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Restaurant

PT's Gold

7770 W Ann Rd, Las Vegas, NV 89149

Listing Price: $4,700,000

Cap Rate
6.00%
Tenant Name
PT's Gold
Years Remaining On Lease
5.5
Gross SF
5,217
Guarantor
Local Franchisee
Rentable SF
5,217
Price/Gross SF
$900.90
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.15

Investment Overview

Marcus and Millichap is pleased to present this single tenant, triple net (NNN) leased PT's Gold with a 10 year initial term lease, and 10% bumps every 5 years. Minimal landlord responsibilities, only roof and structure. PT's Gold was established in 1982 by Phil and Tom Boeckle. The property is located at 7770 W Ann Rd. Las Vegas, NV 89149. The building was constructed in 1993, located just 6 minutes from Centennial Center and US 95. This property offers the conservative investor a strong return considering the low risk nature of having a secured tenant with a track record that dates back 100 years with gaming partner J&J Gaming.

Investment Highlights

  • Golden Entertainment Credit - 1.2 Billion Las Vegas Review-Journal 2021 "Best Happy Hour"
  • Market Cap - Ticker Symbol GDEN Absolute triple net lease
  • North Las Vegas Tavern surrounded by dense Retail and Residential development Located just 6 minutes from Centennial Center and US-95

Exclusively Listed By

Financing By

Restaurant

PT's Gold

Listing Price: $4,700,000

Cap Rate
6.00%
Tenant Name
PT's Gold
Years Remaining On Lease
5.5
Gross SF
5,217
Guarantor
Local Franchisee
Rentable SF
5,217
Price/Gross SF
$900.90
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.15

Investment Highlights

  • Golden Entertainment Credit - 1.2 Billion Las Vegas Review-Journal 2021 "Best Happy Hour"
  • Market Cap - Ticker Symbol GDEN Absolute triple net lease
  • North Las Vegas Tavern surrounded by dense Retail and Residential development Located just 6 minutes from Centennial Center and US-95

Investment Overview

Marcus and Millichap is pleased to present this single tenant, triple net (NNN) leased PT's Gold with a 10 year initial term lease, and 10% bumps every 5 years. Minimal landlord responsibilities, only roof and structure. PT's Gold was established in 1982 by Phil and Tom Boeckle. The property is located at 7770 W Ann Rd. Las Vegas, NV 89149. The building was constructed in 1993, located just 6 minutes from Centennial Center and US 95. This property offers the conservative investor a strong return considering the low risk nature of having a secured tenant with a track record that dates back 100 years with gaming partner J&J Gaming.

Exclusively Listed By

Financing By

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