE MEMORANDUM AND ANY OTHER CONFIDENTIAL INFORMATION IS BELIEVED TO BE RELIABLE, NEITHER BROKER NOR SELLER GUARANTEES ITS ACCURACY OR COMPLETENESS. DUE TO THE FOREGOING AND SINCE
THE PROPERTY WILL BE SOLD ON AN "AS IS, WHERE IS" BASIS, A PROSPECTIVE PURCHASER MUST MAKE ITS OWN INVESTIGATIONS, PROJECTIONS, AND CONCLUSIONS
REGARDING THE ACQUISITION OF THE PROPERTY WITHOUT RELIANCE ON THIS MEMORANDUM OR ANY OTHER CONFIDENTIAL INFORMATION. ALTHOUGH CONFIDENTIAL INFORMATION MAY INCLUDE ENGINEERING, ENVIRONMENTAL, OR OTHER REPORTS MAY BE PROVIDED TO QUALIFIED PARTIES AS MARKETING
PROCEEDS, PROSPECTIVE PURCHASERS SHOULD SEEK ADVICE FROM THEIR OWN ACCOUNTANTS, ENGINEERS, ATTORNEYS, AND OTHER EXPERTS.
BY ACKNOWLEDGING YOUR RECEIPT OF THIS OFFERING MEMORANDUM FROM ACA, YOU AGREE;
1. THE OFFERING MEMORANDUM AND ITS CONTENTS ARE CONFIDENTIAL;
2. YOU WILL HOLD IT AND TREAT IT IN THE STRICTEST OF CONFIDENCE; AND 3. 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.
SELLER AND ACA EXPRESSLY RESERVE THE RIGHT, AT THEIR SOLD 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 SOLD 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. IN NO EVENT SHALL A PROSPECTIVE PURCHASER HAVE ANY OTHER CLAIMS AGAINST SELLER OR ACA OR ANY OF THEIR
AFFILIATES OR ANY OF THEIR RESPECTIVE OFFERS, DIRECTORS, SHAREHOLDERS, OWNERS, EMPLOYEES, OR AGENTS FOR ANY DAMAGES, LIABILITY, OR CAUSES OF
ACTION RELATING TO THIS SOLICITATION PROCESS OR THE MARKETING OR SALE OF THE PROPERTY.
THIS OFFERING MEMORANDUM SHALL NOT BE DEEMED TO REPRESENT THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS
BEEN NO CHANGE IN THE STATE OF AFFAIRS OF THE PROPERTY SINCE THE DATE OF THIS OFFERING MEMORANDUM
ACA HAS A POLICY OF PROACTIVE BROKER COOPERATION WITH THE INVESTMENT BROKERAGE COMMUNITY. IF APPLICABLE, A COOPERATING BROKER FEE OF THE
SALES PRICE SHALL BE PAID AT CLOSING TO COOPERATING BROKER THAT PROCURES AND REPRESENTS THE BUYER THAT ACQUIRES THIS PROPERTY. IF APPLICABLE,
COOPERATION DOES NOT INCLUDE BROKERS THAT REPRESENT THEMSELVES AS PRINCIPALS OR BROKER'S WHOSE MEMBER OF HIS IMMEDIATE FAMILY IS
PARTICIPATING IN THE PURCHASE OF THE PROPERTY. NO BROKER WILL BE RECOGNIZED ON A PROSPECT THAT HAS BEEN PREVIOUSLY CONTACTED OR BEEN
CONTACTED BY THE SELLER OR THE SELLER'S REPRESENTATIVES.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT LISTING AGENT FOR MORE DETAILS.
PROPERTY INFORMATION
Albright Callister is pleased to present to qualified investors
the opportunity to purchase the fee simple interest in a rare South
Rainbow retail center. The 2005 constructed, two Tenant building,
is 100% occupied and sits on 1.42 acres. The building has
tremendous visibility and architectural flare along one of the most
heavily traveled streets in Las Vegas.
The project is flanked by Boyd Gaming Corporate Headquarters to
the West and and office and retail projects North and South.
Both tenants operate in spaces that have been upgraded and feature
the latest in materials and design. Bonchon Korean Fried Chicken
has a beautiful 1100 sq. ft. canopied patio space that it utilizes
during the non-summer months to meet customer demand.
$2,847,424 Offering Price
6.00% Cap Rate
$170,845 Net Operating Income (Mar '19-Feb '20)
Yearly Increases* Staggered Leases with escalations
+/- 6,638 sq. ft. Building Size (Does not include patio square footage)
1.42 Acres Lot Size
*See Rent Roll for more details.
For more information, please contact:
Mike McLeod MBA, CCIM O: 702-732-1000
C: 702-366-4369
3658 N. Rancho Drive
Las Vegas, NV 89130
The information above has been obtained from sources we deem reliable and is submitted subject to errors, omission and changes. While we do not doubt its accuracy, we have not verified it and make no
guarantee warranty or representation about it. The recipient prior to lease, purchase, exchange or execution of legal documents should verify all information.
PROPERTY INFORMATION
MAP & AERIAL
Financial Analysis
Unit # Tenant Name Usable Sq. Ft. Start Date End Date Rate PSF/MO Monthly Rent Annual Rent CAM PSF/MO Monthly CAM Annual CAM Renewal Options Rental Increases Security Deposit
100 The Vision Center IV, LLC 4560 June 14, 2012 June 13, 2022 1.97$ 9,000$ 108,000$ 0.65$ 2,964$ 35,568$ 4, 5-Year CPI Annually -$
101 Charlest Y. Byun (dba Bonchon) 2338 Oct. 15, 2017 Oct. 14. 2027 2.24$ 5,237$ 62,845$ 0.40$ 935$ 11,222$ 1, 5-Year 3% Annually 13,584$
Totals 6898 14,237$ 170,845$ 3,899$ 46,790$
Common Area Expenses and full NNN Expenses
Operating Expenses Monthly Annually
Real Estate Taxes $1462.66 $17,551.96
Insurance $148.50 $1782.00
Utilities (Power & water) $488.19 $5858.38
Gas $75 $900
Sewer $402.14 $4825.63
Trash $490.74 $5888.88
Repairs/Maintenance (Pest Control) $28 $336
Fire Protection $135 $1620
Landscaping $110 $1320
Management Fee --- ---
Owner's Association $535 $6420
Miscellaneous --- ---
Total $3875.23 $46502.85
For more information, please contact:
Mike McLeod MBA, CCIM O: 702-732-1000
C: 702-366-4369
3658 N. Rancho Drive
Las Vegas, NV 89130
STABILIZED INVESTMENT OPPORTUNITY: 100% OCCUPIED. FULL CASH FLOWING INVESTMENT.
IRREPLACEABLE ASSET: SOUTH RAINBOW FRONTAGE. 43,000 VEHICLES PASS BY DAILY.
2 TENANT ROSTER:
BONCHON CHICKEN & THE VISION CENTERS.
RENT UPSIDE:
BELOW MARKET RENTS WITH SCARCITY OF RETAIL INVENTORY
For more information, please contact:
Mike McLeod MBA, CCIM O: 702-732-1000
C: 702-366-4369
3658 N. Rancho Drive
Las Vegas, NV 89130
INVESTMENT HIGHLIGHTS
TENANT PROFILE
www.visioncenterslv.com
THE VISION CENTERS PROVIDE THE LAS VEGAS VALLEY WITH THE FINEST SERVICE FOR CONTACT LENSES (INCLUDING UV PROTECTIVE
AND MULTIFOCAL LENSES), CORRECTIVE LENSES, AND DESIGNER FRAMES. THEY ARE ALSO ONE OF THE ONLY PRIVATE PRACTICES IN THE
LAS VEGAS VALLEY TO HAVE THEIR OWN FULL-SERVICE SURFACING LABORATORY TO HELP PROVIDE QUALITY SERVICE AT A FAST RATE.
THE VISION CENTERS’ OPTOMETRISTS ARE ALL THOROUGHLY TRAINED AND ACCOMPLISHED DOCTORS WITH DIVERSE BACKGROUNDS AND
EXPERTISE. THEIR TEAM CURRENTLY CONSISTS OF 5 DOCTORS: DR. CHIODO, DR. PODLOSKI, DR. SCHNEIDER, DR. COKER AND DR. DINH ALL
OF WHOM WORK WITH A BRILLIANCE AND PASSION.
THE VISION CENTERS’ SERVICES ARE SECOND TO NONE IN LAS VEGAS, SUMMERLIN, AND HENDERSON. WITH THE BEST DOCTORS USING THE
MOST UP-TO-DATE TECHNOLOGY, THE VISION CENTERS WILL HAVE YOU SEEING CLEARER THAN EVER BEFORE AND FEELING SECURE WITH
YOUR VISION.
TENANT PROFILE
AREA DEMOGRAPHICS (1 MILE RADIUS)
For more information, please contact:
Mike McLeod MBA, CCIM O: 702-732-1000
C: 702-366-4369
3658 N. Rancho Drive
Las Vegas, NV 89130