SunCommercial Real Estate, Inc.
± 0.76 Acres C-2 Zoned LandE. Lake Mead Boulevard
Las Vegas, Nevada 89115
Subject Property
E LAKE MEAD BLVD
N WALNUT R
D
N
Future
John Chambers Senior Apartments
2 of 12±0.76 Acres @ Lake Mead Boulevard OM
Michael T. BrazillSenior Associate702-968-7306
Edward BassfordSenior Associate702-968-7311
ContaCt team
Exclusively listed by: Sun Commercial Real Estate, Inc.:6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada 89148
702 | 968 | 7300 Ph702 | 968 | 7301 Fax
www.SunCommercialRE.com
3 of 12±0.76 Acres @ Lake Mead Boulevard OM
Confidentiality & disClosure
SUN COMMERCIAL REAL ESTATE, INC. (the “Broker”) has been retained on an exclusive basis to market the property described herein (the “Property”). Broker has been authorized by the Seller of the Property (the “Seller”) to prepare and distribute the enclosed information (the “Material”) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.
The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro forma is delivered only as an accommodation and neither the Seller, Broker , nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.
Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.
Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.
Cathy Jones, CPA, SIOR, [email protected]
4 of 12±0.76 Acres @ Lake Mead Boulevard OM
Market Overview Section 2
Area Demographics
Property Summary Section 1
Property SummaryProperty PhotosAssessor Parcel MapLas Vegas Valley Location MapSurrounding Aerial Map
table of Contents
E LAKE MEAD BLVD
N W
ALNU
T RD
5 of 12±0.76 Acres @ Lake Mead Boulevard OM
PROPERTY HIGHLIGHTS
• 100 feet of frontage on Lake Mead Blvd.• Zoned C-2 (Commercial - Clark County)• 31,000 Avg. Daily Traffic Count• 145 feet West of planned O’Reilly Auto Parts• 68% Hispanic Population in 3 Mile radius• Avg. Household Income of $44,513 in 3 Mile Radius• 215,123 Population in 3 mile Radius
PROPERTY DESCRIPTION
The Property is ±0.76 acres of vacant land with frontage along E. Lake Mead Boulevard. It is zoned C-2 (Commercial - Clark County) allowing for a variety of commercial uses.
ProPerty summary
THE OFFERING
Sun Commercial Real Estate is pleased to offer the opportunity to purchase a C-2 zoned 0.76 Acre Vacant Land Parcel. The property fronts Lake Mead Boulevard and is located approximately 300 feet West of the Northwest corner of Lake Mead Boulevard and Walnut Road in the North Central Las Vegas submarket.
PROPERTY LOCATION
The property is located to the west of northwest corner of E. Lake Mead Boulevard and N. Walnut Road in the Northeast Las Vegas Submarket roughly 2.7 miles east of I-15 and 1.5 miles east of the City of North Las Vegas Civic Center, North Vista Hospital and intense surrounding office and retail development. Lake Mead Boulevard is a major east-west commuter route with an average daily traffic count on E. Lake Mead Boulevard of 31,000 counted 0.1 mile west of Lamb Boulevard and 32,500 counted 400’ west of Pecos Road Across E. Lake Mead Boulevard is the Rainbow Market gas/convenience store and to the west is the John Chamber senior living apartments. It was just revealed that an O’Reilly’s Auto Parts will be developed on the northwest corner of the intersection of E. Lake Mead and N. Walnut to the east of the property.
Asking Price:
APN:
Site Size:
$299,000
140-19-204-017
±0.76 Acres
(C-2) General Commercial Zoning:
SUMMARY
6 of 12±0.76 Acres @ Lake Mead Boulevard OM
ProPerty Photo
7 of 12±0.76 Acres @ Lake Mead Boulevard OM
assessor ParCel maP
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NO
TES
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 LE
GE
ND
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 12/22/2016
T20S R62E 19 S 2 NW 4 140-19-2
31
30
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121110987
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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 NUMBERBLOCK NUMBERLOT NUMBERGOV. LOT NUMBER
10010011.00
202PB 24-45
55
GL5
HISTORIC SUB BOUNDARYHISTORIC PM/LD BOUNDARY
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8 4
Rev:
TAX DIST
0 200 400 600 800100 SECTION LINE
CONDOMINIUM UNITAIR SPACE PCLRIGHT OF WAY PCLSUB-SURFACE PCL
140139
161162
124 123
141
160
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Michele W. Shafe - Assessor
5>
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REGATTA ESTATES
210
PM 15-64
PM 17-16
PM 51-20
PM 11-88
PM 93-02LO
ST MAPLE ST
E
B C F
76
7778
79808182
838485868788
899095
96
25
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066060067059068058069057070056071055072054073053074052075051
039037040036041035042034043033044032045031046030047029048028049027050026
013014012015011016010017009018008019007020006021005022004023003024002
025001
002001 003 004 006005 007
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010107 038 063 064
105
011
104012
103
102
101106
050
015
013
95-001
97-004
97-00397-002
NO
TES
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.
MAP
LEG
END
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
ASSESSOR'S PARCELS - CLARK CO., NV.
Scale: 1" = 200' 12/22/2016
T20S R62E 19 S 2 NW 4 140-19-2
31
30
19
1
1314
121110987
6 5 4 3 2
3635343332
29 28 27 26
24
25
23222120
18 17 16 15
BOO
K
SEC.
MAP
2
3
4
5
6
7
8
1
2
3
4
51
8
7
5
6
4 8
340
PARCEL BOUNDARYSUB BOUNDARY
ROAD EASEMENTPM/LD BOUNDARY
HISTORIC LOT LINEMATCH / LEADER LINE
ROAD PARCEL NUMBERPARCEL NUMERACREAGE
PARCEL SUB/SEQ NUMBER
PLAT RECORDING NUMBERBLOCK 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 PCLSUB-SURFACE PCL
140139
161162
124 123
141
160
122
138
163
125
Michele W. Shafe - Assessor
LAKE MEAD BLVD
WAL
NU
T RD
8 of 12±0.76 Acres @ Lake Mead Boulevard OM
las Vegas Valley area maP
9 of 12±0.76 Acres @ Lake Mead Boulevard OM
surrounding aerial maP
E LAKE MEAD BLVD
N WALNUT RD
SUBJECT PROPERTY
John Chambers Senior Apartments
Future
10 of 12±0.76 Acres @ Lake Mead Boulevard OM
Demographic and Income Profile3901 E Lake Mead Blvd, Las Vegas, Nevada, 89115 Prepared by EsriRing: 1 mile radius Latitude: 36.19589
Longitude: -115.08884
Summary Census 2010 2016 2021Population 31,894 34,632 37,321Households 8,359 8,854 9,451Families 6,722 7,090 7,555Average Household Size 3.81 3.91 3.95Owner Occupied Housing Units 3,927 3,690 3,869Renter Occupied Housing Units 4,432 5,164 5,582Median Age 26.0 26.5 27.0
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 1.51% 1.43% 0.84%Households 1.31% 1.30% 0.79%Families 1.28% 1.28% 0.72%Owner HHs 0.95% 1.29% 0.73%Median Household Income -0.12% 2.14% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 1,519 17.2% 1,729 18.3%$15,000 - $24,999 1,260 14.2% 1,333 14.1%$25,000 - $34,999 1,466 16.6% 1,569 16.6%$35,000 - $49,999 1,813 20.5% 1,283 13.6%$50,000 - $74,999 1,583 17.9% 2,165 22.9%$75,000 - $99,999 734 8.3% 835 8.8%$100,000 - $149,999 401 4.5% 433 4.6%$150,000 - $199,999 51 0.6% 74 0.8%$200,000+ 27 0.3% 31 0.3%
Median Household Income $36,021 $35,812Average Household Income $43,878 $46,330Per Capita Income $11,412 $11,916
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 3,651 11.4% 3,827 11.0% 4,092 11.0%5 - 9 3,364 10.5% 3,515 10.1% 3,750 10.0%10 - 14 3,024 9.5% 3,178 9.2% 3,387 9.1%15 - 19 2,901 9.1% 2,919 8.4% 3,016 8.1%20 - 24 2,482 7.8% 3,011 8.7% 3,105 8.3%25 - 34 5,020 15.7% 5,504 15.9% 6,036 16.2%35 - 44 4,544 14.2% 4,642 13.4% 5,023 13.5%45 - 54 3,384 10.6% 3,622 10.5% 3,795 10.2%55 - 64 1,996 6.3% 2,425 7.0% 2,716 7.3%65 - 74 1,022 3.2% 1,381 4.0% 1,655 4.4%75 - 84 424 1.3% 507 1.5% 620 1.7%
85+ 84 0.3% 103 0.3% 125 0.3%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 13,527 42.4% 13,911 40.2% 14,212 38.1%Black Alone 2,926 9.2% 3,349 9.7% 3,655 9.8%American Indian Alone 250 0.8% 264 0.8% 271 0.7%Asian Alone 682 2.1% 755 2.2% 842 2.3%Pacific Islander Alone 101 0.3% 103 0.3% 107 0.3%Some Other Race Alone 12,851 40.3% 14,508 41.9% 16,338 43.8%Two or More Races 1,557 4.9% 1,743 5.0% 1,896 5.1%
Hispanic Origin (Any Race) 23,494 73.7% 26,220 75.7% 28,885 77.4%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
January 19, 2017
©2016 Esri Page 1 of 6
Demographic and Income Profile3901 E Lake Mead Blvd, Las Vegas, Nevada, 89115 Prepared by EsriRing: 1 mile radius Latitude: 36.19589
Longitude: -115.08884
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Annual
Rat
e (i
n p
erce
nt)
21.81.61.41.2
10.80.60.40.2
0
Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
16
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K17.2%
$15K - $24K14.2%
$25K - $34K16.6%
$35K - $49K20.5%
$50K - $74K17.9%
$75K - $99K8.3%
$100K - $149K4.5%
$150K - $199K0.6%
$200K+0.3%
2016 Population by Race2016 Population by Race
Perc
ent
40
35
30
25
20
15
10
5
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 75.7%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
January 19, 2017
©2016 Esri Page 2 of 6
area demograPhiCs (1 mile radius)
11 of 12±0.76 Acres @ Lake Mead Boulevard OM
area demograPhiCs (3 mile radius)Demographic and Income Profile3901 E Lake Mead Blvd, Las Vegas, Nevada, 89115 Prepared by EsriRing: 3 mile radius Latitude: 36.19589
Longitude: -115.08884
Summary Census 2010 2016 2021Population 205,837 215,123 226,543Households 57,837 59,401 62,103Families 42,602 43,557 45,445Average Household Size 3.49 3.56 3.59Owner Occupied Housing Units 25,284 23,497 24,138Renter Occupied Housing Units 32,553 35,904 37,966Median Age 28.3 28.9 29.4
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 1.04% 1.43% 0.84%Households 0.89% 1.30% 0.79%Families 0.85% 1.28% 0.72%Owner HHs 0.54% 1.29% 0.73%Median Household Income -0.37% 2.14% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 10,845 18.3% 11,686 18.8%$15,000 - $24,999 9,406 15.8% 9,610 15.5%$25,000 - $34,999 9,162 15.4% 10,030 16.2%$35,000 - $49,999 10,840 18.3% 7,375 11.9%$50,000 - $74,999 10,383 17.5% 13,302 21.4%$75,000 - $99,999 4,836 8.1% 5,417 8.7%$100,000 - $149,999 3,022 5.1% 3,482 5.6%$150,000 - $199,999 574 1.0% 829 1.3%$200,000+ 323 0.5% 363 0.6%
Median Household Income $35,264 $34,625Average Household Income $44,513 $47,527Per Capita Income $13,150 $13,862
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 20,838 10.1% 21,005 9.8% 22,054 9.7%5 - 9 19,808 9.6% 19,353 9.0% 19,958 8.8%10 - 14 18,150 8.8% 18,482 8.6% 18,762 8.3%15 - 19 17,846 8.7% 17,312 8.0% 17,800 7.9%20 - 24 15,701 7.6% 17,968 8.4% 18,143 8.0%25 - 34 31,225 15.2% 33,480 15.6% 35,807 15.8%35 - 44 29,192 14.2% 28,417 13.2% 29,987 13.2%45 - 54 23,848 11.6% 24,414 11.3% 24,586 10.9%55 - 64 15,738 7.6% 18,103 8.4% 19,748 8.7%65 - 74 8,659 4.2% 11,011 5.1% 12,852 5.7%75 - 84 3,819 1.9% 4,426 2.1% 5,526 2.4%
85+ 1,014 0.5% 1,154 0.5% 1,322 0.6%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 91,108 44.3% 90,044 41.9% 89,706 39.6%Black Alone 24,311 11.8% 26,470 12.3% 28,172 12.4%American Indian Alone 1,963 1.0% 1,995 0.9% 2,019 0.9%Asian Alone 5,718 2.8% 6,217 2.9% 6,877 3.0%Pacific Islander Alone 947 0.5% 977 0.5% 1,023 0.5%Some Other Race Alone 72,117 35.0% 78,995 36.7% 87,593 38.7%Two or More Races 9,673 4.7% 10,425 4.8% 11,152 4.9%
Hispanic Origin (Any Race) 135,451 65.8% 146,310 68.0% 158,445 69.9%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
January 19, 2017
©2016 Esri Page 3 of 6
Demographic and Income Profile3901 E Lake Mead Blvd, Las Vegas, Nevada, 89115 Prepared by EsriRing: 3 mile radius Latitude: 36.19589
Longitude: -115.08884
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Annual
Rat
e (i
n p
erce
nt)
2
1.5
1
0.5
0
Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K18.3%
$15K - $24K15.8%
$25K - $34K15.4%
$35K - $49K18.3%
$50K - $74K17.5%
$75K - $99K8.1%
$100K - $149K5.1%
$150K - $199K1.0%
$200K+0.5%
2016 Population by Race2016 Population by Race
Perc
ent
40
35
30
25
20
15
10
5
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 68.0%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
January 19, 2017
©2016 Esri Page 4 of 6
12 of 12±0.76 Acres @ Lake Mead Boulevard OM
Demographic and Income Profile3901 E Lake Mead Blvd, Las Vegas, Nevada, 89115 Prepared by EsriRing: 5 mile radius Latitude: 36.19589
Longitude: -115.08884
Summary Census 2010 2016 2021Population 434,166 460,643 489,388Households 134,997 140,962 148,952Families 93,340 97,029 102,296Average Household Size 3.14 3.19 3.21Owner Occupied Housing Units 64,970 62,230 65,000Renter Occupied Housing Units 70,027 78,732 83,952Median Age 31.0 31.7 32.1
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 1.22% 1.43% 0.84%Households 1.11% 1.30% 0.79%Families 1.06% 1.28% 0.72%Owner HHs 0.87% 1.29% 0.73%Median Household Income 0.47% 2.14% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 23,949 17.0% 25,614 17.2%$15,000 - $24,999 20,729 14.7% 21,074 14.1%$25,000 - $34,999 20,053 14.2% 22,971 15.4%$35,000 - $49,999 23,313 16.5% 15,881 10.7%$50,000 - $74,999 25,603 18.2% 30,309 20.3%$75,000 - $99,999 13,691 9.7% 15,769 10.6%$100,000 - $149,999 9,652 6.8% 12,096 8.1%$150,000 - $199,999 2,495 1.8% 3,515 2.4%$200,000+ 1,466 1.0% 1,713 1.2%
Median Household Income $37,785 $38,678Average Household Income $49,924 $54,007Per Capita Income $16,018 $17,141
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 38,440 8.9% 39,278 8.5% 41,859 8.6%5 - 9 36,500 8.4% 36,633 8.0% 38,367 7.8%10 - 14 34,674 8.0% 35,087 7.6% 36,467 7.5%15 - 19 35,371 8.1% 33,889 7.4% 34,698 7.1%20 - 24 32,788 7.6% 37,161 8.1% 36,674 7.5%25 - 34 64,325 14.8% 70,848 15.4% 78,201 16.0%35 - 44 61,370 14.1% 60,896 13.2% 65,396 13.4%45 - 54 55,027 12.7% 55,864 12.1% 55,078 11.3%55 - 64 39,406 9.1% 45,286 9.8% 48,458 9.9%65 - 74 22,643 5.2% 29,499 6.4% 34,516 7.1%75 - 84 10,716 2.5% 12,654 2.7% 15,580 3.2%
85+ 2,904 0.7% 3,547 0.8% 4,096 0.8%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 199,569 46.0% 198,471 43.1% 198,073 40.5%Black Alone 66,971 15.4% 74,688 16.2% 81,005 16.6%American Indian Alone 3,932 0.9% 4,092 0.9% 4,212 0.9%Asian Alone 20,828 4.8% 23,525 5.1% 26,745 5.5%Pacific Islander Alone 2,621 0.6% 2,814 0.6% 3,042 0.6%Some Other Race Alone 118,814 27.4% 133,050 28.9% 149,973 30.6%Two or More Races 21,430 4.9% 24,003 5.2% 26,337 5.4%
Hispanic Origin (Any Race) 227,827 52.5% 251,939 54.7% 277,503 56.7%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
January 19, 2017
©2016 Esri Page 5 of 6
Demographic and Income Profile3901 E Lake Mead Blvd, Las Vegas, Nevada, 89115 Prepared by EsriRing: 5 mile radius Latitude: 36.19589
Longitude: -115.08884
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Annual
Rat
e (i
n p
erce
nt)
21.81.61.41.2
10.80.60.40.2
0Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
16
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K17.0%
$15K - $24K14.7%
$25K - $34K14.2%
$35K - $49K16.5%
$50K - $74K18.2%
$75K - $99K9.7%
$100K - $149K6.8%
$150K - $199K1.8%
$200K+1.0%
2016 Population by Race2016 Population by Race
Perc
ent
40
35
30
25
20
15
10
5
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 54.7%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
January 19, 2017
©2016 Esri Page 6 of 6
area demograPhiCs (5 mile radius)
