Offering Memorandum

1 567 & 1 575 N. NELLIS BOULEVARDLAS VEGAS, NV 89110

NELLIS & OWENS RETAIL CENTER

9,200 SQUARE FOOT, 100% OCCUPIED RETAIL CENTER LOCATED IN THE EAST LAS VEGAS SUBMARKET

Nelson TresslerExecutive Managing Director, Retail Group702.405.1706ntressler@ngkf.com

Newmark Grubb Knight Frank has been engaged as the exclusive agent for the sale of 1567 & 1575 N. Nellis Boulevard, located in Las Vegas, NV (the “Prop-erty”), by Daycare Partners #1, LLC, the owner of the Property.

The Property is being off ered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Off ering Memorandum. The enclosed materials include highly confi dential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. Neither the enclosed materials nor any information contained herein is to be used for any other purpose or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed, should be registered with Newmark Grubb Knight Frank as a “Registered Potential Investor” or as “Buyer’s Agent” for an iden-tifi ed “Registered Potential Investor.” The use of this Off ering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the confi dentiality agreement furnished by Agent prior to delivery of this Off ering Memorandum.

The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsi-ble. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affi liates, offi cers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be com-prehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent or the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or make available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the ma-terial contained herein.

Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or off ers regarding the Prop-erty and/or to terminate discussions with any entity at any time, with or without notice. This off ering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller.

Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an off er to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations thereunder have been satisfi ed or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confi dential nature and will be held and treated in the strictest confi dence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller or Agent or as otherwise provided in the Confi dentiality and/or Registration Agreement executed and delivered by the recipient(s) to:

Newmark Grubb Knight Frank3930 Howard Hughes Parkway, Suite 180

Las Vegas, NV 89169702.733.7500

NELLIS & OWENS

Investment Summary & Highlights

Price

CAP Rate

CAP Rate on Actual

Price Per Square Foot

Scheduled Base Rent (Jan. 2017 - Dec. 2017)

Scheduled Reimbursements

TOTAL GROSS REVENUE

Scheduled Expenses

TOTAL OPERATING INCOME

Less 5% Vacancy Factor on Base Rent

NET OPERATING INCOME YEAR 1

$3,114,000.00

7.50%

7.90%

$338.00

$245,859.00

$38,640.00

$284,499.00

$38,640.00

$245,859.00

($12,293.00)

$233,566.00

The property off ers a stabilized income stream for investors with upside through both annual and scheduled rental increases.

Excellent 1031 Exchange opportunity - the property is 100% occupied both tenants hav-ing at least 4 years remaining on their term. This will allow the maximum loan-to-value ratio on new fi nancing

The property is located at a signalized inter-section with great exposure and easy access to 50,500 cars per day

OFF

ERIN

GIN

COM

E &

EXP

ENSE

S

NELLIS & OWENS RETAIL CENTERRENT SCHEDULE January 1, 2017 TO December 31, 2017

Average Rent: $2.23 Lease Start Lease Expiry Rent Increases Options Annual NNN Charges Base Rent Year 1 Total Rent Year 1

Building & Suite Tenant Square Feet1567 Building Nellis Kidz, LLC dba Kidz Kidz Kidz 7,500 5/20/2015 5/30/2022 10% Every 5 Years Two 5-Year $31,500.00 $214,800.00 $246,300.00

1575 Building GoAuto Management Services, LLC dba GoAuto 1,700 5/1/2016 6/30/2021 3% Annually One 5-Year $7,140.00 $31,059.00 $38,199.00

Total Scheduled Base Rent 9,200 $38,640 $245,859 $284,499

LESS 5% VACANCY FACTOR = $233,566

Rent Roll & Tenant Information

Kidz Kidz Kidz Preschool has been operating it this location since March of 2015. The com-pany currently operates 9 daycares across the Las Vegas valley. Since acquiring this lo-cation from the previous operator, the owner has increased their enrollment, thus proving the strength and expertise of the owner and her staff . The lease is personally guaranteed by both owners.

Go Auto Low Cost Insurance is an auto insur-ance agency based in Baton Rouge, LA. They currently operate 53 locations in Louisiana and 6 locations in Nevada. The company entered the Las Vegas market in early 2016 rolling out their six locations simultaneously. The company is currently expanding into the Reno market.

NELLIS & OWENS

Property Description

Building Size:

Year Built:

Land Area:

Parcel Number

Number of Buildings:

Primary Frontage:

Ingress/Egress:

Parking:

Traffi c Counts:

Building Construction:

Roof

HVAC:

9,200 square feet

2009

0.93 acres

140-29-502-001

2

100 feet on Nellis Blvd.128 feet on Owens Ave.

One curb cut on Nellis Blvd., and one on Owens Ave., in addition to a traffi c light at the corner

3.4/1,000 SF31 uncovered spaces

37,500 cars per day on Nellis Blvd.13,000 cars per day on Owens Ave.

Wood frame construction with painted stucco exterior. Retail storefronts are plate glass set in anodized aluminum frames

Built-up fl at roof membranes and tile

Roof-top package units

Fire/Life Safety:

Electrical:

Utility Providers Electricity: Gas: Sewer: Water: Waste:

Real Estate Taxes (2016):

Zoning:

Building is equipped with full wet sprinkler systems

Individually metered suites

NV EnergySouthwest Gas CorporationClark County Water ReclamationLas Vegas Water DistrictRepublic Services

$12,752.05

C-1 Limited Commercial (Las Vegas)

Site Plan

NOT A PARTOutdoorPlayground

OutdoorPlayground

NELLIS & OWENS

Property Photo

Parcel Map

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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 L

EG

EN

D

USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL

ASSESSOR'S PARCELS - CLARK CO., NV.

Scale: 1" = 200' 03/21/2012

T20S R62E 29 N 2 NE 4 140-29-5

31

30

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6 5 4 3 2

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PARCEL BOUNDARYSUB BOUNDARY

ROAD EASEMENTPM/LD BOUNDARY

HISTORIC LOT LINEMATCH / LEADER LINE

ROAD PARCEL NUMBERPARCEL NUMERACREAGE

PARCEL SUB/SEQ NUMBER

PLAT RECORDING NUMBER

BLOCK 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 PCL

SUB-SURFACE PCL

176

124125

141138 139

161162163

180179177 178

123 122

160159

140

Michele W. Shafe - Assessor

NELLIS & OWENS

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Nelson TresslerExecutive Managing Director, Retail Group702.405.1706ntressler@ngkf.com