8-BAY AUTO SHOP - LoopNet

8-BAY AUTO SHOP

LEASING OM

5610 W CHARLESTON BLVDLAS VEGAS, NV 89148

DUSTIN R. ALVINOFIRST VICE PRESIDENT INVESTMENTS

DARREN ALVINOASSOCIATE

MADELYN RUPPRECHTBROKERAGE ADMINISTRATOR

JAKE WASSERKRUGASSOCIATE

ANI PAULSONASSOCIATE

DANA DAVIDSONOPERATIONS MANAGER

AUSTIN LEEASSOCIATE

TAMIR ISRAELIMARKETING COORDINATOR

NICK GRAYDIRECTOR, MMCC

(702) [email protected]: NV BS.0143692

(702) [email protected]: NV S.0171959


(843) [email protected]: SC 108539


(702) [email protected]



(702) [email protected]: 1152363 | NV: 4096

MARCUS & MILLICHAPTEAM IN NEVADA

NET LEASED TEAM IN NEVADA

RETAIL TEAM IN NEVADA

Enterprise Rent-A-Car

Wendy’s Portfolio

Holiday Motel Portfolio

Big O’ Tires

Shops at Village Square

Starbucks

UCLA Student Housing

Durango-Teton Center

DaVita Dialysis

Sherwin Williams

Dollar General

AutoZone

Arby’s Portfolio

Jack in the Box

Meineke

Smith’s Food & Drug

Fatburger

Cummin’s Inc.

Family Dollar Portfolio

Masco II Industrial Park

Las Vegas Blvd Land

Plaza Storage

O’Reilly Auto Parts

Jack in the Box

7-Eleven

Jiffy Lube

24 Hour Fitness

Chase Bank

Taco Bell Portfolio

Service King

La Bonita Markets

W Flamingo Shopping Strip

Dunkin’ Donuts

Chipotle

Advance Auto Parts

Dairy Queen

NOTABLE NATIONWIDE TRANSACTIONSTHE ALVINO TEAM OF MARCUS & MILLICHAP

DEAL LEAD

TABLE OF CONTENTS

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07

19

08

22

09

24

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INVESTMENTOVERVIEW

SITEPLANS

SURROUNDINGRETAIL

PROPERTY FACTS

LAS VEGASDEVELOPMENT PROJECTS

PROPERTYPHOTOS

MARKETOVERVIEW

DEMOGRAPHICS

Investment Overview

RENTABLE AREA 5,100 SF

LOT SIZE 0.73 AC/31,798 SF

YEAR BUILT/RENOVATED 1986/2018

PARKING SPACES 28 Spaces

PARKING RATIO 5.49:1,000 SF

ZONING C-2; General Commercial

EST. PROPERTY TAX 2019 $6,347.78

PROPERTY 8-Bay Auto Shop

ADDRESS 5610 West Charleston Blvd

Las Vegas, NV 89148

PARCEL NUMBER 138-36-408-004

ASKING RENT $122,400/NNN

ASKING RENT/SF $2.00/Month NNN

BAYS 8 Service Bays

BAY DOORS 12’ X 16’

LEASE HIGHLIGHTS OFFERING DETAILS

PROPERTY SPECS

• Asking Rent of $2.00 Per SF | NNN

• Excellent Ingress/Egress off East & Westbound Charleston Boulevard

• Property has 8 Bays of 12’ X 16’ Each

• Property Sits on 0.73 AC of Land

• Direct Exposure to Over 35,000 VPD on West Charleston Blvd

• Less than 2 miles from A Walmart Supercenter, Planet Fitness, Meadow’s Mall, and the College of Southern Nevada (30,000 students)

• Less than 5 miles from the University Medical Center and Las Vegas Premium Outlets, Texas Station Casino and Fiesta Rancho Hotel & Casino

Site Plan6 7

TRAFFIC COUNTS

ACCESS

IMPROVEMENTS

PARKING

PARCEL NUMBER

YEAR BUILT/RENOVATED

ZONING

There are two (2) access points on Charleston Blvd

Charleston Blvd: 35,000 (2018)

1986 Construction/Renovated 2018

There is roughly 5,100 square feet of building area

There are 28 parking spaces on the subject parcel. 5:59:1,000 SF

Parcel #:138-36-408-004Acres: 0.73Land SF: 31,799

C-2; General Commercial

Property Facts Property Photos8 9

Property Photos Property Photos10 11

Surrounding Retail

W C

HA

RLE

STO

N: 3

5,00

0 V

PD

5610 W Charleston Blvd

18 19

LAS VEGAS

NEVADA

Las Vegas Development Projects

Raiders Headquarters Circa Hotel & Casino

Las Vegas BallparkUNLV School of Medicine

Las Vegas Development Projects

MSG Sphere Las Vegas

The Drew (Previously Fontainbleu) Resorts World

Las Vegas Convention Center Expansion

22 23

Market Overview

The stadium project is estimated to come at a cost of around $1.9 billion.

It’s a state-of- the-art facility that neighbors the Las Vegas Strip and is being designed by Kansas City-based MANIAC Architecture. The site it’d be located on is a 63-acre piece of land on Russell Road, on the west side of Interstate 15.

The plan is for it to be a domed, air-conditioned stadium with a capacity of 65,000 spectators. If a Super Bowl were to come to Las Vegas — which seems highly likely — the stadium can increase its capacity to 72,000 seats.

The design of the stadium currently includes a retractable, natural turf field and giant glass walls that open for a better view of the strip.

LAS VEGAS

24

Our story began with a goal … to bring NHL hockey to Las Vegas. Our goal has been realized and Las Vegas has shown that we are ready - ready for the energy, excitement and thrill that only NHL hockey can deliver. We’ve done the research, polled the community and rallied our local businesses. ALL are eager to support an NHL team. Las Vegas is proud to have joined the elite list of NHL cities.

FOR OUR COMMUNITY

We want friends and families to attend games together — and look forward to those outings, where memories will be created. We want coworkers to gather around the water cooler the day after an exciting hockey game to talk about the plays, the hat tricks and who got iced. And, we want to add to the quality of life in Las Vegas. We believe an NHL® team in Las Vegas will make all of this a reality.

FOR OUR YOUTH

Hockey is an excellent motivator for our youth, teaching the value of team skills, hard work and determination. If we are able to secure a team in Las Vegas, we are committed to supporting youth hockey in Las Vegas through the development of youth hockey rinks, programs and other activities.

NHL HOCKEY HAS ARRIVED IN LAS VEGAS

Market Overview 27

ROBUST EMPLOYMENT GROWTHA diversifying employment base will support job growth, which is expected to outpace the U.S. growth rate over the next five years.

STRONG POPULATION GAINSThe metro’s population is forecast to increase dramatically in the coming years, exceeding national gains.

VAST TOURISM INDUSTRYVisitor volume reached 42 million in 2018, ranking Las Vegas among the top tourist destinations in the country.

LAS VEGAS OVERVIEW

Las Vegas is considered one of the premier entertainment cities of the world, with more than 42.1 million visitors recorded in 2018. It has evolved into a world-class destination for resorts, restaurants, shopping and diversified entertainment options.

The Las Vegas-Henderson-Paradise MSA is also one of the fastest-growing metros in the nation. The population of nearly 2.2 million people ranks it among the top 50 most populous metros in the U.S. In conjunction with rising wages, the metro’s median household income recently surpassed the national average by 1.4 percent as it climbed 5.1 percent. This increase allows residents to make more discretionary spending.

METRO HIGHLIGHTS

Market Overview

ECONOMY

SHARE OF 2017 EMPLOYMENT

• With all 10 of the nation’s largest hotels located in Las Vegas, tourism and entertainment are the most significant drivers of the Las Vegas economy; however, the economy is diversifying into distribution, back-office operations and manufacturing.

• The metro’s business-friendly environment, access to Western markets, large labor force, and availability of high-speed data attract companies such as Switch, Amazon, K2 Energy, Scientific Games, Sunpreme, Tectonics, Virtual Guard, VadaTech and Zappos.

• The 2.3 million-square-foot Las Vegas Convention Center is one of the largest in the world and draws more than 6 million attendees annually.

MAJOR AREA EMPLOYERS

Wynn Resorts Boyd Gaming

Station Casinos Valley Heath System

MGM Resorts Cosmopolitan of Las Vegas

Las Vegas Sands Dignity Health - St. Rose Dominican

Caesars Entertainment United Healthcare of Nevada

2%MANUFACTURING

14%PROFESSIONAL

11%GOVERNMENT

29%HOSPITALITY & LEISURE

5%FINANCIAL SERVICES

18%TRADE, TRANSPORTATION &

UTILITIES

7%CONSTRUCTION

10%EDUCATION & HEALTHCARE

1%INFORMATION TECHNOLOGY

3%OTHER SERVICES

Market Overview28 29

CITY DEMOGRAPHICS

QUALITY OF LIFE

The population will expand by more than 264,000 residents over the next five years, resulting in the formation of nearly 116,000 households.

The homeownership rate of 52 percent is well below the national rate of 64 percent, creating a strong rental market.

Roughly 22 percent of the population age 25 and older have attained a bachelor’s degree, and 7 percent also hold a graduate or professional degree.

6% 19% 6% 29% 25% 14%0-4 Years 5-19 Years 20-24 Years 25-44 Years 45-64 Years 65+ Years

POPULATION BY AGE (2017)

With approximately 320 days of sunshine annually and an average temperature of 80 degrees, residents and visitors alike have plenty to do besides enjoy the resorts and casinos in Clark County. Water-sports enthusiasts can take advantage of various activities at Lake Mead and the Colorado River, including boating, fishing, water skiing and sailing. Red Rock Canyon Conservation Area, located off the Strip, offers outstanding hiking and mountain-climbing opportunities.

Las Vegas is home to the University of Nevada-Las Vegas (UNLV), which has received national recognition for its hotel management, criminal justice and social-work programs. Other institutions of higher learning in Las Vegas include the College of Southern Nevada.

2018 POPULATION

2018 HOUSEHOLDS

2018 MEDIAN AGE

2018 MEDIAN HOUSEHOLD INCOME

2.2M Growth ‘2018-2023

12.1%

800KGrowth ‘2018-2023

14.5%

37.1U.S. MEDIAN:

38.0

$55,700U.S. MEDIAN:

$58,800

SPORTS

EDUCATION

ARTS & ENTERTAINMENTS

Demographics Demographics30 31

NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this

marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,

service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to

provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square

footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial

condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever

regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein, providing tenant lessee information about this listing to prospective

customers.

POPULATION RACE & ETHNICITY

HOUSEHOLDS HOUSING

INCOMEEMPLOYMENT

In 2018, the population in your selected geography is 20,400. The population has changed by 10.03% since 2000. It is estimated that the population in your area will be 20,382.00 five years from now, which represents a change of -0.09% from the current year. The current population is 50.13% male and 49.87% female. The median age of the population in your area is 38.69, compare this to the US average which is 37.95. The population density in your area is 6,489.57 people per square mile.

The current year racial makeup of your selected area is as follows: 55.00% White, 9.53% Black, 0.77% Native American and 6.35% Asian/Pacific Islander. Compare these to US averages which are: 70.20% White, 12.89% Black, 0.19% Native American and 5.59% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 47.39% of the current year population in your selected area. Compare this to the US average of 18.01%.

There are currently 7,342 households in your selected geography. The number of households has changed by 3.51% since 2000. It is estimated that the number of households in your area will be 7,458 five years from now, which represents a change of 1.58% from the current year. The average household size in your area is 2.71 persons.

The median housing value in your area was $127,750 in 2018, compare this to the US average of $201,842. In 2000, there were 3,818 owner occupied housing units in your area and there were 3,275 renter occupied housing units in your area. The median rent at the time was $630.

In 2018, the median household income for your selected geography is $41,843, compare this to the US average which is currently $58,754. The median household income for your area has changed by 8.56% since 2000. It is estimated that the median household income in your area will be $47,374 five years from now, which represents a change of 13.22% from the current year. The current year per capita income in your area is $19,007, compare this to the US average, which is $32,356. The current year average household income in your area is $52,275, compare this to the US average which is $84,609.

In 2018, there are 11,585 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 46.17% of employees are employed in white-collar occupations in this geography, and 54.16% are employed in blue-collar occupations. In 2018, unemployment in this area is 7.34%. In 2000, the average time traveled to work was 25.00 minutes.

Demographics32

PRESENTED BYDustin R. Alvino First Vice President Investments 702-215-7120 [email protected] License: NV BS.0143692

Darren J. Alvino, II Associate 702-215-7121 [email protected] License: NV S.0171959

Austin Lee Associate 702-215-7141 [email protected]: NV S.0185981

Ani Paulson Associate 843-952-2268 [email protected] License: SC 108539

Jake Wasserkrug Associate 702-215-7135 [email protected] License: NV S.0185362

Madelyn Rupprecht Brokerage Administrator 702-215-7136 [email protected]

Tamir Israeli Marketing Coordinator 702-215-7127 [email protected]

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