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8985 BLUE DIAMOND RD Las Vegas NV 89178-9307

[Locked] • APN 17620601022

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Details
Property Type Retail
Sub Type Restaurant
Building SqFt 5,252
Lot SqFt 34,235
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code CG
Year Built 2018
Building Count 2
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Lease Term ******

Property History

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Property Type
Property Type
Retail
Asking Details
Asking Cap Rate
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Marketing Description

PT’s Gold - NNN Lease Investment We are pleased to offer to qualified investors an opportunity to purchase a single tenant NNN leased investment located in Las Vegas, NV that is fully occupied by PT’s Gold on brand new 15 year lease with a corporate guaranty from Golden Entertainment, Inc. (NASDAQ: GDEN). The subject property is ideally positioned on a hard corner signalized intersection providing great visibility and easy access off Blue Diamond Rd. (Hwy 160) which is the main East/West thoroughfare leading the surrounding residential communities to the I-15 and Las Vegas Strip/McCarran International Airport.

Additionally, the surrounding 3-mile radius is undergoing tremendous growth with over 41% increase in population from 2010 - 2018 and an additional 12.5% population growth expected by 2023. This is an excellent opportunity to purchase a brand new construction NNN leased investment with 15 years remaining, occupied by an internet resistant tenant, guaranteed by a credit rated company (NASDAQ: GDEN), in an area of tremendous growth and solid real estate fundamentals.

Investment Highlights
  • PT’s Gold - Parent Company is Golden Entertainment, Inc. (NASDAQ: GDEN) Rated “B2-Stable” by Moody’s
  • Corporate Guaranty from Golden Entertainment, Inc. - $517MM Market Cap (2/14/19)
  • Brand New Construction - Long Term 15 Year NNN Lease - Ideal 1031 Exchange
  • Attractive Inflation Hedge - 10% Increases Every 5 Years Including Option Periods
  • Tenant Pays Expenses Directly - Coupon Clipper Asset
  • Barriers to Entry - Tavern License Runs with the Land No other Tavern can Open within 2,000 Feet of Property
  • Multiple Retail Developments for the Immediate Area
  • Over 31,000 SF of Retail/Medical Development Planned for Adjacent Parcels
  • Tenants Include 7-Eleven and Hospital Corporation of America (HCA)
Sale Date
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Sold Price
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Buyer Borrower 1 Etal Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Buyer Borrower 1 Relationship Type
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Buyer Borrower 2 Name
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Buyer Borrower 2 Relationship Type
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Document Number
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Document Type
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Seller 1 Name
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Transfer Tax
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Sold By
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Sold To
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Loan History

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Financial History

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****** Data
Net Operating Income
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Reporting Date
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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
EC
Eric Carlton PRO
•••.•••.5561
••••.•••lton@••••••••.com
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