Historical Retail Sale Listing - Dotty's Gaming and Spirits Tavern

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Dotty's Gaming and Spirits Tavern

7950 S Rainbow Blvd, Las Vegas, NV 89139

N/A

4,000 SF | Retail

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Retail Property - Off Market

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

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

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

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

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