Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2457 Nucleus plaza is a 109,343 square foot, single story, mixed use retail center located on the corner of Owens and H street in the Historic West Side of Las Vegas. This submarket is undergoing substantial redevelopment and/or remodeling of existing properties. A large portion of this submarket is undergoing redevelopment under the City of Las Vegas’ Hundred Plan. In addition, the Southern Nevada Housing Authority is about to commence redevelopment of the Marble Manor low income housing complex, a 35 acre project that is to be completely redeveloped. The Southern Nevada Housing Authority also owns two contiguous parcels with low income housing totaling almost 25 acres that shares the rear property line of Nucleus Plaza. It is the current owners understanding that this entire property is also slated for future redevelopment as is occurring with Marble Manor. This submarket will continue to experience redevelopment for many years to come significantly improving the area. This area’s proximity to downtown Las Vegas makes it highly desirable for this kind of redevelopment. Nucleus Plaza consists of 16 in place tenants with 68% of the income stream being generated by tenants that have been at the center for over 5 years. The largest tenant, the Nevada State Welfare office, has occupied its’ space over 10 years. This offering will trade at below half of replacement cost and will provide an exceptional Cap rate and cash on cash return for a property in a location which will only improve as the area redevelopment continues. The income stream is free of competition from online retailing and will provide many years of stable cash flow. For the conservative investor looking to acquire a stabilized income producing asset at well below replacement cost, which is located in a submarket which will benefit from many years of future redevelopment, Nucleus Plaza is an exceptional opportunity. The potential upside that can be realized in this area due to all the redevelopment resources that are being committed makes this a rare opportunity.