17.2 ACRES...RE: Las Vegas Boulevard 17.2 acres 501 N Birch Road Suite 1, Fort Lauderdale, FL 33304 954-566-0060 [email protected] There is no bid date deadline. ASKING PRICE: $74,999,999

FOR SALE

17.2 ACRESON THE WORLD – FAMOUS LAS VEGAS STRIP

Tom McManus

Managing Director

+1 954 566 0060

[email protected]

ASKING PRICE: $ 7 4 , 9 9 9 , 9 9 9

PROPERTY IS LOCATED IN A QUALIFIED OPPORTUNITY ZONE

LILY FUNDS – A MCMANUS & SONS COMPANY | LILYFUNDS.COM

CONFIDENTIALITY AGREEMENT

2019 Lily Funds, LLC

This Confidential Offering Memorandum (the "Memorandum) is being delivered exclusively by Lily Funds (the "Agent) to a party who may be interested in the

acquisition of the 17.2 Acres (the Property"), described in this Memorandum. This is a private offering, made only by delivery of a copy of the Memorandum to the

recipient (the Recipient"). By accepting this Memorandum, the Recipient agrees to comply strictly with the terms and conditions of the Confidentiality Agreement

previously executed and delivered to the Agent by the Recipient with respect to this Memorandum and all information contained herein, and to use this Memorandum

only for the purpose of evaluating the offering made hereby.

The material contained in this Memorandum is provided solely to assist the Recipient in determining whether it is interested in making an investigation or evaluation

concerning a potential purchase of the Property. Neither the Agent nor any affiliates or client of the Agent which term includes related entities, the owners of any equity

interest in the Property Owner"), the manager of the Property("Manager"), and any officers, employees and agents of any such parties make any representations or

warranties with regard to the accuracy or completeness of the information contained herein. This Memorandum may include statements and estimates provided by the

Agent, the Owner, or the Manager with respect to the anticipated future performance of the Property. Nothing contained in this Memorandum should be construed as a

representation as to the future performance of the Property, and the Recipient acknowledges and agrees that any statements or estimates relating to future

performance reflect various assumptions concerning the Property's anticipated results, which may or may not prove to be correct.

No representations are made as to the accuracy of such statements and estimates, and none of the Agent, the Owner, the Manager, or any related entities shall have

any liability with respect to or arising from any inaccuracy in such statements or estimates. Statements made in this Memorandum as to the content of any contract or

other document referred to, are not complete or definitive descriptions, but summaries or portions thereof. Each such statement is qualified by its reference to the full

text of the contract or document, copies of which will be made available by the Agent to Recipient upon request. In addition, not all contracts or other documents which

may be relevant have been summarized or referenced in this Memorandum.

This Memorandum is being delivered by the Agent to a prospective purchaser with the understanding that it will independently investigate those matters which it

deems appropriate in evaluating the Property and will rely solely on its own investigation in determining whether to purchase the Property.

This Memorandum does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in the Property in any jurisdiction in which, or to any person for

which, such offer, sale, or solicitation would be unlawful. Except where otherwise indicated, the information contained in this Memorandum has been prepared as and

no obligation is assumed to supplement or modify the information to reflect subsequent events or conditions. Nothing contained in this Memorandum may be construed

to constitute legal or tax advice to a Recipient concerning the Property or purchase of the Property.

More detailed information regarding the expected terms, conditions, and timing of the offering of the Property will be provided in due course by separate

communication with each Recipient. The Agent, the Owner and the Manager reserve the right to engage in discussions or negotiations with one or more recipients or

other prospective investors at any time without notification to, or other obligation to, any other Recipient or prospective investor. The offering made hereby is subject to

a change in terms or termination without notice.

The Owner and the Manager will remain free to operate the Property in their sole and absolute discretion during the evaluation and offering process, including the

taking of such actions, whether within or outside of the ordinary course of business, which the Owner or the Manager shall deem necessary, prudent or desirable.

The Agent reserves the right to require the return of this Memorandum and any other material provided to the Recipient at any time. Acceptance of this Memorandum

by the Recipient constitutes acceptance of the terms and conditions outlined above.

2 LILY FUNDS – A MCMANUS & SONS COMPANY | LILYFUNDS.COM

EXECUTIVE SUMMARY

Lily Funds is pleased to present an opportunity to purchase ALL or PART of our

privately owned assemblage on the famed, Las Vegas Strip. The greatest density of

hotel rooms and guests are within blocks of the site. The subject parcel has

approximately 650 feet of Strip frontage. Additionally, the property is within walking

distance, approximately ½ mile, from the Las Vegas Raiders new $1.9B stadium, which

will open in 2020.

17.2 ACRES Located adjacent to 4 of the 5 largest hotels in North America.


APN ADDRESS ACREAGE

162-28-402-002 4613 S LAS VEGAS BLVD PARADISE 1.48

162-28-402-003 4615 S LAS VEGAS BLVD PARADISE 0.72

162-28-402-007 UNASSIGNED SITUS PARADISE 4.77



ZONING

H-1 - Limited Resort and Apartment District, Clark County. The H-1

Limited Resort and Apartment District is established to provide for the

development of gaming enterprises, compatible commercial, and mixed

commercial and residential uses, and to prohibit the development of

incompatible uses that are detrimental to gaming enterprises.

Unlike other major urban centers. Clark County does not have floor area

restrictions that establish a maximum number of buildable square feet.

This site lends itself to a very dense mixed-use project capitalizing on

the many uses permitted under the existing zoning.

THE SOUTH VIEW OF THE

PROPERTY WILL BE

UNOBSTRUCTED FOREVER

BECAUSE THE BUILDABLE

HEIGHT LOWERS GOING

SOUTH ON LAS VEGAS

BOULEVARD.

FAA APPROVED HEIGHT ALLOWANCE UP TO 370 FEET

The Federal Aviation Administration (FAA) has provided determination letters for the Site approving a height up to

370 Feet fronting Las Vegas Boulevard.

100 ft

200 ft

300 ft

400 ft

500 ft

600 ft

3.5ACRES


FOR SALE


INVESTMENT HIGHLIGHTS

RARE OPORTUNITY TO OWN A PRIME DEVELOPMENT SITE ON THE LAS VEGAS

STRIP, WHICH IS ONE OF THE MOST ICONIC STREETS IN THE WORLD. THE

PROPERTY IS LOCATED IN A QUALIFIED OPPORTUNITY ZONE.

Much of the Strip has been developed with word famous hotel-casinos, retail offerings and tourist attractions capitalizing on

the more than 42 million annual visitors to the city. There is a limited amount of land available for development on the Strip and

just like beach front property, they are not making any more of it. The property features approximately 650 feet of frontage on

Las Vegas Boulevard.

Las Vegas is currently experiencing a renaissance and has surpassed pre-recession metrics as it relates to visitor volumes

and overall revenues generated. This renaissance has spurred an extraordinary amount of investment activity ($14+ billion)

that is projected to help continue the upward trend in the number of visitors coming to the city and the amount of money those

visitors are spending.

5

FOR SALE


THE SITE BENEFITS FROM EXISTING STREETS BOUNDING ALL SIDES OF

THE PROPERTY PROVIDING EXCELLENT ACCESS.


LAS VEGAS – A TOP GROWTH MARKET

Las Vegas is poised for significant long-term growth. The region continues to benefit from billions of dollars of

public and private investment, large-scale infrastructure projects, corporate relocations and expansions and record-

breaking visitation levels. In addition to the recently completed expansion of the Las Vegas convention Center,

McCarran International Airport recently underwent a $2.4 billion expansion to increase the airport’s annual capacity

by 11 million passengers.

The recently delivered T-Mobile Arena is home to the NHL Vegas Golden Knights and host over 150 events

annually, including hockey games, basketball games, concerts, boxing, UFC matches, and major award shows.

The planned 65,000 seat stadium scheduled to be completed in 2020 will be the home to the NFL’s Raiders, the

UNLV Football team, and will also host a number of large-scale events throughout the year. With strong public

support for major commercial projects, aggressive business incentives to attract new industry and jobs, and one of

the fastest growing populations in the U.S.; Las Vegas should see continued success as a world-class destination.

LAS VEGAS CONTINUES TO BENEFIT FROM BILLIONS OF DOLLARS

OF PUBLIC AND PRIVATE INVESTMENT

LIST OF PROJECTS RECENTLY COMPLETED OR IN THE PIPELINE:

• Mandalay Bay Convention Center Expansion - $70 million (Opened

2016) • Wynn Paradise Park - $1.6 billion (Opening 2016)

• T-Mobile Arena - $375 million (Opened April 2016) • Genting’s Resorts World Development - $4 billion (Opening 2020)

• The Park MGM Resort - $100 million (Opened April 2018) • Las Vegas Sands / MSG Arena Development- $400 million (Opening

2020)

• The Park Theater - $100 million (Opened December 2016) • LVCVA Global Business District expansion - $2.3 billion (Phase 1

opening 2020.

• Aria Convention Center Expansion - $100 million (Opening Fall 2018) • NFL Football Stadium - $1.9 billion (Opening 2020)

• Wynn Plaza Retail Expansion - $100 million (Opening Fall 2018) • The Drew (Former Fontainebleau - $2.4 billion (Opening 2021)


LAS VEGAS ECONOMIC TRENDS

STATISTIC 2014 2015 2016 2017 2018

VISITOR VOLUME 41,126,512 42,312,216 42,936,109 42,208,100 42,116,800

GAMING REVENUE $9.5bn $9.6bn $9.7bn $10.8bn 10.25bn

ROOM OCCUPANCY 86.8% 87.7% 89.1% 88.6% 88.2%

AVERAGE DAILY ROOM

RATES$116.73 $120.67 $125.96 $129.05 $128.85

CONVENTION DELEGATES 5,169,054 5,761,366 6,310,616 7,259,100 6,501,800

TOTAL EN/DEPLANED

PASSENGERS42,878,346 45,389,074 47,435,640 48,500,194 49,716,584

ROOM INVENTORY 150,126 149,612 149,339 147,268 149,158

Las Vegas Area Overview

Clark County, the most populous of Nevada’s 17 counties, is home to more than 2.3 million residents,

about 75.8% of the state’s population. The estimated median household income is approximately

$57,189. The city of Las Vegas sits at the heart of Clark County and is internationally renowned as the

world capital of entertainment. Las Vegas gaming, dinning, shopping and business conventions are

major attractions for national and international visitors. Las Vegas has approximately 149,158 hotel

rooms.

Over 42.1 millionPeople visited Las Vegas in 2018.


FOR SALE


OFFER PROCESS

Lily Funds is responsible for the disposition of certain land & real property assets & improvements

(hereafter “Property of Properties”). The Properties will be sold “AS IS / WHERE IS”.

To qualify for review, ALL OFFERS must follow the provisions, requirements, terms & conditions as

outlined bellow. The offers should be addressed to the attention of:

Lily Funds LLC

Thomas McManus

RE: Las Vegas Boulevard 17.2 acres

501 N Birch Road Suite 1, Fort Lauderdale, FL 33304

954-566-0060

[email protected]

There is no bid date deadline.

ASKING PRICE: $74,999,999

TERMS• Earnest money deposit shall be equal to 2% of total purchase price

• At the end of the feasibility period, deposit shall be increased to 5% of purchase price & shall be non-refundable

• Buyer must provide source of equity & capacity to close escrow

• Buyer and Seller to split closing costs as is customary in the marketplace for the subject product type

• Principals Only

• Buyer shall pay and Buyer’s Broker’s fee


Documents

17.2 ACRES...RE: Las Vegas Boulevard 17.2 acres 501 N Birch Road Suite 1, Fort Lauderdale, FL 33304 954-566-0060 [email protected] There is no bid date deadline. ASKING PRICE: $74,999,999