Property History
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.
- 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)
Loan History
Financial History
Tax History
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