8025 Farm Rd - Freestanding FOR SALE


Las Vegas, NV 89131
$4,295,000 USD
702-271-2600
8025 Farm Rd, Las Vegas, NV for Sale
$4,295,000 USD
Freestanding - FOR SALE
1/5
null | 5% Cap Rate

8025 Farm Rd
Las Vegas, NV 89131


HIGHLIGHTS

  • GUARANTY: Golden Gaming Inc. (NASDAQ:GDEN) a publicly traded company
  • Features a highly coveted Nevada restricted gaming license allowing 15 gaming machines.
  • Single purpose property -- Not part of a commercial center. No CC&R’s
  • Experienced operator with (3) PT's Brand Lucky's Lounge locations / https://www.ptstaverns.com/locations/lucky-s/lucky-s
  • Strong Demographics in a growing submarket. Population 217,000 / annual household income near $100k within 5- miles
  • Located near the signalized intersection of Farm Rd. & Cimarron Rd. with access to US-95 Fwy & 215 Beltway

OVERVIEW

Subject property is a 4,519/SF single Tenant Net Leased Retail Building operating as a Lucky's Lounge since 2006. A Single purpose property and not part of a commercial center. No CC&R’s. The site features a highly desirable Nevada restricted gaming license which allows 15 gaming machines. Specific Distance requirements restrict availability of new tavern sites which limiting competition. Located at a Busy Corner in the desirable Las Vegas submarket of Centennial Hills near the signalized intersection of Farm Rd. & Cimarron Rd. with immediate access to both US-95 Fwy & CC-215 Beltway. Strong Demographics in a growing submarket with a population of 217,000 / annual household income of approaching $100k within 5- miles.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$950 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Lucky's Lounge 8025 Farm Rd. LV NV 89131

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

C-1, Las Vegas

APN/PARCEL ID

125-16-318-016

ASK ABOUT THIS PROPERTY

John MendozaBrand Real EstateMore Info
702-271-2600

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John MendozaBrand Real EstateMore Info
702-271-2600

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