Overview

Offered by

John Mendoza

Commercial Agent

Centennial Real Estate

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Description

6,000/SF Free standing Tavern on 0.66 acre lot providing ample parking.
Location Specific: Site APPROVED for 15 Slot Gaming License.
NNN Leased: Tenant shall be solely and directly responsible for all taxes, insurance, maintenance, repair, and replacements at the Property. Landlord responsible for structure.

Operated by Golden Gaming Entertainment, a diverse gaming company, with a dedication to quality guest experiences. PT’s Entertainment Group (PTEG), a division of Golden Entertainment, Inc. (NASDAQ: GDEN) is the largest traditional tavern gaming operator in Nevada.

Initial term Expires June 30, 2030 with (3) Three (5),five-year options to extend in Tenant's sole discretion. 2.5% Annual Rent Increases to 3% Annual increase commencing on 7/1/2025 and any Renewal Option Term(s).

Monthly Rent: $21,840.72 Annual Rent: $258,271.86

For complete information on the Tenant / Operator / Guarantor including holdings, operations and financial reports please see: http://www.goldenent.com/

Highlights

• 2.5% annual increases / Increasing to 3% annual increases in July 2024
• (NASDAQ:GDEN) Corp. Guaranteed Lease - Expires 2031 with (3) Three (5), five-year options to extend
• Tenant shall be solely and directly responsible for all taxes, insurance, maintenance, repair, and replacements.
• Valuable Privileged 15 Slot Gaming License runs with the property / No similar use within 2,500'
• No income tax state

Documents

Location

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