Investor / Landlord Opportunity / Corp. Guaranteed / NNN Leased /10+ Yrs - SIngle Tenant 2.5% Annual increases to 3%
$4,500,000
5630 South Hualapai Way, Las Vegas, NV 89148
5.3
Cap Rate
238,531.37
NOI
Details:
Highlights:
- (NASDAQ:GDEN) Corp. Guaranteed Lease - Expires 2031 with (3) Three (5), five-year options to extend
- 2.5% annual increases / Increasing to 3% annual increases in July 2024
- 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
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: $20,171.37 Annual Rent: $238,531.32
For complete information on the Tenant / Operator / Guarantor including holdings, operations and financial reports please see: http://www.goldenent.com/
Documents:
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PT_s_Pub_Gold_at_6610_S_Fort_Apache_-_4875_-8-15-19-sm.pdf
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Location
Gallery
