8025 Farm Rd - Freestanding FOR SALE


Las Vegas, NV 89131
$4,427,000 USD
702-449-1180
8025 Farm Rd, Las Vegas, NV for Sale
$4,427,000 USD
Freestanding - FOR SALE
1/8
null | 4.85% Cap Rate

8025 Farm Rd
Las Vegas, NV 89131


HIGHLIGHTS

  • Lucky’s is a subsidiary of Golden Entertainment (NASDAQ: GDEN)
  • 15-Year Lease with Four 5-year Options
  • Includes a highly coveted Nevada restricted gaming license
  • Excellent Access & Visibility - Located less than 1-mile from the I-11 Freeway
  • Proximity to national retailers, hotels, hospitals, and auto dealerships
  • Strong Demographics | Surrounded by Growth

OVERVIEW

Colliers is pleased to present the exclusive opportunity to acquire ownership of a freestanding STNL Lucky’s Lounge that is strategically located in the high growth Centennial Hills trade area in Las Vegas, NV. The property benefits from a 15-Year lease with a Golden Gaming (NASDAQ: GDEN) corporate guaranty and 10% rental increases every five years, including options. The property consists of a ±4,519 SF freestanding building that is situated on a ±0.88 AC parcel and benefits from a coveted restricted gaming license entitlement. This high performing tavern is equipped with 15 gaming machines, a full bar, a fully equipped commercial kitchen, a comfortable lounge area, and an inviting outdoor patio—making it a popular neighborhood destination. The property is strategically positioned just 1-mile from the I-11 Freeway at the major signalized intersection of Farm Rd. and N. Cimmaron Rd. with total traffic counts exceeding ±73,550 VPD. The asset is strategically located in a desirable retail trade area with high barriers of entry and services affluent neighborhoods of Centennial Hills, Lone Mountain, Aliante, and the Providence Master Planned Community (±7,000 homes) with over ±238,431 residents with an average household income of over $129,134 within a 5-mile radius. Immediate co-tenants include 7-Eleven, Dominos, Sinclair Gas Station, Centennial Hills Animal Hospital strong nearby demand drivers including, Centennial Hills Hospital (1,200 employees), Santa Fe Station (200 rooms), and Aliante Hotel & Casino (202 rooms).

FOR SALE DETAILS

PRICE

$4,427,000 USD

PRICE/SF

$980 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lucky's Lounge

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant, Storefront

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

Adam MalanColliersMore Info
702-449-1180

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Adam MalanColliersMore Info
702-449-1180

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