dunkinhertz_om_2

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FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375 C O M P A N I E S

FOR INFORMATION PLEASE CONTACT: 702-755-1790 OR 702-378-1375

OFFERING MEMORANDUMDUNKIN DONUTS & HERTZ RENT-A-CAR I MULTI-TENANT NNN LEASE (FEE SIMPLE)

5905 W. SAHARA AVE., LAS VEGAS, NV 89146

table of contentsexecutive summary 1

financial overview 6

property overview 7

tenant overview 11

location overview 12

market & area overview 13

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PROPERTY OVERVIEW:This newly constructed 100% Leased property includes a brand new premier architectural building on long term Leases to Dunkin Donuts (drive thru) and Hertz Rent-A-Car. High quality, 2015 built two-Tenant building with NNN Leases provide for minimal management obligation. Dunkin Donuts is a brand new NNN Lease (Opened in February of 2015) consisting of a 10 year initial term with two 5 year options to renew and 12.5% rental increases every 5 years. Guarantor is First Cup Partners Las Vegas, LLC owners of 8 Las Vegas Dunkin Donut stores. Hertz Rent-A-Car is also a brand new NNN Lease (Term commencing September 2015) consisting of a 5 year initial term with one 5 year option to renew at a 12% rental increase starting at their renewal option. Tenant is the Hertz Corporation. This building is brand new, constructed in 2015 totaling 3,900 square feet between the two Tenants on 0.61 acres and is an outparcel of the Burlington Coat Factory shopping center. With a modern prototype design, this property offers pride of ownership and is a unique multi-tenant asset.

TENANT INFO:> Hertz Rent-A-Car; The Hertz Corporation

> Hertz Rent-A-Car is one of the top operators in the rental car industry

> Dunkin Donuts; Multiple location operator; Great Reputation in town

> Dunkin Donuts Ranking #1 in Customer Loyalty in the Coffee Category Since 2007

STABLE INCOME - EASE OF MANAGEMENT:> Brand New NNN Leases with Options

> Attractive Rental Increases

> Minimal Management Responsibilities-Ease of Management-New Prototype Construction

> New 2 Tenant Free Standing Building Built in 2015

EXCELLENT RETAIL LOCATION- STRONG DEMOGRAPHICS:> Outparcel of a Burlington Coat Factory Anchored Shopping Center

> Irreplaceable Street Visibility on Busy West Sahara Ave.

> Surrounded by National Credit Tenants-Wells Fargo Bank, Chase Bank, Discount Tire, Dollar Loan Center, Ross Dress For Less, FedEx Office, Office Max

> Excellent Traffic Counts-Over 50,000+ Cars per Day

> Adjacent to all the Major Car Dealerships

> 2015 Estimated Population/ 3 Mile- 184,823

PERFECT 1031 EXCHANGE PROPERTY:> No Existing Financing in Place-Brand New Construction 2015-Pride of Ownership

> Brand New NNN Leases in Place with Options-Rental Increases-Effective Inflation Hedge

> Strong Las Vegas Retail Location-Minutes from the World Famous Las Vegas Strip

> Rare Opportunity to Own a Smaller 2 Tenant Asset in Las Vegas Nevada

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investment highlights

LEASE SUMMARY

Tenant Trade Names Dunkin’ Donuts & Hertz RAC

Occupancy 100%

Number of Tenants 2

Building Size 3,900 SF

Land Size Approximately 26,571 SF (.61 Acres)

Parcel Numbers 163-12-101-011

Lease Term Dunkin Donuts 10 Years

Current Base Rent $139,260 Per Year

Construction Year 2015

Lease Type Two-Tenant NNN Investment

Traffic Counts 50,000 CPD

Market Central Las Vegas

Lease Term Hertz Rent A Car 5 Years

Options to Renew Two 5 Year Options

Options to Renew Two 5 Year Options

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lease summary

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photos

TENANTTRADE NAME SUITE SQUARE

FOOTAGE RENT START LEASEEXPIRATION ANNUAL RENT INCREASES OPTIONS

Dunkin Donuts A 1,900 2/16/2015 2/28/2025 $35.40 $67,26012.5% Increases Every 5 Years

2 5 Year Options12.5% Increases Every Option

RENT/SQ. FT.

Hertz Rent A Car B 2,000 TBD 8/31/2020 $37.89 $72,000N/A 1 5 Year Option

12% Increase

Total Square Footage:

Total Available:

3,900

0 0.0% Vacancy

$139,260

$139,260

Annually

Annually

Total Occupied: 3,900 100.0% Occupancy $35.70 Blended Rent/Sq. Ft.

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financial analysis

Address

5905 W. Sahara Ave., Las Vegas, NV 89146

Market/Submarket

Central Las Vegas

Price

$2,321,000

Current NOI

$139,260

Cap Rate

6%

Parcel

APN#: 163-12-101-011

Building Area

3,900 SF

Land Area

26,571 SF (0.61 Acres)

Visibility And Frontage

Excellent visibility along W. Sahara Ave.

Year Built/Renovated

Built in 2015 (New Construction)

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property information

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property aerial

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site plan

Dunkin donuts was founded in 1950 and is America’s favorite all-day, everyday stop for coffee and baked goods. They are a market leader in the regular/decaf coffee, iced coffee, hot flavored coffee, donut, bagel and muffin categories. Dunkin Donuts has earned the number one ranking for customer loyalty in the coffee category by Brand Keys for six years running. The company has more than 10,000 restaurants in 32 countries worldwide. Dunkin Donuts restaurants had global franchisee-reported sales of approximately $6.4 Billion.

Dunkin Donuts franchisee First Cup, LLC has a total of 51 stores in four markets. Currently they have 12 stores in Las Vegas, 34 stores in Arizona, 4 stores in Colorado and have just entered the California market with 1 store. Lubertus Hayenga serves as President and Chief Executive Officer of First Cup, LLC dba/Dunkin donuts in the Arizona, Nevada, Colorado and California Markets.

The Hertz Corporation approached Dapper Companies in the second quarter of 2013 looking to improve the position of one of their best performing locations. With their current lease coming up on its expiration, they saw an opportunity to increase their market share in the West Sahara auto dealer corridor. Dapper Companies found the perfect location for Hertz within the Burlington Coat Factory shopping center, a little over a mile west of their former location. Having occupied their existing space for over 12 years, they are a veteran in this market and predict to grow their transactions per month by up to 40%. They believe the competitive advantage created by moving to this better location will increase their market share. This location will improve their position with a more strategic location and an unobstructed exposure to W. Sahara Ave., housed in one of the best looking buildings in the area. Hertz Rent-A-Car typically only makes moves like these when positive results are certain. Their most recent opening located on E. Craig, another strategic move, was able to leverage a market share increase by 30 points within 90 days of opening.

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tenant overview

This property is located on W. Sahara Ave just East of Jones Blvd. As a multi-tenant Pad, an out parcel of the Burlington Coat Factory shopping center, this location enjoys high visibility along the main retail corridor servicing central Las Vegas. Dunkin Donuts and Hertz Rent-A-Car are perfectly positioned fronting W. Sahara Ave. which is one of the most traveled streets in Las Vegas. This property is sur-rounded by dense residential communities which are the homes of many residents and families. The property is strategically located and surrounded by major retailers and car dealerships. Anchored by Burlington Coat Factory and surrounded by Del Taco and Chevron, this center is just minutes from the Strip and Downtown Las Vegas. This community has quickly become a vibrant commercial destina-tion with a strong retail demand generator. This high traffic location at the corner of Sahara Ave. and Jones Blvd. boasts over 50,000+ cars per day and enjoys irreplaceable street visibility on W. Sahara Ave. This property sits strategically in the center of Las Vegas and enjoys a high level of retail traffic. Nearby residential communities have strong demographics with a population of over 184,000 within a 3 mile radius.

POPULATION 1-MILE 3-MILE 5-MILE

Estimated Population (2015) 14,480 184,823 473,605

Projected Population (2020) 15,447 198,794 509,993

Historical Annual Growth 2010-2015 896 1.3% 9,467 1.1% 38,769 1.8%

Projected Annual Growth 2015-2020 967 1.3% 13,971 1.5% 36,389 1.5%

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

Estimated Households (2015) 5,461 73,027 195,658

Projected Households (2020) 5,687 76,917 206,398

Historical Annual Change 2000-2015 601 0.8% 7,029 0.7% 25,246 1.0%

Projected Annual Growth 2013-2018 226 0.8% 3,890 1.1% 10,740 1.1%

INCOME 1-MILE 3-MILE 5-MILE

Avg. Household Income 2015 $56,391 $55,726 $61,594

Median Household Income 2015 $46,637 $44,578 $45,159

DAYTIME DEMOS 1-MILE 3-MILE 5-MILE

Total # of Businesses 2015 1,776 13,218 31,925

Total # of Employees 2015 13,841 132,324 481,853

Employee Pop per Business 7.8 to 1 10 to 1 15.1 to 1

Residential Pop per Business 8.2 to 1 14.0 to 1 14.8 to 1

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location overview

Las Vegas is the most populous city in the U.S. state of Ne-vada and the county seat of Clark County. Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, and fine dining and is the leading financial and cultural center for Southern Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its consolidated casino–hotels and associated en-tertainment. A growing retirement and family city, Las Vegas is the 31st-most populous city in the United States, with a pop-ulation at the 2014 census of 583,756. The 2014 population of the Las Vegas metropolitan area was 2,027,868. Today, Las Vegas is one of the top tourist destinations in the world.

Established in 1905, Las Vegas was incorporated as a city in 1911. Las Vegas often refers to the city plus some areas be-yond the city limits, especially the resort areas on and near the Las Vegas Strip, and sometimes the entire Las Vegas Val-ley. The 4.2 mi (6.8 km) stretch of South Las Vegas Boulevard known as the Strip is mainly in the unincorporated communi-ties of Paradise, Winchester, and Enterprise. Las Vegas is situ-ated within Clark County in an arid basin on the desert floor, surrounded by dry mountains. The Spring Mountains lie to the west. Within the city there are many lawns, trees, and other greenery. The city enjoys abundant sunshine year-round: it has an average of about 300 sunny days per year.

The primary drivers of the Las Vegas economy are tourism, gaming, and conventions, which in turn feed the retail and restaurant industries. In 2004 Las Vegas Mayor Oscar Good-man announced plans for Symphony Park, which would in-clude residential and office high-rises. In 2004 the city part-nered with Cheetah Wireless Technologies and MeshNetwork to pilot a wide-area mobile broadband system. The pilot sys-tem is installed downtown, around the fremont Street expe-rience. on October 23, 2006, plans were unveiled to build a World Jewelry Center in Symphony Park. Similar to the World Market Center, the WJC will be a one stop shop for jewelry trade shows from around the world.

In 2011, more than 368 million people visited Las Vegas.

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