S U M M E R L I N - LoopNet€¦ · PRESCRIPTION SPORT SUNGLASSES, GOGGLES & EYEWEAR. EYE GEAR...

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S U M M E R L I N 5 Tenant Retail Center 100% Occupied Gold LEED Certified 10595 Discovery Drive Las Vegas, Nevada 89135 For more information, please contact: Mike McLeod MBA, CCIM C: 702-366-4369 E: [email protected]

Transcript of S U M M E R L I N - LoopNet€¦ · PRESCRIPTION SPORT SUNGLASSES, GOGGLES & EYEWEAR. EYE GEAR...

Page 1: S U M M E R L I N - LoopNet€¦ · PRESCRIPTION SPORT SUNGLASSES, GOGGLES & EYEWEAR. EYE GEAR SPORT OPTICS CYCLERY/SPORT OPTICS, LOCATED IN LAS VEGAS, NEVADA, HAS ESTABLISHED ITSELF

S U M M E R L I N 5 Tenant Retail Center

100% Occupied

Gold LEED Certified

10595 Discovery Drive

Las Vegas, Nevada 89135

For more information, please contact:

Mike McLeod MBA, CCIM C: 702-366-4369

E: [email protected]

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ALBRIGHT CALLISTER & ASSOCIATES, LLC

CONFIDENTIALITY AGREEMENT

THIS OFFERING MEMORANDUM CONTAINS SELECT INFORMATION PERTAINING TO THE BUSINESS AND AFFAIRS OF 10595 DISCOVERY DRIVE, LAS VEGAS, NV 89135. 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.

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Albright Callister is pleased to present to qualified investors

the opportunity to purchase the fee simple interest in a rare

Summerlin retail center. The newly constructed Gold LEED

certified building is 100% occupied by 5 unique tenants. The

center was constructed and tenanted with businesses that provide

synergy and support the world famous eco conscious businesses of

Las Vegas Cyclery and Escape Adventures. Las Vegas Cyclery is

on the East side of the center and runs a touring company and bike

shop out of their "one-of-a-kind" net zero facility!

Address 10595 Discovery Drive, Las Vegas, NV 89134 Building Size 8382 square feet Price $4,196,236.00 Occupancy 100% Cap Rate 5.5% Net Operating Income $230,793 (July 1, 2019-June 30, 2020) Land Area +/-0.72 acres Price per Sq. Ft. $500.62 Year Built 2015

*See Rent Roll for more details.

For more information, please contact:

Mike McLeod MBA, CCIM O: 702-732-1000

C: 702-366-4369

E: [email protected]

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.

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MAP & AERIAL

10595 Discovery Drive

Page 5: S U M M E R L I N - LoopNet€¦ · PRESCRIPTION SPORT SUNGLASSES, GOGGLES & EYEWEAR. EYE GEAR SPORT OPTICS CYCLERY/SPORT OPTICS, LOCATED IN LAS VEGAS, NEVADA, HAS ESTABLISHED ITSELF

INVESTMENT HIGHLIGHTS

STABILIZED INVESTMENT OPPORTUNITY:

100% OCCUPIED. FULL CASH FLOWING INVESTMENT.

IRREPLACEABLE ASSET: SUMMERLIN CACHET. SUMMERLIN DEMOGRAPHICS. GOLD LEED CERTIFIED.

DIVERSE TENANT MIX:

PEET'S COFFEE, EYE GEAR SPORTS OPTICS, SPORTIF CHIROPRACTIC,

POWER HOUR 360, BLOCK 9 THAI STREET EATS.

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

E: [email protected]

3658 N. Rancho Drive

Las Vegas, NV 89130

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TENANT PROFILES

At PH360, the recipe is the same whether you are a normal person on the street or a seasoned athlete. The only thing that differs is yo ur intensity level.

We cater to all levels, as well as each individual’s specific goals. Some of our members are businessmen and women. Some are stay-at-home moms or

dads. Some come to get quality cross training for their favorite sport, and some are training for their next marathon or Iron man. Regardless of who we all are, we all train to develop strong, energetic, healthy bodies and minds.

It is our mission at Power Hour 360 to create lasting results for our PH360 members. These lasting results are achieved by fo llowing our simple and effective training philosophy.

Welcome to Chef Nittaya Parawong’s new food concept: Block 9 Thai Street Eats! Block 9 joins the renowned Nittaya’s Secret Kitchen in her family of restaurants.

There’s a culture in the streets of Thailand that inspires a unique, flavor-forward cuisine. For hundreds of years, street vendors have offered fresh specialties, served in

a casual setting to passers-by. Chef Nittaya has drawn upon her childhood growing up in Thailand and taken the street-inspired food phenomena to a whole new level.

And Block 9 Thai Street Eats was born.

Chef Nittaya learned her love for this fresh fare in her native city of Bangkok, where the most delectable food of the people is served from push cart vendors in

gathering spots. Each day the push carts gather in their usual places to prepare their special dishes. The best Pad Thai? Go three blocks over. The best lunches? Go to

Block 7.

And so, Chef Nittaya has named Block 9 Thai Street Eats as an homage to roots of her family and her native county. Whether you grab and go, or dine in and enjoy

the casual fresh and fast atmosphere, you will savor the unique food experience that will take you to the streets and culture of Thailand.

Promoting Wellness through patient education and lifestyle changes in conjunction with spinal manipulation. At Sportif Chiropractic spinal manipulation

is the primary treatment and physical therapy modalities are secondary.

Dr. Tony Vu, D.C. has been in practice for 23 years in the Las Vegas area.The original location on Rainbow was named Rainbow Chiropractic Center Ltd.

After moving to the West side of town on 215 and Town center the practice was rebranded Sportif Chiropractic. Dr. Vu specializes in treatments of headaches,

low back pain, sciatica from piriformis syndrome and disc compression to radicular arm pain.

Dr. Vu believes in active care and each patient will get home exercise and stretching instructions based on their symptoms so as to keep the patient from

repeating the same causes of pain. The majority of our patients see results after three treatments. If patients apply the lifestyle changes outlined, results are long-

term and permanent. Exercise, stretching and regular chiropractic maintenance visits will ensure long-lasting symptom-free lifestyle with added

performance enhancements.

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TENANT PROFILES CONTINUED

PRESCRIPTION SPORT SUNGLASSES, GOGGLES & EYEWEAR.

EYE GEAR SPORT OPTICS CYCLERY/SPORT OPTICS, LOCATED IN LAS VEGAS, NEVADA, HAS ESTABLISHED ITSELF AS THE LEADER IN TECHNICAL KNOWLEDGE AND

PRODUCT AVAILABILITY FOR ALL ACTIVE EYEWEAR INCLUDING AND SPECIALIZING IN PRESCRIPTIVE APPLICATIONS.

MIKE HILEMAN, A LICENSED OPTICIAN SINCE 1993, HAS DEDICATED HIS BUSINESS TO PROVIDING THE MOST ADVANCED PRODUCTS AVAILABLE FROM OAKLEY, RUDY

PROJECT, MAUI JIM, KAENON, RAY-BAN AND MORE, TO CUSTOM RX SWIM/DIVE/SKI SPORTS EYEGLASSES & GOGGLES FOR ADULTS AND CHILDREN OF ALL AGES.

From sourcing the finest beans in the world to carefully calibrating each roast and hand-crafting each beverage—Peet's knows coffee. Whether you

want to learn how to brew the perfect cup at home, or you're curious about our social responsibility, let us share our coffee know-how with you.

When Alfred Peet opened the doors to his first coffee bar in 1966, he quietly ignited a revolution that forever changed the expectations of American

coffee drinkers. From his commitment to quality to his meticulous attention to detail, we abide by his principles today.

From verified sourcing, to providing training to coffee farmers, to helping breed the climate-smart coffee plants of tomorrow, Peet’s is redefining what

it means to be a responsible coffee purveyor today.

Page 8: S U M M E R L I N - LoopNet€¦ · PRESCRIPTION SPORT SUNGLASSES, GOGGLES & EYEWEAR. EYE GEAR SPORT OPTICS CYCLERY/SPORT OPTICS, LOCATED IN LAS VEGAS, NEVADA, HAS ESTABLISHED ITSELF
Page 9: S U M M E R L I N - LoopNet€¦ · PRESCRIPTION SPORT SUNGLASSES, GOGGLES & EYEWEAR. EYE GEAR SPORT OPTICS CYCLERY/SPORT OPTICS, LOCATED IN LAS VEGAS, NEVADA, HAS ESTABLISHED ITSELF

For more information, please contact:

Mike McLeod MBA, CCIM O: 702-732-1000

C: 702-366-4369

E: [email protected]

3658 N Rancho Drive

Las Vegas, NV 89130