This property is Off-Market

7950 S Rainbow Blvd
Las Vegas, NV 89139 ·

4,000 SF · Retail For Sale

N/A

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Dotty's Gaming and Spirits Tavern

Price N/A Cap Rate 8%
Building Size 4,000 SF Occupancy 100%
Property Type Retail No. Stories 1
Property Sub-type Restaurant Tenancy Single
Property Use Type Net Lease Investment with 8 years left on lease Year Built 2007
Listing ID: 17407599 Date Created: 11/08/2011 Last Updated: 02/08/2012

Description

7.4-years remaining on the base term of a 10-year lease with limited landlord responsibilities. The Lease also offers annual 3% rent escalations. The site operates as a 24-hour tavern with gaming, spirits and packaged foods. The location is very popular and the lease is guaranteed by the parent company which owns 60 locations throughout Las Vegas and Sparks, Nevada.

Positioned as an out-pad to a Smith's Grocery and drug store anchored shopping center (Southwest Marketplace) and occupying 16.74 (over 118,000 SF of retail) Acres overall and 845 parking spaces. Other tenants in the Marketplace include Rice N'Noodle, Jack in the Box, UPS Store, Tuesday Morning, Sporting Goods, a Nail Salon, an Eye Doctor, Dental Office, and Check City. Other Tenants in the immediate vicinity include a Walgreens, Bike King, Village Pub, Raising Cane, Roberto's Tacos, Chipotle Mexican Grill and Del Taco, Albertson's, and The Butcher Block. The area is heavily populated with multi-residential housing and surrounded by young people with young children as is evident by the numerous numbers of elementary and middle schools in the immediate area. There are more than 8 elementary schools within a 3-mile radius from the site. The Silverstone Golf Club is located across the street. The site is perfectly situated for those casual, yet regular patrons who have an hour or two in between car pooling, working or grocery shopping which is evident by the units performance record

Highlights

  • 24-Hour Day Tavern and Casino Serving Local Neighborhood
  • Out-Pad to Dominant Smith's Food and Drug Anchored Shopping Center
  • Immediate Population Has Grown By Over 150 Percent Since 2000
  • Affluent Region Where Avergae Household Income Exceeds $91,430

Research

7950 S Rainbow Blvd, Las Vegas, NV 89139 (Clark County)

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