|Price/Rent PSF||$ 7,100,000.00|
|SQ. FT. Available||12,417|
Treehouse is located near the Arts District within Downtown Las Vegas. This area nurtures a creative habitat for art galleries, antique stores and a vibrant bar and tavern scene. The City of Las Vegas street improvements are adding to the welcoming nature of the district. The Arts District, which hosts the First Friday monthly arts festival, is arguably Las Vegas’ most happening areas for locals and visitors alike.
The area has strong connectivity to the I-15 and is a short distance from The Fremont Street Entertainment District as well as The Las Vegas Premium Outlets, Clack County Government Center and Symphony Park. Downtown Las Vegas also serves as the County’s legal hub and has a meaningful daytime population.
This offering is located in the growing Downtown area. The property is leased to a global entertainment brand which operates the Treehouse, a mix of outdoor and indoor lounges, nightclub, a speakeasy and rooftop bar. This is a new concept in Las Vegas and is smartly positioned within Las Vegas’ most interesting entertainment environments.
The project is net leased for 15 years. Based on the year 2 income, the cap rate is expected to be approximately 6.5%.