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
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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
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PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DESCRIPTION
PROPERTY DETAILS
ADDITIONAL PHOTOS
1PROPERTY INFORMATION
4061 W CHARLESTON BLVD - RETAIL
4061 W CHARLESTON BLVD - RETAIL
PROPOSAL FOR COMMERCIAL SERVICES
OFFERING MEMORANDUM
Executive Summary
4061 W CHARLESTON BLVD - RETAIL 1 | PROPERTY INFORMATION
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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
4061 W CHARLESTON BLVD - RETAIL 1 | PROPERTY INFORMATION
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Property Details
4061 W CHARLESTON BLVD - RETAIL 1 | PROPERTY INFORMATION
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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
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Additional Photos
4061 W CHARLESTON BLVD - RETAIL 1 | PROPERTY INFORMATION
LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
LOCATION MAPS
AERIAL MAP
2LOCATION INFORMATION
4061 W CHARLESTON BLVD - RETAIL
4061 W CHARLESTON BLVD - RETAIL
PROPOSAL FOR COMMERCIAL SERVICES
OFFERING MEMORANDUM
4061, 4065, 4069 West CharlestonBlvd
Regional Map
4061 W CHARLESTON BLVD - RETAIL 2 | LOCATION INFORMATION
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Location Maps
4061 W CHARLESTON BLVD - RETAIL 2 | LOCATION INFORMATION
Aerial Map
4061 W CHARLESTON BLVD - RETAIL 2 | LOCATION INFORMATION
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FINANCIAL ANALYSIS
3 | FINANCIAL ANALYSIS
FINANCIAL SUMMARY
INCOME & EXPENSES
3FINANCIAL ANALYSIS
4061 W CHARLESTON BLVD - RETAIL
4061 W CHARLESTON BLVD - RETAIL
PROPOSAL FOR COMMERCIAL SERVICES
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
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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
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DEMOGRAPHICS
4 | DEMOGRAPHICS
DEMOGRAPHICS MAP
4DEMOGRAPHICS
4061 W CHARLESTON BLVD - RETAIL
4061 W CHARLESTON BLVD - RETAIL
PROPOSAL FOR COMMERCIAL SERVICES
OFFERING MEMORANDUM
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* 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