montelago village at lake las vegas

MONTELAGO VILLAGE AT LAKE LAS VEGAS
RETAIL SPACES IN A MASTERPLANNED RESORT SETTING
75 STRADA DI VILLAGIO, HENDERSON, NV 89011
Confidentiality Agreement
EXCLUSIVELY PRESENTED BY:
ROB HATRAK
o: 702.787.0123 x410
c: 702.271.3520
f: 702.463.0123
[email protected]
702.787.0123
1333 N Buffalo Dr, Suite 120 Las Vegas, NV 89128 | www.virtusco.com
The information contained herein has been obtained from sources we believe to be reliable, however we do not take responsibility for it’s correctness.
Montelago Village at Lake Las Vegas
Investment Offering Overview
Lake Las Vegas
as it stands today is the product of more than $2 Billion invested since the mid1990’s. Reflected in the water of the 3,592 acre man-made lake is a beautiful destination resort setting that is
home to a residential and recreational community that is truly one of a kind. At the heart of the Lake Las Vegas
masterplan is the breathtaking Montelago Village retail project, the subject of this investment offering, which hosts
many regularly scheduled special events that routinely attract thousands of participants and spectators alike. Lakeside
dining experiences, boutique shopping, quiet hotel getaways, and recreational activities await those who are ready
for a truly unique experience.
MONTELAGO VILLAGE AT LAKE LAS VEGAS
hosts 56,069± sf of lifestyle retail shopping center
space, which caters to tourists, locals, and convention attendees. Opened in 2003, the Montelago Village at Lake Las Vegas is
reminiscent of an old-world Italian lakeside village with quaint cobblestone streets, piazzas, waterfront restaurants, lakeside boat
docks, and specialty boutiques coupled with luxury condominiums on the upper floors of a portion of the retail spaces.
Lake Las Vegas offers a spectacular backdrop for special events while Montelago Village hosts a variety of concert series on
Southern Nevada’s only floating stage. Montelago Village’s Jazz on the Lake, “Movies on the Lawn,” art, beer & wine, major sporting
events, food festivals as well as holiday celebrations ensure enthusiastic village foot traffic throughout the year. Notable tenants
include Sonrisa Grill Mexican Restaurant, The Auld Dubliner, Essence and Herbs Steakhouse, Perk and Post, Rocky Mountain
Chocolate Factory, and many more.
This 3,592 acre masterplanned resort development is just 17 miles from the world renowned Las Vegas Strip and boasts world-class
hotels and spas, picturesque golf courses, and spectacular residential communities. Lake Las Vegas offers guests and residents
alike an unmatched experience centered around a beautiful lake. Las Vegas is famous throughout the world as the desert oasis for
gambling and world-class entertainment, and Lake Las Vegas is just a quick 25-minute drive from the Strip.
Virtus Commercial is pleased to act as the exclusive listing advisor for the sale of the Montelago Village at Lake Las Vegas retail
opportunity located at 75 Strada di Villagio in Henderson, NV.
The information contained herein has been obtained from sources we believe to be reliable, however we do not take responsibility for it’s correctness.
Montelago Village at Lake Las Vegas
Confidentiality Agreement
Dear Potential Buyer,
You (“Receiving Party”) have requested certain tenant information, financial
information and property information from Signal Butte Investors LLC (“Disclosing
Party”), in connection with the consideration by Receiving Party of the potential
acquisition of the Montelago Village at Lake Las Vegas located in Henderson, NV (the
“Potential Transaction”).
Receiving Party has requested certain information from Disclosing Party in
connection with the Potential Transaction. All of such information furnished by
Disclosing Party, whether furnished before or after the date hereof, whether oral or
written, and regardless of the manner in which it is furnished, is referred to in this
Letter Agreement as “Proprietary Information,” which shall also include, without
limitation, data, reports, lease data, tenant information, personnel, contacts,
interpretations, modes, forecasts and records furnished or provided to Receiving Party
by Disclosing Party concerning the Potential Transaction. As used in this Agreement,
the term Proprietary Information shall not include any and all information available in
the public domain. As used in this Letter Agreement, the term “Representatives” means,
with respect to any person, such person’s affiliates, associates, controlling persons,
subsidiaries, partners and prospective directors, officers, attorneys, advisors, lenders
and prospective lenders, agents and consultants and their respective successors and
assigns.
Subject to the immediately succeeding paragraph, unless otherwise agreed to in writing
by Disclosing Party, Receiving Party agrees:
(a) Except as required by law, to keep all Proprietary Information
confidential and not to disclose or reveal any Proprietary Information to any person
other than Receiving Party’s Representatives who are actively and directly participating
in the Potential Transaction;
All other documents, memoranda, notes, summaries, analyses, extracts, compilations, studies or
other material whatsoever prepared by it or any of its Representatives based on the Proprietary
Information will be destroyed.
This Letter Agreement (“Letter”) binds the parties only with respect to the matters expressly set
forth herein and shall continue in full force and effect for a period of twenty-four (24) months from
the date of this Letter.
This Letter shall be governed by, and construed in accordance with, the laws of the State of
Nevada applicable to contracts executed in, and to be performed in that state, and is for the
benefit of Disclosing Party and its Representatives and their respective successors and assigns.
Please confirm your agreement within the foregoing by signing and returning to the undersigned
a copy of this Letter.
Our signature below indicates our agreement to be bound by the terms of this Letter.
Buyer:
By:
Print Name:
(b) Not to use Proprietary Information for any purpose other than in
connection with its evaluation of the Potential Transaction;
Company:
(c) Not to contact or communicate with the lender on the project, without
prior permission from Disclosing Party.
Phone:
Upon the written request of Disclosing Party, Receiving Party will promptly return to
Disclosing Party all copies of Proprietary Information not theretofore destroyed, which
is in its possession or in the possession of any of its Representatives and will not retain
any copies or other reproductions, in whole or in part, of such material.
Email:
Date:
The information contained herein has been obtained from sources we believe to be reliable, however we do not take responsibility for it’s correctness.
Montelago Village at Lake Las Vegas
Fast Facts
Casino Montelago
Viera Condo
Hotel
Parking
Garage
Montelago Village
Retail Shop Spaces
Hilton Hotel
320 Acre
Man Made Lake
Bridge &
Hotel Rooms
Subject Property:
Montelago Village at Lake Las Vegas
Property Type:
Resort Retail Shopping Center
Property Address:
75 Strada di Villagio, Henderson, NV 89011
Total Gross Leasable Space:
56,059 sf
Parcel Numbers:
160-22-815-016 (5.38 acres)
160-22-815-007 (0.12 acres)
Masterplan Size:
3,592 acres
Land Size:
Approximately 5.50 acres
Lake Size:
Man-Made: 320 Acres, 10 miles of shoreline, 1 mile wide, 2 miles in length, 150 feet deep.
Zoning:
C-T (Commercial Tourist
Distance to Las Vegas Blvd:
Approximately 17 miles
Ingress/Egress:
Access to the property is provided via a common parking garage and through the Hilton Hotel.
There is an access drive and walkway at the Montelago Casino and from the Viera Condo-Hotel
front entrance. There is also an access drive and pedestrian access from the parking lot on the
east side of the Viera Condo-Hotel. Waterfront access is also available from the mooring docks.
Parking:
Approximately 30 parking spaces on street level with an additional 1,900 garage spaces
available for shared use.
Notable Tenant & Neighbors:
Hilton Hotel, Casino Montelago, The Westin Lake Las, Aston Montelago, Sonrisa Grill, Essence
& Herbs, The Auld Dubliner, Sunset & Vines, Luna Rossa.
Hotel Occupancy:
For the weekend of 10/17/15: Hilton 97%, Westin 100%
The information contained herein has been obtained from sources we believe to be reliable, however we do not take responsibility for it’s correctness.
Montelago Village at Lake Las Vegas
Construction
Year Built:
2003
Number of Structures:
12 (10 Stand-alone retail buildings and 2 retail condominium buildings).
Replacement Cost:
Approximately $1,000 per square foot
Construction:
Continuously poured monolithic slab poured on reinforced concrete footings.
Construction components include a concrete block structure with stone and
stucco finishes. Retail storefronts are plate glass set in anodized aluminum or
wood frames.
HVAC:
All retail areas feature central HVAC systems with forced air furnaces.
Roof System:
Spanish tile-covered pitch roof
Total Gross Leasable Space:
56,059 sf
Signage:
Consistently themed above storefronts, with property monument signage in
pedestrian areas.
Fire, Life, & Safety:
100% sprinklered structures via an overhead wet system that is wired to the local
fire department. Henderson Fire Department substation is on-property for quick
response. Roving security patrols are utilized on a contract basis as needed.
Utilities & Service:
All utilities are readily available to the site in adequate quality and quantity to
service the highest and best use of the property.
The information contained herein has been obtained from sources we believe to be reliable, however we do not take responsibility for it’s correctness.
Montelago Village at Lake Las Vegas
Property Photos
Montelago Village at Lake Las Vegas
Pedestrian Bridge & Hotel Rooms
Evening Paddleboarding
World Class Golfing Opportunities
Special Events
Waterfront Shopping Opportunities
Annual Beer Festival
The information contained herein has been obtained from sources we believe to be reliable, however we do not take responsibility for it’s correctness.
Montelago Village at Lake Las Vegas
Regularly Scheduled Major Events
Live performances & concerts
Ironman Race
Wine Walk
Xterra Event
Tough Mudder
Rose Regatta Dragon Boat Festival
The information contained herein has been obtained from sources we believe to be reliable, however we do not take responsibility for it’s correctness.