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The information contained herein was obtained from sources believed reliable. However, R.O.I. Commercial Real Estate, Inc. makes no guaranties, warranties, or representations as to the completeness or accuracy thereof. The presentation of this information submitted is subject to errors, omissions, and/or changes without notice.

CONTACT INFORMATION

OFFERING MEMORANDUMNEW 20 YEAR JACK IN THE BOX GROUND LEASENEC CACTUS AVENUE & CAMERON STREET | LAS VEGAS, NV 89141

NOT ACTUAL LOCATION

Brian Sorrentino, CCIM 702.550.4932 | [email protected]

Angelica M Lopez702.550.4937 | [email protected]

Jennifer F Ott, CCIM 702.550.4935 | [email protected]

Jack in the Box | Cactus Ave & Cameron St 2The information contained herein was obtained from sources believed reliable. However, R.O.I. Commercial Real Estate, Inc. makes no guaranties, warranties, or representations as to the completeness or accuracy thereof. The presentation of this information submitted is subject to errors, omissions, and/or changes without notice.

PROPERTY INFORMATION

Address NEC Cactus Ave & Cameron St, Las Vegas NV 89141

APN 177-30-413-003

Building Size ±2,668 SF

Land Area +/-0.94 AC

Zoning General Commercial (C-2)

Tenant SJS Management Corp., dba Jack in the Box

Description

• 100% NNN Ground Leased Retail Investment (no landlord responsibility)• Ideal retail location with close vicinity to other national tenants such as Smith’s, Ace Hardware, Bank of America, Wells Fargo, Del Taco, Taco Bell, and many more• Extremely strong retail corridor positioned at the entrance of highly affluent neighborhood of Southern Highlands• Cactus Ave is the major east-west arterial and just 1 mile west from I-15 Freeway


INVESTMENT OVERVIEW

ROI Commercial Real Estate, Inc. is pleased to offer a 2,668 sf Jack-in-the-Box ground lease sitting on 0.94 acres of land at Cactus Avenue & Cameron Street in the fabulous city of Las Vegas, Nevada (Population: 2.2 million). This Jack in the Box is a new 20-year personally guaranteed ground lease with absolutely no landlord maintenance or cost participation. The lease is expected to commence 4th Q of 2018 and includes 10% rent increases every five (5) years throughout the lease term.

The property is located adjacent to high volume regional neighborhood center anchored by Smith’s, with national co-tenants such as Starbucks, McDonald’s, Subway, Ace Hardware, and Walgreens. Additionally, directly next to the property are more well-known national tenants such as Del Taco, Dairy Queen, Bank of America, and Tire Works.

The site is adjacent to the 2,750-acre Southern Highlands master planned community that is just 12 minutes southwest of the Las Vegas strip. Southern Highlands has over 10,000 homes, 20 different communities, over 200,000SF of commercial property, an array of excellent restaurants, shops, a community center and country club, and a top rated 18-hole golf course. For the convenience of the residences, close by is a fully licensed pre-school, a private school, and two public schools.

Jack-in-the-Box benefits from a strong current and developing customer base with a population of 85,246 people and average household income of $87,751 within a 3-mile radius. Furthermore, the site is favored by its location within the Las Vegas Valley which has averagely increased by 50,000 people a year.

Price $2,452,475.00

CAP 4.5%

NOI (Rent) $110,361.35

Lot Size 0.94 AC (est.)

Year Built 2019

Term Remaining 20 years

Lease Type NNN Ground Lease

INVESTMENT SUMMARY


INVESTMENT HIGHLIGHTS

Personally Guaranteed - SJS Management Corp. FranchiseesOperate 16 Jack in the Box locations in the Southern Nevada market.

Long-Term Absolute NNN Ground LeaseNew 20 year absolute NNN ground lease with four 5-year options to renew.

No Landlord responsibilities.

Attractive Rent Increases10% rent increases every 5 years throughout the initial term and in each of the

option periods.

New ConstructionThis building is currently under construction with expected delivery and rent

commencement in fourth quarter of 2018.

Strategic LocationThe property is located adjacent to high volume regional neighborhood center

anchored by Smith’s, with national co-tenants such as Starbucks, McDonald’s, Subway, Ace Hardware, and Walgreens. Directly next to the property are more well known national tenants such as Del Taco, Dairy Queen, Bank of America, and Tire Works.

New DevelopmentIn the Southern Highlands area alone, numerous developments are under

construction and almost 5,000 homes are planned to be built within the next couple of years.

Strong Demographics3-mile radius population of 85,246 with an average household income of

$87,751.

MarketThe Las Vegas Valley has consistently grown by 50,000 people per year and

Nevada is projected to have a population greater than 3 mil people by next year.


MAP OF LAS VEGAS

ACCESSIBLE & CONNECTED

McCARRAN INTERNATIONAL AIRPORT (LAS)SERVES OVER 47.4 MILLION PASSENGERS PER YEAR

I-15 FREEWAY140,000 CARS PER DAY

THE LAS VEGAS STRIP10 MINUTES DRIVE NORTH ON I-15

* U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021

* NDOT Traffic counts 2017

14,332

$109,575

85,246

$87,751

232,137

$83,403AVERAGEHH INCOME

POPULATION

1mi

3mi

5mi

TRAFFICCOUNTS

Decatur Blvd 23,000 VPD

Cactus Ave 26,000 VPD


SITE AERIAL


PROPERTY SITE PLAN


SOUTHERN HIGHLANDS ZONING


LEASE ABSTRACT

TaxesTenant shall be liable for any and all ad valorem taxes, assessments and related charges imposed, or levied upon the Lease Premises and applicable to the Term

(collectively “Taxes”).

InsuranceAt Tenant’s sole cost and expense, Tenant shall obtain policies providing the following insurance coverage: (i) Commercial general liability insurance, on an

occurrence form, including contractual liability, personal and bodily injury, and property damage insurance, on the Leased Premises, with a combined single limit of no less than $2,000,000 per occurrence and an aggregate limit of $5,000,000; and (ii) Property insurance insuring the Leased Premises for perils covered by the causes of loss - special form (all risk), including flood, as applicable. Such insurance shall be written on a replacement cost basis with an agreed value equal to the full insurable replacement value of the foregoing. Tenant shall have the option to self-insure as to any insurance obligation(s) required under this Lease.

Repairs and MaintenanceTenant shall at its own cost and expense, keep and maintain all parts of the Leased Premises in good condition and repair, promptly making all necessary repairs

and replacements to all structural components of the Leased Premises (including, without limitation, the foundation, parking areas and driveways that are part of the Lease Premises, landscaping, any and all structural components of the improvements, load-bearing walls, exterior walls, and the roof); to the HVAC; if present at the Leased Premises, to yards, areas, fences, and sidewalks; to boilers and machinery; to all connections with the street, telephone, water, electric, gas mains and sewers and other utilities; and to such other fixtures used in connection with the operation of the Premises, including all replacements made by Tenant.

Gross Leasable Area ±2,668 SF

Lot Size 0.94 AC

Lease Commencement 2018

Lease Expiration 2038

Lease Term Remaining 20 years

Lease Type NNN Ground Lease

Initial Term Rent $110,361.35

Rent Increases 10% increases every five (5) years

Renewal Options Four 5-year options

Renewal Options Increase 10% increases in each option


Jack in the Box6400 W Charleston Blvd Las Vegas, NV 89146

Jack in the Box1610 N Lamb Blvd Las Vegas, NV 89115

Jack in the Box3211 N Rancho Dr Las Vegas, NV 89130

JACK IN THE BOX SALE COMPARABLES

Sale Date 10/17/2017

Sale Price $2,625,000

CAP Rate 4.38%

Building SF 1,800 SF

Year Built 1974

Sale Date 8/8/2018

Asking Price $2,300,000

CAP Rate 5.00%


Year Built 1999

Sale Date 9/8/2017


CAP Rate 4.81%


Year Built 1998


Del Taco8125 Blue Diamond Rd Las Vegas, NV 89178

Popeye’s7065 N Durango Dr Las Vegas, NV 89149

Starbucks125 N Stephanie St Henderson, NV 89074

Sale Date 1/31/2018


CAP Rate 4.80%


Year Built 2017

Sale Date 4/25/2018


CAP Rate 4.00%


Year Built 2014

OTHER COMPARABLES

Sale Date 10/5/2017


CAP Rate 4.50%


Year Built 2016


JACK IN THE BOX SALE COMPARABLES

1 6400 W Charleston Blvd Las Vegas, NV 89146

2 1610 N Lamb Blvd Las Vegas, NV 89115

3 3211 N Rancho Dr Las Vegas, NV 89130

4 8125 Blue Diamond Rd Las Vegas, NV 89178

5 7065 N Durango Dr Las Vegas, NV 89149

6 125 N Stephanie St Henderson, NV 89074

“We don’t make it ‘til you order it.”


CORPORATE TENANT OVERVIEW

OPEN

$

Open 18-24 hours a day

0.5 billion estimated guests served annually

1.55 billion dollars in estimated revenue

16,000 employees

2,200+ restaurants in 21 states & Guam


$21MILLION estimated annual revenue

500Local employees

3.5MILLION annual estimated guests served

SJS MANAGEMENT CORP FRANCHISEES

SJS Management Corp is a Jack in the box franchise based in Las Vegas, Nevada. SJS Management Corp has exclusive operation and development of 16 Jack in the Box locations in the sourthern Nevada market.


LAS VEGAS VALLEY OVERVIEW

Las Vegas is a unique suburban community that emphasizes in tourism, entertainment, casinos and gambling, business, warehousing, and innovation. It is the only major city in the American West to have been founded in the 20th century. It has grown significantly each year and has been one of the most desirable cities to move to. Las Vegas is an attractive market for many reasons, with no state income tax, growing tech companies such as Zappos and Switch, the origin of innovative companies like Solarcity and BrightSource, home of the UFC, and two new professional sports teams--the Golden Knights and the Raiders.

The population of the Las Vegas Valley currently sits at 2.1 million and has steadily increased by 50,000 people each year. Las Vegas holds majority of the population for Nevada at 75% and the state is projected to reach 3 million by 2018. This city has grown immensely in a short amount of time and does not plan on stopping any time soon.


SOUTHERN HIGHLANDS OVERVIEW

Southern Highlands encompasses 2,750 acres and is just 12 minutes southwest of the Las Vegas strip. Southern Highlands is bordered by Interstate 15 on the East, Cactus on the North, Jones on the West, and St. Rose Parkway on the South--thus having great access in and outside of the community. Master planned by Garry Goett, founder of Olympia Companies, and opened in the year of 2000, Southern Highlands has over 10,000 homes, 20 different communities, over 200,000-square-feet of commercial property, an array of excellent restaurants, shops, a community center and country club, and a top rated 18-hole golf course.

For the convenience of the residences, close by is a fully licensed pre-school, a private school, and two public schools. This community has both a current and developing customer base with a population of 85,246 people and average household income of $87,751 within a 3-mile radius from the site. In the greater Southern Highlands area alone, over 1,000 new homes are being built in the next upcoming years.


DISCLAIMER

R.O.I. Commercial Real Estate, Inc. has been retained as exclusive advisor to the Seller for the sale of Jack in the Box (the “Property”), approximately 2,668 square feet on approximately 0.94 acres of land at Cactus Ave & Cameron St, Las Vegas, NV 89141.

This Offering Memorandum has been prepared by R.O.I. Commercial Real Estate, Inc. for use by a limited number of parties and does not purport to provide a necessarily complete summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by R.O.I. Commercial Real Estate, Inc., the Owner, and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and R.O.I. Commercial Real Estate, Inc., therefore, are subject to variation. No representation is made by R.O.I. Commercial Real Estate, Inc. or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information.

Further, R.O.I. Commercial Real Estate, Inc., Owner, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, and omitted from, this Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. This Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the package. Analysis and verification of the information contained in this package is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors.

Owner and R.O.I. Commercial Real Estate, Inc. each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase of the Property has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditions to Owner’s obligations thereunder have been satisfied or waived. R.O.I. Commercial Real Estate, Inc. is not authorized to make any representations or agreements on behalf of Owner.

This Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein are called the “Contents”), are of a confidential nature. By accepting the package, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the package or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or R.O.I. Commercial Real Estate, Inc., (iv) not use the package or any of the contents in any fashion or manner detrimental to the interest of Owner or R.O.I. Commercial Real Estate, Inc., and (v) to return it to R.O.I. Commercial Real Estate, Inc. immediately upon request of R.O.I. Commercial Real Estate, Inc. or Owner. The information contained herein has been obtained from the owner of the property or from other sources we deem reliable. We have no reason to doubt its accuracy, but do not guarantee it.

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