STNL Lucky's Lounge

Highlights:

• Guaranteed by a wholly owned subsidiary of Golden Entertainment (NASDAQ: GDEN)*
• 15-Year Lease with Four 5-year Options
• Includes a highly coveted Nevada restricted gaming license
• Excellent Access & Visibility - Located less than 1-mile from the I-11 Freeway
• Proximity to national retailers, hotels, hospitals, and auto dealerships
• Strong Demographics | Surrounded by Growth

Description:

Colliers is pleased to present the exclusive opportunity to acquire ownership of a freestanding STNL Lucky’s Lounge that is strategically located in the high growth Centennial Hills trade area in Las Vegas, NV. The property benefits from a 15-Year lease guaranteed by a wholly owned subsidiary of Golden Entertainment (NASDAQ: GDEN)* and 10% rental increases every five years, including options.

The property consists of a ±4,519 SF freestanding building that is situated on a ±0.88 AC parcel and benefits from a coveted restricted gaming license entitlement. This high performing tavern is equipped with 15 gaming machines, a full bar, a fully equipped commercial kitchen, a comfortable lounge area, and an inviting outdoor patio—making it a popular neighborhood destination. The property is strategically positioned just 1-mile from the I-11 Freeway at the major signalized intersection of Farm Rd. and N. Cimmaron Rd. with total traffic counts exceeding ±73,550 VPD.

The asset is strategically located in a desirable retail trade area with high barriers of entry and services affluent neighborhoods of Centennial Hills, Lone Mountain, Aliante, and the Providence Master Planned Community (±7,000 homes) with over ±238,431 residents with an average household income of over $129,134 within a 5-mile radius. Immediate co-tenants include 7-Eleven, Dominos, Sinclair Gas Station, Centennial Hills Animal Hospital strong nearby demand drivers including, Centennial Hills Hospital (1,200 employees), Santa Fe Station (200 rooms), and Aliante Hotel & Casino (202 rooms).

*Lucky’s was acquired by Golden Tavern Group, LLC in 2023, which is a wholly owned subsidiary of Golden Entertainment (NASDAQ: GDEN), and operates over 72 tavern locations and 8 casino properties in Nevada.

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