OFFERING MEMORANDUM 4061 W Charleston Blvd - Retail · the Las Vegas Beltway and runs through the planned communityofSummerlin.SR159continueseasttointersect Interstate 15 and then

KW COMMERCIAL2230 Corporate Circle,Suite 250Henderson , NV 89074

KIM [email protected] #BS.0144445

GARY [email protected]

4061 W Charleston Blvd - Retail

OFFERING MEMORANDUM

PRESENTED BY:

LAS VEGAS, NV

OFFERING MEMORANDUM

greenvalley.yourkwoffice.com/ 2

KW COMMERCIAL2230 Corporate Circle,Suite 250Henderson , NV 89074

KIM [email protected] #BS.0144445

GARY [email protected]

Confidentiality & Disclaimer

OFFERING MEMORANDUM

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Henderson Green Valley in compliance with all applicablefair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

PRESENTED BY:

LAS VEGAS, NV

http://greenvalley.yourkwoffice.com/


PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION

4061 W CHARLESTON BLVD - RETAIL


PROPOSAL FOR COMMERCIAL SERVICES

OFFERING MEMORANDUM


Executive Summary

4061 W CHARLESTON BLVD - RETAIL 1 | PROPERTY INFORMATION


PROPERTY OVERVIEWRetail strip mall center. Stand-alone building with onsite parking for19 cars. Currently 100% owner occupied. Potential for owner/user orfor investor with sale/leaseback to seller. - Prime West Charlestonlocation, with long-term tenant.

PROPERTY FEATURESFree standing building

Prime W Charleston Blvd location

Onsite parking

Solid block building

SALE PRICE: $999,000

CAP RATE: 6.81%

NOI: $68,040

LOT SIZE: 0.26 Acres

BUILDING SIZE: 6,300 SF

YEAR BUILT: 1970

ZONING: Limited Commercial District (C-1)

MARKET: Retail

SUB MARKET: Office Complex

CROSS STREETS: Valley View Blvd And Decatur Blvd


PROPERTY OVERVIEWRetail strip mall center. Stand-alone building with onsiteparking for 19 cars. Currently 100% owner occupied.Potential for owner/user or for investor with sale/leasebackto seller. - Prime West Charleston street location, withlong-term tenant.

* Onsite Parking

* Free Standing Building

* Solid Block Built

LOCATION OVERVIEWLocated on the south side of West Charleston Boulevard.West of South Valley View Boulevard and east of SouthDecatur Boulevard.

Charleston Boulevard, begins to the west as SR 159 were itenters the city of Las Vegas. A major east-west section linearterial bisecting the Las Vegas Valley. The highway crossesthe Las Vegas Beltway and runs through the plannedcommunity of Summerlin. SR 159 continues east to intersectInterstate 15 and then passes south of Downtown LasVegas. From there, the highway ventures further east tointersect Interstate 515 and U.S. Routes 93 and 95 beforereaching its terminus.

Property Description




Property Details



PROPERTY NAME: 4061 W Charleston Blvd - Retail

CITY, STATE, ZIP: Las Vegas, NV 89102

PROPERTY TYPE: Retail

APN: 162-06-502-002

ZONING: Limited Commercial District (C-1)

YEAR BUILT: 1970

NUMBER OF STORIES: 2



Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATION




OFFERING MEMORANDUM

4061, 4065, 4069 West CharlestonBlvd

Regional Map

4061 W CHARLESTON BLVD - RETAIL 2 | LOCATION INFORMATION




Location Maps



Aerial Map




FINANCIAL ANALYSIS

3 | FINANCIAL ANALYSIS

FINANCIAL SUMMARY

INCOME & EXPENSES

3FINANCIAL ANALYSIS




OFFERING MEMORANDUM

INVESTMENT OVERVIEW

Price $999,000

Price per SF $158.57

CAP Rate 6.8%

OPERATING DATA

Gross Scheduled Income $68,040

Financial Summary

4061 W CHARLESTON BLVD - RETAIL 3 | FINANCIAL ANALYSIS



INCOME SUMMARY PER SF

Rent $68,040 $10.80

GROSS INCOME $68,040 $10.80

EXPENSE SUMMARY PER SF

Property Taxes $2,617 $0.42

Insurance $600 $0.10

Sewer $960 $0.15

Trash $696 $0.11

Water $360 $0.06

Maintenance $500 $0.08

Tenant Paid - thru CAMs -$5,733 -$0.91

GROSS EXPENSES $0 $0.00

NET OPERATING INCOME $68,040 $10.80

Income & Expenses

4061 W CHARLESTON BLVD - RETAIL 3 | FINANCIAL ANALYSIS



DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

4DEMOGRAPHICS




OFFERING MEMORANDUM


* Demographic data derived from 2010 US Census

Demographics Map

4061 W CHARLESTON BLVD - RETAIL 4 | DEMOGRAPHICS

ETHNICITY 1 MILE 2 MILES 3 MILES

% HISPANIC 33.9% 44.6% 43.6%

RACE 1 MILE 2 MILES 3 MILES

% WHITE 73.5% 67.1% 65.2%

% BLACK 5.7% 7.0% 11.3%

% ASIAN 7.0% 7.7% 7.5%

% HAWAIIAN 0.3% 0.2% 0.4%

% INDIAN 0.2% 0.9% 0.8%

% OTHER 10.5% 13.9% 11.0%

POPULATION 1 MILE 2 MILES 3 MILES

TOTAL POPULATION 14,254 70,396 164,414

MEDIAN AGE 41.7 36.6 35.0

MEDIAN AGE (MALE) 39.9 35.6 34.4

MEDIAN AGE (FEMALE) 44.9 37.9 36.2

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

TOTAL HOUSEHOLDS 5,583 25,359 60,451

# OF PERSONS PER HH 2.6 2.8 2.7

AVERAGE HH INCOME $65,927 $59,516 $55,151

AVERAGE HOUSE VALUE $255,857 $248,158 $241,884


Documents

OFFERING MEMORANDUM 4061 W Charleston Blvd - Retail · the Las Vegas Beltway and runs through the planned communityofSummerlin.SR159continueseasttointersect Interstate 15 and then