Charleston Festival 5 Retail Properties Offered at $17,500,000 in Las Vegas, NV

* Complementary Tenancy – Anchored by Walmart Neighborhood Market (NAP) and Southern Nevada Workforce (a federally funded job placement program), Charleston Festival features a curated tenant mix of service tenants and primarily food and beverage tenants, including Denny’s, Moko Ramen, Capriotti’s, and Tropical Smoothie Café, all of which complement the enrollment at the neighboring College of Southern Nevada

* Long Term Leases – 5 of the 13 tenants (32% of the leased GLA) are on long-term leases with at least 5-years of term remaining, demonstrating tenants’ long-term commitment to the site

* Denny’s, Capriotti’s, and Tropical Smoothie Café have all operated at the center for approximately 20 years. Denny's has just finalized a new renewal for 10 years adding significant long term viability to the offering

* Walmart, (NAP) recently underwent a full interior renovation, demonstrating their commitment and viability to the property and trade area

* Improving Returns – Due to increases in existing leases and the lease up of the vacant space, the Net Operating Income is expected to increase more than $648,000 (59%) over the projected hold period resulting in an attractive CAGR of 4.8% providing an inflation hedge in a tangible asset

* High Foot Traffic – Proximate to the College of Southern Nevada (38,900 students), Bonanza High School (+3,000 students), and US Social Security Administration increasing foot traffic to the property throughout the day, many of which are visiting Southern Nevada Workforce offices for job training

* Major Thoroughfare – Charleston Blvd (±37,538 cars per day) is one of the major east/west thoroughfares in the trade area, connecting the Las Vegas Strip with the affluent west Las Vegas community of Summerlin