Highlights

• $138 PSF / Below Replacement Cost / Below Market Rent Creates Excellent Upside Potential for New Owner
• Ross Stores, Inc. - $6.49 Billion in Revenue / S&P Investment Grade Credit Rated BBB
• Strong Rental Increases throughout Option Periods

• Located at the Very Busy Intersection of Desert Inn Road and Eastern Avenue - 77,000 cars per day
• Easy Access to and from the 264,000 cars-per-day Interstate-15 and the 134,000 cars-per-day Highway-95
• Dense Demographics - Nearly Half a Million People within the Trade Area

Description

This Ross Store is situated in the established Las Vegas marketplace with an extremely dense population of over 477,018 people within a 5-mile radius and an average annual household income above $54,319. The subject building is at the intersection of Eastern Avenue and Desert Inn Road, both are heavily traveled thoroughfares with a combined traffic count of over 77,000 cars per day at the intersection. Just minutes drive away along Desert Inn Road is the world famous Las Vegas Strip, and the 264,000 cars-per-day Interstate-15. This investment opportunity offers a new owner a secure investment opportunity along with upside opportunity due to the property' s low per foot asking price at $138, its excellent high profile retail location, and its proven strong sales track record. Next rental increase to occur February 2010, bringing CAP RATE to 8.25%

Las Vegas, Nevada is attractive to many investors because of its high growth potential. National Geographic Adventure Magazine votes Las Vegas as the best place to live and play and is among the top 10 on Forbes list of the 10 best cities in the U.S. for commercial investment (2007). In addition, the State of Nevada imposes no personal income, business, estate, or gift taxes. Companies such as Amazon.com recently opened distribution centers in Las Vegas, creating more jobs for the immediate trade area while taking advantage of the tax free business environment. Although growth has slowed in the overall Las Vegas market, it is important to note that this Ross location has continued to produce very strong sales figures.