9090 ALTA DR Las Vegas NV 89145-8508

We are pleased to offer to qualified investors a generational opportunity to purchase the Suncoast Hotel & Casino on an absolute NNN lease with the investor receiving fee title to 49.13 acres of land in the highly coveted master planned community of Summerlin, NV. With 35 years remaining on the lease term, the subject property is comprised of a ~95,000 SF casino, 427 hotel rooms, multiple restaurant and dining options, along with entertainment facilities including 25,000 SF of banquet and meeting facilities, a 16 stadium-seating movie theater, and a 64-lane bowling alley.

With the introduction of the Neighborhood Act of 1997 (SB 208), the subject property provides a gaming right oligopoly in Summerlin in the form of gaming entitlements that cannot be replicated. This allows for very little downside risk to potential investors as direct competition to the operations of this asset is very limited within the immediate vicinity. Moreover, the subject property received over $185 million in improvements in 2000 ($275 million in 2019 dollars) and has a replacement cost of over $500 million.

With its location in Summerlin, NV this is a truly rare opportunity to acquire a legacy asset, backed by a $7 billion enterprise (Boyd Gaming Corp.) with 35 years remaining of passive income (zero landlord responsibilities), on 49+ acres of land, with limited downside risk due to scarce land availability in Summerlin and legislative barriers limiting potential gaming competition.