LA-Z-BOY OFFERING MEMORANDUM - Las Vegas, Nevada
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OFFERING MEMORANDUM LA-Z-BOY FURNITURE GALLERIES La s Ve ga s, N evada Highly Visible Single Tenant Exclusive Summerlin Sub-Market
CONFIDENTIALITY NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
TABLE OF CONTENTS
EXECUTIVE SUMMARY PROPERTY OVERVIEW
Offering Summary............. Property Details.............
Investment Highlights....... Market Aerial.................
Description/Pricing Details Site Plan.........................
FINANCIAL ANALYSIS MARKET COMPARABLES
Tenant Summary ........... Summary.......................
Pricing Details................. On Market Comps.........
........................................ ......................................
MARKET OVERVIEW
Diversifying Economy...........
Local Demographics.............
Las Vegas Growth.................LA-Z-BOY
FURNITURE EXECUTIVE SUMMARY
GALLERIES
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 4LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 5
OFFERING
LA-Z-BOY FURNITURE GALLERIES
10012 West Flamingo Road
Las Vegas, NV 89147
CAP RATE
$4,820,000 6.50%
OFFERING SUMMARY
Offering Price $4,820,000
CAP Rate 6.50%
Gross Leasable Feet 20,732 Sq Ft
Lot Size 2.00 AC
Year Built 2004
No. Of Buildings 1
No. Of Units 1
Occupancy 100.00%
Parcel # 163-18-411-008
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 6SITE
Marcus & Millichap is pleased to present La-Z-Boy Furniture Galleries in Summerlin South, a premium quality single tenant building on a 2.00 Acre site
out-parceled from Albertson’s Grocery Store. One of seven buildings in the Flamingo Promenade Shopping Center the 20,732 square foot building
is well landscaped. The building exterior is architecturally appealing and designed with stone work, arches, and pedestrian corridors. Shoppers are
welcomed with an expansive west facing entry highlighted with steel accents and decorative exterior lighting. Well lit signage is located on the side
of the building on three of the exterior faces for high visibility. The current tenant, La-Z-Boy Furniture Galleries offers consumer products, as well as
customized service is under lease into 10/10/2025.
West Flamingo Road is a high traffic thruway to Summerlin communities with 30,000 VPD, and is surrounded by many affluent communities in the
west submarket of Las Vegas. This property is adjacent to a well-established retail center, Grand Canyon Shopping Center, featuring Target and Kohl’s
Department stores which attract local retail customers.
Investment Highlights Pricing Details
PRICE $4,820,000
Out-parcel of Albertson’s Grocery Store
Down Payment $4,820,000
Located in Affluent Demographic area of Summerlin.
Down Payment % 100%
Conveniently located near the I-215 off ramps.
Number of Suites 1
Excellent Retail Corridor, close proximity to Target & Kohl’s.
Price Per Sq Ft $232.49 / Sq Ft
High Visibility with great street frontage.
Gross Leasable Area (GLA) 20,732 Sq Ft
Traffic Counts On West Flamingo Road, 30,000 VPD
Lot Size 2.00 AC
Landlord Responsibilities Year Built 2004
Occupancy 100.00%
HVAC Replacement RETURNS CURRENT
Structure CAP Rate 6.50%
Parking Replacement Cash-on-Cash 6.50%
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 7TENANT
Financial Overview
For fiscal 2018, sales increased 4.2% to $1.58 billion. In spite of
unprecedented industry-wide raw material increases, La-Z-Boy was able
La-Z-Boy Furnishing has been committed to provide innovative, stylish and
to generate $116 million in cash from operating activities and return a
high-quality products and services to their customers since starting furniture
combined total of $79 million to shareholders through share purchases
sales in 1927. The priority is to invest in the company to deliver on that
and an increased dividend. With a strong brand, solid balance sheet
promise, build on strengths, and develop strategic advantages in a dynamic
and world-class supply chain, La-Z-Boy executes a dual-growth strategy
marketplace, which position the company for long-term financial success.
focused on strengthening and growing core portfolio of brands through
Most La-Z-Boy consumers still prefer to do their shopping at retail outlets existing channels, while leveraging supply chains to develop a greater
where they can feel and experience furnishings first hand. Part of La-Z-Boy’s presence in online channels with core brands and beyond to attract new
exclusive service is helping customers on a personal basis with customized and younger shoppers.
design. La-Z-Boy’s core demographic currently skews a little older and
slightly more affluent than the average consumer purchasing furniture
FIVE YEAR PERFORMANCE ($ in Millions)
online, and many e-commerce platforms have not yet mastered the mass
customization offerings, design services that La-Z-Boy provides.
La-Z-Boy enhances the consumer experience at every turn by serving them $310 $60
in new and different ways as they execute their corporate vision to turn SALES INCREASE OPERATING INCOME INCREASE
houses into homes.
65.6% $86
SHARE PRICE INCREASE DIVIDENDS PAID
$221 $572
SHARE PURCHASES CASH FROM OPERATING ACTIVITIES
Source: 2018 Shareholder’s Report
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 8LA-Z-BOY
FURNITURE PROPERTY OVERVIEW
GALLERIES
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 9Summerlin
South
Community Lakes/Spring Valley
Commnities
DIGNITY
HEALTH
Aristocrat
Technology Flamingo
Promenade Bruce Woodbury
Shopping Parkway
West Flamingo Road
Center 56,000 VPD
30,000 VPD
Siena/
Summerlin
Communities
Alyssian
Apartment
Living
Grand Canyon Parkway
AMD
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 10Overview
Part of Flamingo Promenade
Single Tenant
Square Footage 20,732
Lot Size 2.00 Acres
Traffic Counts On West Flamingo Road, 30,00VPD
NOT A PART
FLAMINGO
PROMENADE
Mrs. Patio Furniture
WEST FLAMINGO ROAD
30,000 VPD
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 11PARCEL
ASSESSOR'S PARCELS - CLARK COUNTY, NV. S 2 SW 4 163-18-4
BOOK
This map is for assessment use only and does NOT represent a survey.
T21S R60E 18
q
SEC.
MAP
Briana Johnson - Assessor
No liability is assumed for the accuracy of the data deliniated herein. 8 4 8 4
Information on roads and other non-assessed parcels may be obtained PARCEL BOUNDARY CONDOMINIUM UNIT 001 ROAD PARCEL NUMBER 36 137 138 139 6 5 4 3 2 1
SUB BOUNDARY 001 PARCEL NUMER 5 1 5 1
from the Road Document Listing in the Assessor's Office. AIR SPACE PCL 7 8 9 10 11 12
MAP LEGEND
PM/LD BOUNDARY 1.00 ACREAGE 18 17 16 15 14 13
RIGHT OF WAY PCL 6 2 6 2
ROAD EASEMENT 65 164 163 162
NOTES
This map is compiled from official records, including surveys and deeds, MATCH / LEADER LINE SUB-SURFACE PCL PARCEL SUB/SEQ NUMBER 202 19 20 21 22 23 24
but only contains the information required for assessment. See the PB 24-45 PLAT RECORDING NUMBER
30 29 28 27 26 25 7 3 7 3
HISTORIC LOT LINE
recorded documents for more detailed legal information. 174 175 176 177 31 32 33 34 35 36
USE THIS SCALE(FEET) WHEN MAP REDUCED FROM 11X17 ORIGINAL
HISTORIC SUB BOUNDARY
HISTORIC PM/LD BOUNDARY
BLOCK NUMBER 5 8 4 8 4
5 LOT NUMBER
0 100 200 400 600 800
SECTION LINE GL5 GOV. LOT NUMBER Scale: 1" = 200' Rev: 1/8/2019 5 1 5 1
338.91 PT GL28 68 BO
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39.64 35.56
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52 3.62
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1 19
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66
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23.08
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105.45
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451.48
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-UNIT
410FOOTHILLS8- UNIT 8
663.14
r=50 4.5
5 210.77 3 4 1.7
149.21
81.64
206.74 5
147.69
124.61
18
61 009
8 81
206.75
R=5645 6 .0
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204.93
204.92
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3 41.9 6
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VAC 20180524
34 7
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130
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340.07
GL32 GL31 004 75.0
18
193.52
2
R=20
:592
[ BUILDING
PT GL29 1 ]
HUALAPAI WAY
PT GL30 354 006
434.5
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30
.00
60
015 326.77
104.91 350.36 025
003
401
500.65
44.24
R=25
10 8.6 3 8.79 332.41
67.69
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0.06
6
FLAMINGO / HUALAPAI
48.1
PT1 355
.9 9
88.54
009
187.99
002
274.76
W. FLAMINIGO
249.33
PB 105-31
486.43
0.7
306.08
MEDICAL OFFICE AND HOSPITAL 106
.7 2
004
292.82
PT 1 PT GL35 PT GL36 019
79.2
PB 153-87 3.47 7
5.81
42
414
108.79
AC 20180524:592 11
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174.11 .91
412
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011 473.3
003 011
411
214.54
5.61 258.76 80
61.42
.0
PT 1
5
457.82
[ BUILDING 2 ]
116.28
005 WHITE STONE
191.19
002
180.27
198.72
139.76
3.85
457.7
361.73
0.76 002
95.51
331.72
1.59
PT 1 007
15.33
008
FLAMINGO-JENSEN 003
377.42
120.44 45.96 99.1
006 1.49 1.26
2
317.1
413
255.41
280.53
0.92 002
106.16
200.55
9
1.88
244.69
257.18
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9
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9 0.6
0.6
PT 1 PB 108-59
L= 9
0.69
123
PT 1 1.27
R=54
PT 1 PT 1 PT 1
138.02 3 3 .3 7
PT 1 PT 1 PT 1 PT1
PB 113-49
44.08
2 8 .5 7
272.09 29.86 176.25 200.47 165.78 165.77
287.13 VAC 20080514:5098 020 331.91
016
> 60
012 019
80.05
84.92
008 001
50
FLAMINGO>
RD
306.73
331.59 50
001 016 005
017 006
>
50
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50
M 102.54 56.69
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50
106.28 331.65
R=59 117.05 73. 61
R=25 450.98 015
011 016
80
45.08 R=25
012 004 004
97-002 378.24 0.6 309.76
132.5 115.5 0.3 206.24
R=54
11
.91
.
6
46
33
.
245 9
74
9
TAX DIST 417
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 12LA-Z-BOY
FURNITURE FINANCIAL ANALYSIS
GALLERIES
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 13TENANT
TENANT SUITE SQ. FT. % GLA COMM. EXP. RENT/SF RENT/MO. RENT /YR LEASE TYPE INCREASES
La-Z-Boy Furniture Galleries 10012 20,732 100.00% --- 10/25/2025 $1.26 $26,122 $313,464 NN 8% / 4 Years
Total 20,732 100.00% $1.26 $26,122 $313,464
Total Vacant 0 Units Unoccupied GLA: 0 0.00%
Total Occupied 1 Units Occupied GLA: 20,732 100.00% Annual Rent $313,464
TOTAL 1 Total GLA: 20,732 100.00% $313,464
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 15LA-Z-BOY MARKET
FURNITURE COMPARABLES
GALLERIES
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 16ON MARKET COMPARABLES
Property Name Address City, State Sale Price GLA Price / Sq Ft
La-Z-Boy Furniture Galleries 10012 West Flaming Road Las Vegas, NV 89147 $4,820,000 20,732 Sq Ft $232.49
La-Z-Boy Furniture Galleries 42728 Ford Road Canton, MI 48187 $4,680,000 15,600 Sq Ft $300.00
La-Z-Boy Furniture Galleries 525 S Perryville Road Rockford, IL 61108 $5,125,000 15,539 Sq Ft $329.82
La-Z-Boy Furniture Galleries 12189 State Route 22 3 Loveland, OH 45140 $3,138,015 18,022 Sq Ft $174.12
La-Z-Boy Furniture Galleries 876 Eastgate Square Dr Cincinnati, OH 45245 $4,339,849 13,679 Sq Ft $317.26
350
300
250
Average
Median Price / Sq Ft
200
$270.74
150
100
50
0
La-Z-Boy La-Z-Boy La-Z-Boy La-Z-Boy La-Z-Boy
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 17ON MARKET COMPARABLES
1
LA-Z-BOY FURNITURE GALLERIES LA-Z-BOY FURNITURE GALLERIES 2 LA-Z-BOY FURNITURE GALLERIES
10012 West Flamingo Road 42728 Ford Road 525 S Perryville Road
Las Vegas, NV 89147 Canton, MI 48187 Rockford, IL 61108
OFFERING PRICE $4,820,000 PRICE $4,680,000 PRICE $5,125,000
Sale Date Sale Date --- Sale Date ---
Year Built 2004 Year Built 2014 Year Built 2017
GLA 20,732 SF GLA 15,600 SF GLA 15,539 SF
Lot Size 2.00 AC Lot Size 1.88 AC Lot Size 2.71 AC
Cap Rate 6.50% Cap Rate --- Cap Rate ---
Price Per SF $232.49 Price Per SF $300.00 Price Per SF $329.82
TENANTS TENANTS TENANTS
La-Z-Boy Furniture Galleries La-Z-Boy Furniture Galleries La-Z-Boy Furniture Galleries
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 18ON MARKET COMPARABLES
3 LA-Z-BOY FURNITURE GALLERIES 4 LA-Z-BOY FURNITURE GALLERIES
12189 State Route 22 3 876 Eastgate Square Drive
Loveland, OH 45140 Cincinnati, OH 45245
SALE PRICE $3,138,015 SALE PRICE $4,339,849
Sale Date --- Sale Date ---
Year Built 1950 Year Built 2018
GLA 18,022 SF GLA 13,679 SF
Lot Size 1.04 AC Lot Size 1.43 AC
Cap Rate --- Cap Rate ---
Price Per SF $174.12 Price Per SF $317.26
TENANTS TENANTS
La-Z-Boy Furniture Galleries La-Z-Boy Furniture Galleries
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 19LA-Z-BOY
FURNITURE MARKET OVERVIEW
GALLERIES
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 20DIVERSIFYING
The Las Vegas economy is diversifying from tourism and
With all 10 of the nation’s largest hotels located
gaming. The metro’s business-friendly environment, in Las Vegas, tourism and gaming remain the
access to Western markets, large labor force, and the significant drivers for the Las Vegas economy.
availability of high speed data attract companies. A
powerful data network being built by Switch is helping to
draw tech firms, while lower business costs and a large
skilled labor pool lure back-office operations.
Population-serving sectors of the economy, such as
Convention attendance neared 5.9 million delegates in
education, healthcare and retail trade, have grown 2015 topping 5 million for three consecutive years.
in importance over the past two decades due to the
population nearly tripling in size. These sectors will
continue to have a major roll as population growth is
forecasted to exceed the national annual average.
In addition, relatively affordable land compared to
other major metros is attracting large logistics and New additions to the strip this year include MGM’s
manufacturing companies. 20,000-seat T-Mobile Arena and Park promenade, as
well as the Wynn Plaza Shopping Center.
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 212018
EMPLOYMENT Employment growth slows somewhat from 2017 as 18,000
jobs are created, expanding payrolls by 1.8 percent. In the
up 1.8% previous year, 25,000 positions were added.
CONSTRUCTION Supply additions tick up moderately this year as 440,000
square feet is brought online, primarily in the southern
440,000 sq. ft. portions of the metro. Last year, 410,000 square feet was
completed.
VACANCY The metro vacancy contracts 50 basis points to 7.3 percent
down 50 bps as net absorption nearly doubles new supply over the coming
year. In the prior four quarters, vacancy plummeted 110
basis points.
RENT The average asking rent advances 0.9 percent to $17.23 per
square foot as contracting vacancy restores rent growth after
up 2.8% a 1.2 percent decline in 2017.
INVESTMENT Assets with rising NOI in outlying portions of Henderson and
Southern Las Vegas are a target for many investors seeking
above-market returns.DEMOGRAPHICS
Over the next five years the metro’s population is expected to
expand by 240,000 people, dramatically out-pacing the national
growth rate. Nearly 100,000 jobs are forecast to be created
through 2020, topping the national rate of growth.
POPULATION 1-Mile 3-Mile 5-Mile
137,612 2018 Total Population: 18,315 137,612 287,520
2018 POPULATION STATISTIC
3-Mile Radius 2023 Population: 19,916 150,376 314,320
Population Growth 2018-2023: 8.74% 9.28% 9.32%
Average Age: 41.30 40.30 39.70
$64,896 HOUSEHOLDS
2018 Total Households: 7,523 55,602 113,907
MEDIAN HOUSEHOLD INCOME
3-Mile Radius HH Growth 2018-2023: 8.45% 8.98% 9.08%
Median Household Inc: $61,974 $64,896 $64,424
Average Household Size: 2.40 2.50 2.50
Average Household Vehicles: 2.00 2.00 2.00
$297,648 HOUSING
MEDIAN HOME VALUE Median Home Value: $295,091 $297,648 $282,217
3-Mile Radius
Median Year Built: 2000 1998 1997
Source: Marcus & Millichap /Co-Star ™
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 23ECONOMIC Job growth outpacing national average; development remains muted. Underpinned by employment growth in a wide array of industries, Las Vegas retail assets are performing exceptionally well. Vacancy has fallen to the lowest point in the current cycle as limited construction and economic expansion have combined to absorb excess capacity in the sector. Over the coming year, the average vacancy rate will fall to the lowest level of the current cycle, down more than 400 basis points from 2011. Additionally, the average size of retail space coming online is roughly 15,000 square feet, powered by built-to-suit single-tenant concepts such as bars and restaurants. Projects are widespread throughout the metro, led by the Las Vegas Athletic Club in Henderson, which will provide a broad base of construction, even as overall development remains subdued. Rent growth will remain marginal, however, as owners continue to prioritize filling empty spaces and leases from prior years in the cycle have yet to roll over to market rates. * Forecast LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 24
THE DREW LAS VEGAS - 2020
Marriott International rebrands the
Fountainbleau with a 4,000 room resort.
WYNN PARADISE PARK - 2020
A 1,500 room hotel with 20-acre lagoon that
will host watersports by day and fireworks
displays at night.
RESORTS WORLD LAS VEGAS - 2020
An Asian-themed casino to include four towers
with 6583 rooms, an indoor water park and
Panda Exhibit.
PALMS CASINO RESORT REMODEL - 2019
“From Dust to Gold,” the Palms Casino resort is
redesigning its property with a $620M renovation.
PARK MGM - 2018
MGM’s design is inspired by urban parks and gardens,
and combines timeless European style with luxury.
HOTEL & CASINO
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 25CAESARS FORUM CONFERENCE CENTER - 2020
The 550,000 sq. ft. Caesars FORUM conference
center is the newest addition to the Caesars
Entertainment family. Flexible meeting space and
direct access to more than 8,500 hotel rooms at
Harrah’s Las Vegas, the LINQ and Flamingo Hotels.
MGM GRAND CONVENTION CENTER EXPANSION - 2018
The conference center will total more than 850,000 square
feet including a 22,000-square-foot expansion of Stay
Well Meetings, the industry’s first-ever wellness meetings
experience.
LAS VEGAS CONVENTION AND VISITORS AUTHORITY - 2020
The $860 million project that involves the construction of a
600,000-square-foot exhibition hall is expected to be completed
by January 2021, in time to welcome the annual CES gadget show.
CONVENTION
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 26SPORTS &
T-MOBILE ARENA 2016
A multi-purpose indoor arena on the Las
Vegas Strip opened April, 2016. The arena
LAS VEGAS STADIUM 2020
A 65,000-seat stadium to host NFL The Raiders
is home to the NFL Golden Knights, and
just 1 mile from the strip. concert, boxing & martial arts venue events.
MADISON SQUARE GARDENS SPHERE 2020
MSG Sphere will be a 360-feet-tall and
500-feet-wide concert venue offering guests
technology that will allow them to feel the
music.
LAS VEGAS BALLPARK SUMMERLIN 2019
The $150M project broke ground February
2018. The stadium will hold 10,000 fans and
will be outfitted with a pool, suites, party
zones and decks, a kid zone and a host of
other amenities.
LA-Z-BOY FURNITURE GALLERIES | 10012 WEST FLAMINGO ROAD | LAS VEGAS, NV | REAL ESTATE INVESTMENT SERVICES 27LA-Z-BOY FURNITURE GALLERIES La s Ve ga s, N evada Highly Visible Single Tenant Exclusive Summerlin Sub-Market
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