Las Vegas Corp. Guaranteed NNN SNTL Building (NASDAQ:GDEN)

Las Vegas Corp. Guaranteed NNN SNTL Building (NASDAQ:GDEN)

5630 S Hualapai Way, Las Vegas, NV 89148, USA
$4,500,000

Price:
$4,500,000
Cap Rate
5.3 %
NOI
$ 238,531.32
Development Type
Retail
Building Size
6000 sqft
Lot Area
0.66 sqft
Occupancy
100 %
Class
A
Year Built
2006
Zoning
C-1
Permits
Yes
Parking Spots
50
Gross Leaseable area
6000
Contruction Status
Built
Parking Ratio
5:1
Freight Elevator
n/a
Number of Elevators
n/a
Roof
tile / asphalt / flat
HVAC
4
Restrooms
5
Investment Strategy
Core Plus
LEAD LISTING AGENT
JohnMendoza

JohnMendoza

ASSOCIATE



PROPERTY CONTENT

6,000/SF Free standing Tavern on 0.66 acres 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.

PT Pub Tavern operated by Golden Gaming Entertainment, a diverse gaming company, with a dedication to quality guest experiences. Golden Entertainment operates more than
14,000 gaming devices and nearly 30 table games in Nevada, Maryland and Montana. The Company owns Eight casino properties, more than 50 taverns and operates approximately 980 distributed gaming locations in multiple jurisdictions. Golden Entertainment is focused on leveraging its scale, market leadership and proven management capabilities to create Shareholder value.
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, 2031 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/


PROPERTY HIGHLIGHTS

  • 2.5% Annual Rent bumps increase to 3% in 7/1/25
  • (NASDAQ: GDEN) Coprporate Guaranty from Golden Entertainment
  • NO INCOME TAX STATE
  • Valuable Tavern Suitability entitlement runs with the property
  • No similar allowed use within' 2,500'

5630 S Hualapai Way, Las Vegas, NV 89148, USA

LEAD LISTING AGENT
JohnMendoza

JohnMendoza

ASSOCIATE