las vegas south premium outlets - simon property group...planet hollywood resort 474,000 sf...
TRANSCRIPT
LAS VEGAS SOUTH
PREMIUM OUTLETS®
More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.
From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.
We deliver:
SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®
QUALITY Iconic, irreplaceable properties in great locations
INVESTMENTActive portfolio management increases productivity and returns
GROWTH Core business and strategic acquisitions drive performance
EXPERIENCE Decades of expertise in development, ownership, and management
That’s the advantage of leasing with Simon.
THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER
More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.
From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.
We deliver:
SCALELargest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®
QUALITY Iconic, irreplaceable properties in great locations
INVESTMENTActive portfolio management increases productivity and returns
GROWTH Core business and strategic acquisitions drive performance
EXPERIENCE Decades of expertise in development, ownership, and management
That’s the advantage of leasing with Simon.
THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER
PROPERTY OVERVIEW
MAJOR METROPOLITAN AREA
Las Vegas
RETAIL
GLA (sq. ft.) 536,000; 140 stores
OPENING DATES
Opened 1993Expanded 1996, 2011
RADIUS POPULATION
15 mile population: 1,726,209 30 mile population: 1,998,367 45 mile population: 2,006,029
AVERAGE HH INCOME
30 mile average: $75,524
SELECT TENANTS
adidas, Aéropostale Outlet, Ann Taylor Factory Store, BCBGMAXAZRIA, BOSE Factory Store, Brooks Brothers Factory Store, Calvin Klein Company Store, Coach Factory Store, The Converse Outlet Store, DKNY Company Store, Fossil Outlet, GUESS Factory Store, HUGO BOSS Factory Store, Hurley, Kenneth Cole Company Store, Michael Kors Outlet, NikeFactoryStore, Polo Ralph Lauren Factory Store, Puma, Reebok Factory Direct Store, Timberland Outlet, Tommy Hilfiger Company Store, True Religion, Under Armour Factory House
TOURISM / TRAFFIC
Las Vegas is one of the world’s premier travel destinations. Close to 40 million tourists visit the market each year. Approximately 87% of these travelers are from North America, the remaining 13% are from international destinations primarily Japan, Germany and the United Kingdom, followed by Latin America. Over 6.3 million visitors are convention attendees. McCarran International Airport is the fifth busiest airport in the U.S. and the 11th busiest in the world. Less than half of the area visitors arrive by air with the balance arriving by car, bus or RV, primarily via I-15. There are currently over 150,000 hotel rooms in the Las Vegas market. The ADT on I-15 is 218,000.
LOCATION / DIRECTIONS
At the intersection of Las Vegas Blvd. South and Warm Springs Rd., Las Vegas, NV. — From the Airport (3.5 miles):
1–Exit airport using the “Airport Connector” to I-215. Take I-215W to Las Vegas Blvd. South 2–Take the Las Vegas Blvd. Exit (Exit 9) 3–Turn left onto South Las Vegas Blvd. 4–Las Vegas South Premium Outlets is at the intersection of Las Vegas Blvd. and Warm Springs Rd.
— From the Strip: Follow Las Vegas Blvd. (the Strip) South to Warm Springs Rd. (3.9 miles/5 minutes)
Desert Inn Rd.
Tropicana Ave.
Sunset Ave.
Sahara Ave.
Charleston Blvd.
Par
adis
e R
d.
Eas
tern
Ave
.
DowntownLas VegasDowntownLas Vegas
Blue Diamond
Warm Springs Rd.
McCarranAirport
95
15
15
93
515
Las
Veg
as B
lvd.
(The
Str
ip)
215
LAS VEGAS SOUTH PREMIUM OUTLETS
LAS VEGAS, NV
LAS VEGAS SOUTH PREMIUM OUTLETS® LAS VEGAS, NV
Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014).
E. WARM SPRIN
GS RD.
S. LAS VEGAS BLVD.
E. ROBINDALE RD.
HAVEN ST.
McCarranInternational
Airport
I-215
NORTH
SITE AND PLAN
S. LAS VEGAS BLVD.
E. W
ARM
SPR
ING
S RD
.E. RO
BIND
ALE RD
.
Blue Diamond
Enterprise
Paradise
Nellis AFB
Spring Valley
Whitney
Summerlin South
North Las Vegas
Winchester
Las Vegas
Henderson
Sunrise Manor
6
5
7
8
11
12
2
3
13
14
15
4
10
9
15 MILES
4
11
2
7
3
9
15
5 138
6 1014 12
1
SURROUNDING AREA CENTERS
1 Las Vegas South Premium Outlets® 2 Boulevard Mall3 The District at Green Valley Ranch4 Downtown Summerlin5 The Fashion Show Mall6 The Forum Shops at Caesars® 7 Galleria At Sunset8 Grand Canal Shoppes9 Las Vegas North Premium Outlets® 10 The Linq11 Meadows Mall12 Miracle Mile Shops13 The Shoppes at the Palazzo14 The Shops at Crystals15 Town Square Las Vegas
Simon CentersCompetition
SURROUNDING AREA CENTERS
OTHER RETAIL
SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME
Via Bellagio Shops Bellagio 50,000 sf Boutiques 4 miles / 5 minutes
Miracle Mile Shops Planet Hollywood Resort 474,000 sf Boutiques 4 miles / 5 minutes
The Forum Shops at Caesars® Caesars Palace 675,000 sf Boutiques 4 miles / 6 minutes
Grand Canal Shoppes Venetian 500,000 sf Boutiques 5 miles / 6 minutes
The Fashion Show Mall The Strip 1,700,000 sf Dillard’s, Macy’s, Neiman Marcus,
Nordstrom, Saks Fifth Avenue 5 miles / 7 minutes
Crystals at City Center Las Vegas, NV 500,000 sf Boutiques 5 miles / 8 minutes
Boulevard Mall Maryland Pkwy. 1,250,000 sf JCPenney, Macy’s, Sears 7 miles / 10 minutes
Galleria at Sunset US 95/Sunset 973,000 sf Dillard’s, JCPenney, Kohl’s, Macy’s 8 miles / 13 minutes
Meadows Mall US 95/Valley View 950,000 sf Dillard’s, JCPenney, Macy’s, Sears 12 miles / 16 minutes
OUTLET SHOPPING GROSS LEASABLE AREA DISTANCE / DRIVE-TIME
Las Vegas North Premium Outlets® Phase 3 Now OpenLas Vegas, NV
528,000 sf140,000 sf 9 miles / 13 minutes
Fashion Outlets of Las VegasPrimm, NV 360,000 sf 35 miles / 40 minutes
60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com
Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).