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Restaurant

Crossroads Tavern

7942 N Decatur Blvd, North Las Vegas, NV 89131

Listing Price: $4,090,909

Cap Rate
5.50%
Tenant Name
Kouretas Ventures 5 LLC dba Lucky's Lounge
Guarantor
Personal Guarantee
Rentable SF
5,000
Lease Type
Absolute Net
Rent Per Square Feet
$45.00

Investment Overview

Excellent Visibility & Exposure | Located at a signalized intersection which sees 14,535 VPD

Investment Highlights

  • New Construction Crossroads Tavern | 20-year Absolute Net Lease with no landlord responsibility
  • Personal Guarantee from local operator | Tenant has 4 locations in Las Vegas and 1 in Reno
  • Tenant benefits from added revenue stream of 15 Gaming Machines. | No competing Taverns within a 2-mile radius
  • Subject property is positioned as the main entry point to the new Valley Vista Master Planned Community by D.R. Horton (4,100 new homes)
  • Affluent Trade Area | Average Household Income within 1-mile is $117,440
  • High Barriers to Entry | Valley Vista contains 21 communities, three parks and walking and biking paths, Valley Vista spans over 2,600 acres.

Exclusively Listed By

Restaurant

Crossroads Tavern

Listing Price: $4,090,909

Cap Rate
5.50%
Tenant Name
Kouretas Ventures 5 LLC dba Lucky's Lounge
Guarantor
Personal Guarantee
Rentable SF
5,000
Lease Type
Absolute Net
Rent Per Square Feet
$45.00

Investment Highlights

  • New Construction Crossroads Tavern | 20-year Absolute Net Lease with no landlord responsibility
  • Personal Guarantee from local operator | Tenant has 4 locations in Las Vegas and 1 in Reno
  • Tenant benefits from added revenue stream of 15 Gaming Machines. | No competing Taverns within a 2-mile radius
  • Subject property is positioned as the main entry point to the new Valley Vista Master Planned Community by D.R. Horton (4,100 new homes)
  • Affluent Trade Area | Average Household Income within 1-mile is $117,440
  • High Barriers to Entry | Valley Vista contains 21 communities, three parks and walking and biking paths, Valley Vista spans over 2,600 acres.

Investment Overview

Excellent Visibility & Exposure | Located at a signalized intersection which sees 14,535 VPD

Exclusively Listed By

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