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Ross Dress For Less 2420 E Desert Inn Rd 30,715 SF Retail Building Las Vegas, NV 89121 $7,000,000 ($227.90/SF) 5.94% Cap Rate

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INVESTMENT HIGHLIGHTS

Ross Credit Profile – S&P 500, Fortune 500 operator with $5 B quarterly revenue
Grocery-Anchored Center – La Bonita draws 1.2 M visits per year (source Placer AI) ? strong cross-traffic with dd's Discounts and Five Below

Long-Term Tenancy – 40-year history on site with multiple renewal options.

EXECUTIVE SUMMARY

S&P 500 Tenant – Ross Dress for Less | 5.94% Cap | Ross has occupied for almost 40 Years | NNN Lease / Hard Corner endcap of Desert Inn & Eastern Ave with approximately 65,000 vehicles per day (source NDOT)
2% percentage rent over a natural breakpoint. Tenant reports sales.
Dense population with 506,682 people in a 5 mile radius
Rent escalators of 10% every five years, with the next increase in approximately 3 years January 31, 2029
Grocery anchored center with La Bonita Hispanic Market. dd’s Discounts and Five Below also anchor the center.
High visibility.
The building is 1.6 miles from the Las Vegas Convention Center and 2.7 miles from the Las Vegas Strip.
Low rent to sales ratio of 4.3%.

NDA-CA Ross Dress For Less 2430 E. Desert Inn Road, Las Vegas Nevada

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

30,715 SF

Building Class

Year Built/Renovated

1967/2005

Price

$7,000,000

Price Per SF

$227.90

Cap Rate

5.94%

NOI

$415,574

Tenancy

Single

Building Height

1 Story

Loading Docks

1 Exterior

Building FAR

0.28

Lot Size

2.53 AC

Zoning

CG Commercial General

Parking

394 Spaces (12.83 Spaces per 1,000 SF Leased)

Frontage

135’ on Desert Inn Rd

Bus Line
Dedicated Turn Lane

Pylon Sign

Signage

Signalized Intersection

MAJOR TENANTS

Retailer
30,715 SF
-
Triple Net
Jan 2015

Since 1982, Ross' focus has been on bringing their customers a constant stream of high-quality department and specialty store brands at extraordinary savings (aka bargains) while providing an easy, fun and organized shopping experience. So what’s Ross' secret? Ross is big—as the nation’s largest off-price retail chain, Ross has a great deal of purchasing power. Ross is savvy—their buyers search the globe for the best brands and latest styles. Ross works directly with manufacturers to negotiate the best deals! Ross believes in “no frills”—no window displays, mannequins, fancy fixtures or decorations in their stores so they can pass more savings on to their customers. Ross loves new buys—they keep it simple so they can get the great buys into their stores quickly, which means almost every day!