Live Deal Webinar

Tropicana Centre

Tuesday, June 21st @ 7:00PM EDT
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Overview

Tropicana Centre has the unique feature of a triple redundancy of essential anchors: including a 133,768 square-foot Sam’s Club, a 120,363 square-foot Walmart and a 40,020 SF Sprouts. Sam’s Club has been a tenant since 1991, has lease term through March 2023, and maintains five renewal options that will allow them to remain at the site until 2048. Sam’s Club is currently in discussion to execute an extension option. Walmart has been a tenant since 1991, has lease term through December 2027, and maintains five renewal options that will allow them to remain at the site until 2052. Sam’s Club is owned and operated by Walmart Inc., and Walmart is the world’s largest company by revenue, as well as the largest United States grocery retailer. Sam’s Club operates over 600 locations in the United States, and Walmart operates over 10,500 stores worldwide. Walmart has a market cap of over $353 billion dollars, and we benefit from Walmart’s strong S&P credit rating of AA. Sprouts recently executed a 10-year extension through 2033 and plans to invest $1,000,000 dollars into upgrading this location.

What You'll Learn

  • Firm Overview
  • Deal Overview
  • Market & Location Analysis
  • Business Plan
  • Deal Room Reveal
  • Q&A

$72.5m

Purchase Price

3 Years

Targeted Hold Period

13 -14%

Targeted Annual Return

6 - 6.5%

Targeted Annual Cash Distribution

1.44

Targeted Equity Multiple

Why We Invest

  • Anchored By Market-Dominant Grocer
    Anchored by a 133,768 SF Sam's Club & 120,363 SF Walmart
  • High-Quality National Tenants
    Tenants Include: Sprouts, Conns, Ross, Ace Hardware, Big 5 Sporting Goods, Dollar Tree, Rainbow, and McDonald’s
  • Strong Market Demographics
    Located 4 Miles East of the Las Vegas Strip
  • Value-Add Potential
    Lease-Up Vacant Space of 26,085 SF – Over $397,000 in Potential Rent Growth

FAQs

FNRP’s Deal Webinars are the tool we use to introduce our deals to our accredited investors. Every webinar has a brief overview of our firm followed by an overview of each direct deal we syndicate and a dedicated live Q&A session.

We currently launch deals every 3-4 weeks. You’ll receive an email, SMS, and maybe a telephone invitation the week leading up to the live event.

The webinars last about 1-hour. 15-20 minutes for the deal presentation and the remainder of the time will be spent taking questions from the panelists.

Absolutely! You’ll be able to type your questions into the Q&A box during the webinar. Enter as many questions as you like and we’ll do our best to answer them during the Q&A session at the end of the webinar.

Sorry about that. We receive literally hundreds of questions during the Q&A session. We recommend submitting your questions in the Deal Room. Click “I Still Have Questions” and text in our question or schedule a call with our Investor Relations team.

Yes. Every webinar features the ability to dial in from your phone.

Yes…and we encourage you to invite anyone that would be part of your investment decision-making process. It’s common for our investors to invite their spouses, friends and family. Many investors invite their financial planners, advisors, and CPAs.

You need a computer, tablet, or smartphone with speakers or headphones.

Yes but you can send questions directly to the presenters and have your questions answered during the Q&A session

We reveal the Deal Room. The Deal Room is a website where you can secure your position in the deal. You’ll also find all of the due diligence information we compiled during our analysis to include a drone video presentation, cost & income models, rent rolls, asset management plans, photos, and much more. 

 

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Invest in

Tropicana Centre


“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

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Allocation Request Form

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
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Email*
This field is for validation purposes and should be left unchanged.
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