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Sierra Gold Tavern - NORTH LAS VEGAS, NEVADA

Listing was updated on: 06/03/2019
Sierra Gold Tavern - NORTH LAS VEGAS, NEVADA Sierra Gold Tavern - NORTH LAS VEGAS, NEVADA

Property Overview

Price/Rent PSF $ 6,195,000.00
Asset Type Investment
Trade Type Sale
SQ. FT. Available 7,682
Date Available 05/07/2018
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Description

Investor / Landlord Opportunity - NNN Leased - Free Standing Tavern

7,682 SF Free Standing Building - Built in 2006

0.49 acre lot provides ample parking

Zoned: Master Planned Community - Commercial (MPC C-2)

Location specific: Site is approved for 15 slot gaming license 0 no other similar use within 2,500'

10 year (120 months) initial term to 10/41/2027 with option to extend for 2 additional, successive 5 year periods, on the same terms and conditions set forth in lease

2% rent increase every 5 years commencing in 2022

Absolute NNN Lease

Monthly income - $32,000.24
Annual Income - $384,002.88

See attached brochure for more!

Location

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