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For Sale: The Key Center "E and S Center II, LLC"

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Page 1: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

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Page 2: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

July 1, 2019For Sale

Key Center100% Leased Corner Anchored Neighborhood Retail Center

Sales Price is $2,975,0006.37% Cap Rate - $278 per square foot

10,683 Square Foot Retail Building situated on 0.71 Acres2401 S Eastern Avenue, Las Vegas, Nevada 89104

Located at the northeast corner of Sahara and Eastern

For more information or to schedule a tour,please contact Ben Super, [email protected]

Page 3: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

Financial Overview For Sale: Key Center, To schedule a property tour, please contact Benjamin J Super, Super Realty, (702) 737-0390

Super Realty is exclusively marketing the Key Center, a 100% leased corner anchored neighborhood retail center located at the northeast corner of Sahara and Eastern in Las Vegas, Nevada. Anchored by 7-Eleven and Wireless Toys on each end, the centers other tenants include Flavor Zone, La Ca Sita Mexican Restaurant, LV Taxes & Insurance, Vapor Cloud and our brand new Pharmacy. This is a superior eastside location with excellent demographics and traffic counts. This prominent Las Vegas intersection is known for both the many retail, office and new & used automotive dealerships located in close proximity. Furthermore, Valley High School and K. O. Knudson Middle School are also neighbors together with Jaycee Community Park located nearby.

The Key Center is available for sale as follows:Sales Price: $2,975,000.Net Op Income: $189,565.77CAP Rate: 6.37% CAP Rate Price per square foot building: $278 per square foot Price per square foot land: $96.19per square footTypical Lease Type: NNN; Tenants are invoiced for roof repairs through the CAMs. Tenants (except for 7-Eleven) are also responsible for structure through the CAMsAddress: 2403, 2405, 2407, 2409, 2411, 2413 and 2415 East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008Airport Directions: Exit McCarran International Airport heading north on Swenson until Sahara Ave.

Turn Right (east) onto Sahara. Continue down East Sahara until you reach East-ern. The property is situated at the corner.

City: The property is located in the City of Las Vegas, Clark County, Nevada 89104Size: 10,683 Square FeetLand: 0.71 acres (30,927.60 square feet)Construction Type: Frame and StuccoYear Built: 1986Zoned: Limited Commercial District (C-1)Utility Services: Water; Las Vegas Valley Water District Power; NV Energy Gas; Southwest Gas Sewer; City of Las Vegas Sewer Service

Cooperation: 2% Broker Cooperation Encouraged. For more information or to schedule a tour, please contact Ben Super, [email protected]

Page 4: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran
Page 5: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran
Page 6: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

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Page 7: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

7/22/2019 index

maps.clarkcountynv.gov/gismo/apps/openweb_js/app/print/form.html?@map=http://maps.clarkcountynv.gov/arcgis/rest/directories/arcgisoutput/Utilities… 1/1

The MAPS and DATA are provided without warranty of any kind, expressed or implied.

Date Created: 07/22/2019

Property InformationParcel: 16201401008

Owner Name(s): E

Site Address: 2401 S EASTERN AVE

Jurisdiction: Las Vegas - 89104

Zoning Classification: Limited Commercial District (C-1)

Planned Landuse:Misc InformationSubdivision Name: null

Lot Block: Lot: Block: Construction Year: 1986

Sale Date: Not Available T-R-S: 21-61-1

Sale Price: Not Available Census tract: 1402

Recorded Doc Number: 20060303 00000965 Estimated Lot Size: 0.71

Flight Date: Apr.14.2018

Elected OfficialsCommission: E - Tick Segerblom (D) City Ward: 3 - Bob Coffin

US Senate: Jacky Rosen , Catherine Cortez-Masto US Congress: 1 - Dina Titus (D)

State Senate: 10 - Yvanna D. Cancela (D) State Assembly: 15 - Howard Watts, III (D)

School District: D - Irene Cepeda University Regent: 5 - Sam Lieberman

Board of Education: 1 - Robert Blakely Minor Civil Division: Las Vegas

Page 8: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

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NOTES

This map is for assessm

ent use only and does NO

T represent a survey.

No liability is assum

ed for the accuracy of the data deliniated herein. Inform

ation on roads and other non-assessed parcels may be obtained

from the R

oad Docum

ent Listing in the Assessor's O

ffice.

This map is com

piled from official records, including surveys and deeds,

but only contains the information required for assessm

ent. See the

recorded documents for m

ore detailed legal information.

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Page 9: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

Page 8: Tenant ProfilesFor Sale: Key Center, To schedule a property tour, please contact Benjam

in J Super, Super Realty, (702) 737-0390

7-Eleven 7-Eleven is a Japanese-owned American international chain of convenience stores, head-quartered in Irving, Texas, that operates, franchises, and licenses some 64,319 stores in 18 countries as of January 2018. 7-Eleven in the United States sells Slurpee drinks, a partially frozen soft drink and Big Gulp beverages. Other products include: fresh-made daily sandwiches, fresh fruit, salads, bakery items, hot and prepared foods, gasoline, dairy products, carbonated beverages and energy drinks, juices, financial services, and product delivery services.

Wireless Toyz Wireless Toyz offers a one-stop cellular shopping experi-ence that is truly one-of-a-kind. If you’ve never visited your local Wireless Toyz store, here’s a glimpse of what you’ll find inside.

One-stop convenience al-lows you to find your next cell phone easier

From Bluetooth® devices to Aircards, and from Palm® to Blackberry®, Wireless Toyz offers an enormous selection of brands, accessories, rate plans, and more, all under one roof. Plus, with 72 loca-tions across the nation, we’re an easy-to-find destination for all of your cellular needs.

Page 10: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

Page 9: Tenant Profiles Continued:For Sale: Key Center, To schedule a property tour, please contact Benjam

in J Super, Super Realty, (702) 737-0390

LV Insurance and TaxesLV Insurance and Taxes, owned by Edward Freij, is a full service office offering tax services, insurance service, same day SR22, notary public, Rompe and traffic tickets, low down payments, low monthly payments, liability and offer-ing full coverage products.

Cherry Berries Healthy Eating with Great Taste! Cherry Berries is a cute little cafe! Menu items in-clude Licuados, Paninis, Carne Asada Nachos, and Ensaladas.

The owner says that “I grew up on this side of town and remember that nothing cute or new ever moved in except for taco shop after taco shop. Now I love a good taco, but I don’t want tacos every day. Everyone needs some variety in food options! I am happy this side of town is finally get-ting some new business love!”

http://www.cherryberrieslv.com/

Page 11: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

Page 10: Tenant Profiles Continued:For Sale: Key Center, To schedule a property tour, please contact Benjam

in J Super, Super Realty, (702) 737-0390

La Casita Mexican Restaurant LVLa Casita Mexican Restau-rant LV is both authentic and delicious. Specializing in Antojitos, platillos, mariscos, cerveza and preparadas, chef and owner De Dona Machi creations will have you com-ing back for seconds.

http://www.lacasitamexican-restaurantlv.com/

Vapor Cloud Vapor Cloud is our newest tenant and an alternative to traditional tobacco prod-ucts. Although much data and research remains, we are excited about the antidotal healthier-benefits vaping offers. However, we are not promoting excessive and reckless vaping. So please do your part and maintain a healthier life-style and better-choices. “We can do it” Over-come any vice that lowers ones self-esteem. We will see you there so bring your question about vaping or experience to share.

http://mobile.vaporcloud.comcastbiz.net/

Page 12: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

New Search Recorder Treasurer Assessor Clark County Home

Parcel ID 162-01-401-008 Tax Year 2020 District 200 Rate 3.2782

Situs Address: 2401 S EASTERN AVE LAS VEGAS Legal Description: ASSESSOR DESCRIPTION: PT SW4 SW4 SEC 01 21 61GEOID: PT SW4 SW4 SEC 01 21 61

Status: Active Taxable

Property Characteristics

Tax CapIncrease Pct. 4.8

Tax Cap LimitAmount 10744.21

Tax CapReduction 0.00

Land Use 3-55 GeneralCommercial.Neigh

Cap Type OTHER Acreage 0.7100

ExemptionAmount 0.00

Property Values Land 119073 Improvements 208235

Total Assessed Value 327308 Net Assessed Value 327308 Exemption Value NewConstruction 0

New Construction -Supp Value 0

Property Documents 2006030300965 3/3/2006 86073000183 7/30/1986

Role Name Address Since To Owner E & S CENTER II L L C PO BOX 25457 , PRESCOTT VALLEY, AZ 86312 UNITED STATES 6/14/2019 Current

������� Item Amount Taxes as Assessed $10,729.81 Less Cap Reduction $0.00

Net Taxes $10,729.81

���� ��������������� ���� � Tax Year Charge Category Amount Due Today����������������������������� ����������������� $0.00

��!����""��������� Tax Year Charge Category Installment Amount Due 2020 Property Tax Principal $2,682.46 2020 Las Vegas Artesian Basin $1.76��!����""���� ��������#�$��%�&�� ���� $2,684.22

�"������� ���'���������!���� Tax Year Charge Category Remaining Balance Due 2020 Property Tax Principal $10,729.81 2020 Las Vegas Artesian Basin $1.76!������"������� ����������������� $10,731.57

������������� Last Payment Amount $2,563.03 Last Payment Date 3/8/2019 Fiscal Tax Year Payments $0.00 Prior Calendar Year Payments $10,384.37

Ascend Web Inquiry Summary Page http://trweb.co.clark.nv.us/print_wep2.asp?Parcel=162-01-401-008&Dat...

1 of 2 7/22/2019, 9:52 AM

Page 13: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

- 100%0 SF198610,683 SFFreestandingG

eneral Retail

Rent/SF/M

o:%

Leased:Total Available:

Year Built:G

LA:Secondary:

Building Type:

StreetC

rossStreet

Cross

StrDist

Count

YearA

vg Daily

Volume

Volume

TypeM

iles fromSubject Prop

1S Eastern A

veExley A

ve0.07 N

201736,850

MPSI

.062

E Sahara Ave

S Eastern Ave

0.10 W2017

41,363M

PSI.06

3E Sahara A

veStockton A

ve0.02 W

201741,363

MPSI

.074

S Eastern Ave

E Sahara Ave

0.05 N2017

36,850M

PSI.10

5S Eastern A

veE Sahara A

ve0.06 N

201535,560

MPSI

.106

Atlantic St

E Sahara Ave

0.10 S2017

1,938M

PSI.22

7A

tlantic StE Sahara A

ve0.07 N

20171,938

MPSI

.238

E Saint Louis Ave

S Eastern Ave

0.06 W2015

7,163A

DT

.239

Exley Ave

Monterey A

ve0.02 E

2017918

MPSI

.2410

E Sahara Ave

Mariposa A

ve0.02 E

201741,325

MPSI

.26

Traffic Count R

eportE&

S Center II

2401-2413 S Eastern Ave, Las Vegas, N

V 89104

Copyrighted report licensed to Super R

ealty - 433179.12/31/2018

Page 1

Page 14: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

-100%0 SF

198610,683 SF

General Retail

Rent/SF/Mo:% Leased:

Total Available:

Year Built:GLA:

Building Type:FreestandingSecondary:

Radius 1 Mile 3 Mile 5 MilePopulation

2023 Projection 28,259 237,184 613,4192018 Estimate 25,966 218,122 563,6102010 Census 23,721 198,794 512,877Growth 2018 - 2023 8.83% 8.74% 8.84%Growth 2010 - 2018 9.46% 9.72% 9.89%

2018 Population by Hispanic Origin 15,466 113,334 297,6352018 Population 25,966 218,122 563,610

White 20,087 77.36% 162,314 74.41% 412,662 73.22%Black 2,430 9.36% 27,886 12.78% 79,346 14.08%Am. Indian & Alaskan 471 1.81% 3,833 1.76% 9,030 1.60%Asian 1,966 7.57% 14,615 6.70% 37,448 6.64%Hawaiian & Pacific Island 165 0.64% 1,635 0.75% 4,320 0.77%Other 846 3.26% 7,839 3.59% 20,805 3.69%U.S. Armed Forces 24 107 284

Households2023 Projection 9,822 88,612 213,6452018 Estimate 9,026 81,515 196,3212010 Census 8,189 74,440 177,981Growth 2018 - 2023 8.82% 8.71% 8.82%Growth 2010 - 2018 10.22% 9.50% 10.30%Owner Occupied 3,688 40.86% 28,869 35.42% 81,494 41.51%Renter Occupied 5,338 59.14% 52,645 64.58% 114,827 58.49%

2018 Households by HH Income 9,027 81,514 196,319Income: <$25,000 3,322 36.80% 30,690 37.65% 65,735 33.48%Income: $25,000 - $50,000 2,598 28.78% 23,865 29.28% 58,208 29.65%Income: $50,000 - $75,000 1,118 12.39% 11,650 14.29% 31,796 16.20%Income: $75,000 - $100,000 800 8.86% 6,272 7.69% 17,208 8.77%Income: $100,000 - $125,000 642 7.11% 3,998 4.90% 10,268 5.23%Income: $125,000 - $150,000 219 2.43% 1,760 2.16% 4,951 2.52%Income: $150,000 - $200,000 183 2.03% 1,681 2.06% 4,369 2.23%Income: $200,000+ 145 1.61% 1,598 1.96% 3,784 1.93%

2018 Avg Household Income $51,057 $49,345 $52,2182018 Med Household Income $34,654 $33,231 $36,990

Demographic Summary ReportE&S Center II

2401-2413 S Eastern Ave, Las Vegas, NV 89104

Copyrighted report licensed to Super Realty - 433179.12/31/2018

Page 1

Page 15: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

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Page 16: Key Center Brochure - LoopNet · East Sahara Avenue, Las Vegas, Nevada 89104 Located at the northeast corner of Sahara and Eastern APN: 162-01-401-008 Airport Directions: Exit McCarran

�������������� ���������������������� Las Vegas has indeed recreated itself again to usher in a new level of entertainment. The

news is now dominated by the Raider’s Stadium currently under construction, an unbelievable

Golden Knights first and second season and the new Summerlin Howard Hughes AAA baseball

stadium just opened for the new Las Vegas Aviators. “The Las Vegas Strip” is vibrant. The latest

monthly visitor count approached 3.57 million visitors. Demand for new residential and

commercial properties is on the rise.

Las Vegas, Spanish for "The Meadows", officially the City of Las Vegas, is the most

populous city in the state of Nevada, the county seat of Clark County, and the city proper of the

Las Vegas Valley. Las Vegas is an internationally renowned major resort city known primarily

for gambling, shopping, fine dining, and nightlife and is the leading financial, commercial, and

cultural center for Southern Nevada. “Las Vegas” is generally used to describe not just the city

itself, but areas beyond the city limits—especially the resort areas on and near the Las Vegas

Strip—and the Las Vegas Valley. The 4.2 mi (6.8 km) stretch of South Las Vegas Boulevard

known as the Las Vegas Strip is in the unincorporated communities of Paradise, Winchester, and

Enterprise. The city bills itself as The Entertainment Capital of the World, and is famous for its

mega casino–hotels and associated entertainment. Resorts World Las Vegas, on the former

Stardust property, a 59-story hotel resort is currently under construction and nearing its topping

out ceremony. Furthermore, MSG Spheres, the ambitious new concert music and entertainment

venue being built will be located just behind The Venetian hotel and casino. It will have a

staggering capacity of 23,000 (with 18,000 seats and an addition 5,000 standing spaces).

A growing retirement and family city, Las Vegas is the 29th-most populous

city in the United States, with a population of 603,488 at the 2013 United States Census

Estimates. The 2013 population of the Las Vegas metropolitan area was 2,027,828. The city is

one of the top three leading destinations in the United States for conventions, business, and

meetings. In addition, the city's metropolitan area has more AAA Five Diamond hotels than any

other city in the world, and is a global leader in the hospitality industry. Today, Las Vegas is one

of the top tourist destinations in the world. Established in 1905, Las Vegas was incorporated as a

city in 1911. The city's tolerance for numerous forms of adult entertainment earned it the title of

Sin City, and has made Las Vegas a popular setting for films, television programs, and music

videos.