Retail Lease Offering

Northeast Corner of Las Vegas Blvd. & Sahara Ave. 2417-2423 Las Vegas Boulevard South Las Vegas, Nevada 89104 Nelson Tressler Executive Managing Director Retail Investment Services 702.405.1706 [email protected]

Mike Zobrist Director Retail Leasing Services 702.405.1755 [email protected]

Curt Allsop Director Land Investment Services 702.405.1702 [email protected]

Table of Contents

Executive Summary Executive Summary Leasing Summary

3 4

Property & Area Information Site Plan & Conceptual Renderings Proposed Floor Plans Aerial Photography & Mapping Aerial Flyover Images Digital Signage Renderings & Photos

5 6 7-8 9 - 11 12 - 15

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Executive Summary This future multi-tenant retail development at Las Vegas Boulevard & Sahara Avenue is a very exciting opportunity for new tenants to locate at one of the most desirable addresses in the world. The project is anchored by a Walgreens drug store and situated adjacent to mega resorts up and down the Las Vegas Strip including the new “SLS Las Vegas” directly south across Sahara Avenue from the property. With 40+ million tourists visiting Las Vegas each year, the site will give new tenants the exposure that is difficult to achieve anywhere else. The project is a two-story multi-tenant retail property that is situated on the northeast corner of Las Vegas Boulevard South and Sahara Avenue. The building will have street front walk-up accessibility along with abundant parking which includes curbside spaces as well as a three level parking structure. The project will also benefit from a 137’ tall state of the art electronic LED multimedia sign fronting Las Vegas Boulevard. The sign will soon become a landmark on the Las Vegas Strip. Many recent positive signs have affected the north portion of the Strip. In particular, the sale and renovation of Sahara Hotel & Casino, which is currently being transformed into the high-end “SLS Las Vegas” brand slated to open in 2014. The new “SLS” will include 3,500 rooms and 175,000 square feet of gaming space. The proposed 87 acre multi-billion dollar Echelon Resort, located just south of the property was sold in March 2013 to Genting Group. Their plan is to complete the mega resort and create the new $2 billion “Resorts World Las Vegas”. In addition to these properties, there are more than 75 hotels and 175,000 rooms within three miles of the site. Additionally, the numbers related to the Las Vegas Strip including visitor count, occupancy level, gaming wins, and absorption rate have all increased in the last two quarters. In fact, Las Vegas had a record 39.7 million visitors in 2012 which generated more than $40 billion in economic impact. Furthermore, the average retail sales expenditures on Las Vegas Boulevard are more than double the national average. The property is also located approximately one mile from the Las Vegas Convention Center which attracted nearly 5 million convention attendees to Las Vegas in 2012. In February 2013, the Las Vegas Convention Center was approved to undergo a $2.5 billion upgrade and renovation to its facility and surrounding areas. Considering the aforementioned positive Las Vegas retail factors, this development is an opportunity that your business can’t afford to miss.

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Leasing Summary Address:

2417-2423 Las Vegas Boulevard South, Las Vegas, NV 89104

Building Type: Two Story Multi-tenant Retail Building

Percentage Rent:

7% Over Natural Break Point

Total Building Size: Approximately 41,529 Square Feet

Lease Type:

NNN

Available Space:

Estimated Delivery Date: 1st Quarter 2015

Percentage Leased:

Up to 9,528 SF Ground Level (Divisible) Up to 14,672 SF 2nd Level (Divisible) 137’ Tall Street-front LED Multimedia Signage

Zoning:

C-2 (City of Las Vegas Jurisdiction)

Traffic Counts: 101,000 Cars Per Day At Intersection 42%

Lease Rates: Contact Broker For Lease Rates Rent Escalations:

15% Base Rent Increases Every 5 Years

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Site Plan & Conceptual Renderings Southern Elevation

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Proposed Floor Plans First Floor - Walgreens & Restaurant/Retail Space

Mezzanine - Access from First Floor

Second Floor - Restaurant/Retail Space

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Meadows Mall

Y X

DOWNTOWN

RANC HO DR

Y X

OAKEY BLVD

SAHARA AVE

LA

WYNN

PALAZZO

The Wynn Golf Club

EASTERN AVE

Y X

IMPERIAL PALACE HARRAH'S

CAESAR'S PALACE

FLAMINGO

FLAMINGO RD

BALLY'S

BELLAGIO

PARIS COSMOPOLITAN

PLANET HOLLYWOOD

CITY CENTER

TROPICANA

LUXOR

TROPICANA BLVD

RD

EXCALIBER

MGM GRAND

SE

Y X

NEW YORK NEW YORK

RESIDENCES @ MGM

ADI

MONTE CARLO

HARD ROCK HARMON AVE

Y

THE PALMS RESORT

Forum Shops

RIO

TWAIN AVE

W

Sands

THE THE Convention MIRAGE VENETIAN Center

Las Vegas National Golf Course

H

Boulevard Mall

DESERT INN RD

ER

T.I.

Boulder Station Casino

LD U

S

ENCORE

Y X

NELLIS BLVD

TRUMP

Fashion Show Mall

VE

GA

S

Las Vegas Convention Center

MARYLAND PKWY

BL

VD

15

Las Vegas Country Club

O B

DECATUR BLVD

TURNBERRY FONTAINBLEAU PLACE FUTURE RESORTS LVH WORLD LAS VEGAS RIVIERA

" $ ! #

VALLEY VIEW BLVD

JONES BLVD

SLS

CIRCUS CIRCUS

PA R

RAINBOW BLVD

515

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Y X

GOLD COAST

" $ ! #

STRATOSPHERE

PALACE STATION

Y X

Y X

CHARLESTON BLVD

LAMB BLVD

Y X

Y X PECOS RD

95 t u

Y X

Y X

MCLEOD DR

JO

Y X

Sam's Town Casino

Casino/Resort Industrial Employment Office Employment

Y X

Retail Education

MANDALAY BAY

7

AVE

RD

F A IR F IE L

D AVE

CL EV E LA ND

ALLURE Condominiums

DI RA

AVE

PA

C IN C IN NA T I

SE

35,000 VPD

Bonanza Gift Shop

1st Floor Retail 9,528 SF

15,000 VPD

17,329 SF

55,388 VPD

SAHARA AVE

54,038 VPD

32,000 VPD

LA

S

VE

GA

S

BL

VD

64,000 VPD

LV Monorail Sahara Station

40,000 VPD

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Aerial Flyover Images

9

Aerial Flyover Images

10

Aerial Flyover Images

11

Potential Digital Signage Renderings

12

Property Photographs

13

Property Photographs

14

Property Photographs

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Las Vegas Office 3930 Howard Hughes Pkwy. Suite 180 Las Vegas, NV 89169 702.733.7500