30 W Pacific Ave - Bar FOR SALE


Henderson, NV 89015- Downtown Henderson
$2,382,000 USD
702-340-9490
30 W Pacific Ave, Henderson, NV for Sale
$2,382,000 USD
Bar - FOR SALE
1/6
null | 5% Cap Rate

30 W Pacific Ave
Henderson, NV 89015
Downtown Henderson


HIGHLIGHTS

  • Rare NNN Tavern Investment - Limited Supply of Single-Tenant Tavern Investments on the Market
  • Zero Landlord Responsibilities
  • Dominant Gaming Operator - Dotty's / Nevada Restaurant Services, Inc., Over 150 Locations in Nevada
  • Newly-Signed Lease - 6.5-Years Remain on 7-Year Lease Term
  • Recent Tenant Build-Out - Significant Capital Invested by Tenant
  • Privileged Gaming License - 15 Restricted Gaming Machines

OVERVIEW

Real Estate Sale | Do Not Disturb Tenant The Vincent Advisory Group of LOGIC Commercial Real Estate is pleased to present the opportunity to acquire Dotty's W. Pacific, a single-tenant, triple-net leased tavern investment located in the Downtown Water Street District of Henderson, Nevada. Single-tenant, net-leased tavern investments are limited in supply and rarely trade, making this a unique opportunity to acquire a stabilized gaming asset backed by one of Nevada's most established operators. The recently renovated +/-4,072 square foot property is leased to Nevada Restaurant Services, Inc., the corporate entity behind Dotty's and one of the largest gaming operators in Nevada. Founded in 1991, the company pioneered the neighborhood gaming tavern concept and has grown to operate more than 190 gaming locations throughout Nevada, along with additional gaming locations nationwide including taverns, route locations, and casino operations. The property is secured by a recently executed 7-year triple-net lease, providing investors with stable cash flow and zero landlord responsibilities. The property was recently renovated to shell condition and subsequently build out by Dotty's, who invested significant capital into the interior build-out and tenant improvements, demonstrating the tenant's long-term commitment to the site. The property also benefits from a Nevada restricted gaming license for up to 15 gaming machines, a highly desirable and supply-constrained entitlement that supports long-term tenant demand and operational stability. Dotty's W. Pacific represents a rare opportunity to acquire a stabilized gaming asset backed by a dominant Nevada tavern operator in the highly-desirable Henderson submarket.

FOR SALE DETAILS

PRICE

$2,382,000 USD

PRICE/SF

$585 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Tavern Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

DCC

APN/PARCEL ID

179-18-310-135

ASK ABOUT THIS PROPERTY

Gino VincentLogic Commercial Real EstateMore Info
702-340-9490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Gino VincentLogic Commercial Real EstateMore Info
702-340-9490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.