RAPID CASH - Constant Contact

RAPID CASH

2332 Civic Center - NORTH LAS VEGAS, NV 89030

OFFERING MEMORANDUM

ACTUAL PROPERTY

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of ? 2016 Marcus & Millichap. Activity ID: Y0332015

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Financial Overview

2332 Civic Center - NORTH LAS VEGAS, NV 89030

OFFERING SUMMARY

PRICE

$1,125,819

CAP RATE

7.00%

NOI

$78,807

PRICE PER SQUARE FOOT $450.33

RENT PER SQUARE FOOT $31.52

YEAR BUILT

1964

APPROXIMATE LOT SIZE

0.38 Acres

GROSS LEASEABLE AREA 2,500

TYPE OF OWNERSHIP

Fee Simple

LEASE GUARANTOR

Advance Group, Incorporated

LEASE TYPE

Triple-Net (NNN)

ROOF AND STRUCTURE Tenant Responsible

ACTUAL PROPERTY

LEASE SUMMARY

LEASE COMMENCEMENT DATE

6/1/2011

LEASE EXPIRATION DATE 2/28/2023

LEASE TERM

5 Years

TERM REMAINING

5 Years

INCREASES

3% Annually

OPTIONS TO RENEW

2, 5-Year

ANNUALIZED OPERATING DATA

Base Rent

Annual Rent Monthly Rent

3/1/2017

2/28/2017

$78,807

$6,567

3/1/2018

2/28/2019

$81,171

$6,764

3%

3/1/2019

2/29/2020

$83,606

$6,967

3%

3/1/2020

2/28/2021

$86,115

$7,176

3%

3/1/2021

2/28/2022

$88,698

$7,391

3%

3/1/2022

2/28/2023

$91,359

$7,613

3%

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of ? 2016 Marcus & Millichap. Activity ID: Y0332015

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Investment Overview

2332 Civic Center - NORTH LAS VEGAS, NV 89030

Marcus & Millichap is pleased to present this 2,500-square foot Rapid Cash in North Las Vegas, the fourth largest city in Nevada. Rapid Cash signed a five-year lease in 2011, and then executed a 10-year extension early in 2013. There are currently more than five years remaining on a triple-net (NNN) lease with zero landlord responsibilities and 3 percent annual rent increases. This lease is guaranteed by Advance Group, Incorporated, a wholly owned subsidiary of Speedy Cash Holdings Corp.

This asset is located at the signalized, hard corner of Civic Center Drive and East Carey Avenue, which sees more than 28,000 vehicles per day (VPD). Rapid Cash benefits from its strategic location in an already dense and rapidly growing market. There are currently more than 491,000 residents within five miles, which represents a 9 percent increase in the population since 2010. The projected population growth from 2017 to 2022 is 8 percent. In response to such rapid growth, the city of North Las Vegas has more than $215 million in active permits. The Vegas Trade Village is a $30 million mixed-use center featuring a 120-room hotel and ground floor retail. The Craig Road Industrial Project is a $67 million project that will feature 125,000 square feet of warehouse space. The Charleston Apartments project is a $24 million development that will feature 45 residential units, 42-car garage, and ground floor retail.

Additional retailers in the immediate vicinity include: Walgreens, Sprint, CVS, Taco Bell, Starbucks, Wells Fargo, Taco Bell, Pizza Hut, U.S. Bank, Burger King, Bank of America, Pep Boys, DaVita, Dollar General, Checkers, Jack in the Box, and many more.

? Rapid Cash in North Las Vegas, Nevada | The Fourth Largest City in the State

? More Than Five Years Remaining on a Triple Net (NNN) Lease | Zero Landlord Responsibilities

? Inflation Hedge | 3 Percent Annual Rent Increases

? Corporate Guaranty | Advance Group, Incorporated | Wholly Owned Subsidiary of Speedy Cash Holding Corp

? Tenant Demonstrates Commitment | Executed 10-Year Extension Two Years into an Original Five-Year Lease | Two, Five-Year Extension Options Remain

? Signalized Hard Corner Location on the Intersection of Civic Center Drive and East Carey Avenue | More Than 28,000 Vehicles Per Day (VPD)

? More Than $215 Million in Active Permits in North Las Vegas | Major Projects: Centra Craig Corporate Center ($80 Million), Craig Road Industrial ($67 Million), Vegas Trade Village ($30 Million), and the Charleston Apartments ($24 Million)

? Nearby North Las Vegas Airport | Second-Busiest Airport in Las Vegas and Thirdbusiest in the State

? Asset Benefits from Dense Demographics | More Than 491,000 Residents within the Five-Mile Radius | 9 Percent Population Increase Since 2010

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of ? 2016 Marcus & Millichap. Activity ID: Y0332015

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Tenant Overview - Rapid Cash

2332 Civic Center - NORTH LAS VEGAS, NV 89030

Founded in 1997, Speedy Cash Holdings Corp, is a leading provider of alternative financial services focused on serving unbanked and underbanked consumers who require convenient and immediate access to cash and related services in the United States, the United Kingdom, and Canada. Speedy Cash serves its customers through 420 retail storefront locations. Speedy Cash has also developed an innovative online service that allows customers to quickly and conveniently access Speedy Cash's products and services in 25 states in the United States, in five Canadian provinces, and in the United Kingdom. Speedy Cash provides single-pay loans, installment loans and open-end loans (referred to as bankline loans), vehicle title loans, check cashing, gold buying, money transfer services, reloadable prepaid debit cards and a number of other ancillary financial products and services to its customers. Speedy Cash operates under two principal brands in the United States as either Speedy Cash or Rapid Cash, in the United Kingdom as Speedy Cash and Wage Day Advance, and in Canada as Cash Money and, beginning in 2016, as LendDirect.

ACTUAL PROPERTY TENANT PROFILE TENANT TRADE NAME Rapid Cash Subsidiary of a Speedy OWNERSHIP Cash Holdings Corp TENANT Advance Group, Incorporated LEASE GUARANTOR Advance Group, Incorporated NUMBER OF LOCATIONS 420 Locations HEADQUARTERED Wichita, Kansas

WEB SITE

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of ? 2016 Marcus & Millichap. Activity ID: Y0332015

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Aerial Overview

2332 Civic Center - NORTH LAS VEGAS, NV 89030

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of ? 2016 Marcus & Millichap. Activity ID: Y0332015

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