529-Pts-gold

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

6610 S Fort Apache Rd, Las Vegas, NV 89148, USA
$4,875,000

Price:
$4,875,000
Cap Rate
5.3 %
NOI
$ 258271.86
Cash-on-Cash
5.3 %
Pro Forma Cap Rate
5.3 %
Development Type
Retail
Building Size
6000 sqft
Lot Area
0.66 acre
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
HVAC
4
Floor
1
Restrooms
4
LEAD LISTING AGENT
JohnMendoza

JohnMendoza

ASSOCIATE



PROPERTY CONTENT

Investor / Landlord Opportunity – Corporate Guaranteed NNN Leased – Free standing Single Tenant Tavern. Tenant shall be solely and directly responsible for all taxes, insurance, maintenance, repair, and replacements at the property.

RENT SCHEDULE:
7/1/2019 / $21,840.72 mo. $258,271.86 Annual Income
7/1/2020 / $22,495.95 $266,020.02 – 2.5% annual increases
7/1/2021 / $23,170.82 $274,000.62
7/1/2022 / $23,865.95 $282,220.62
7/1/2023 / $24,581.93 $290,687.28
7/1/2024 / $25,319.38 $299,407.86 – 3% annual increases
7/1/2025 / $26,078.96 $308,390.04
7/1/2026 / $26,861.33 $317,641.74
7/1/2027 / $27,667.17 $327,171.00
7/1/2028 / $28,497.19 $336,986.16
7/1/2029 / $29,352.11 $347,095.80
7/1/2030 / $30,232.67 $357,508.68
For complete information on the on the publicly traded Tenant / Operator / Guarantor including holdings, operations and financial reports please see: http://www.goldenent.com/


PROPERTY HIGHLIGHTS

  • (NASDAQ:GDEN) Corporate 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

6610 S Fort Apache Rd, Las Vegas, NV 89148, USA

LEAD LISTING AGENT
JohnMendoza

JohnMendoza

ASSOCIATE