10117 S Tacoma Way
Lakewood, WA 98499
Great American Casino Lakewood · Sports & Entertainment Property For Sale
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24,967 SF
Investment Highlights
- Absolute NNN Leased Investment with Long Term Cash Flow
- Prime Tacoma Location off the Freeway
- Strong Parent/Guarantor with over $300MM in Annual Revenue
Property Facts
| Property Type | Sports & Entertainment | No. Stories | 1 |
| Property Subtype | Casino | Year Built | 2003 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.97 AC | Parking Ratio | 8.01/1,000 SF |
| Building Size | 24,967 SF | ||
| Zoning | AC1 | ||
| Property Type | Sports & Entertainment |
| Property Subtype | Casino |
| Building Class | B |
| Lot Size | 2.97 AC |
| Building Size | 24,967 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Tenancy | Single |
| Parking Ratio | 8.01/1,000 SF |
| Zoning | AC1 |
About 10117 S TACOMA WAY , LAKEWOOD, WA 98499
Cardo Realty is pleased to present for acquisition a best in class, absolute NNN ground lease providing a long term stable income stream with minimal Landlord responsibilities. The property is a sale/lease back, ground leased to a wholly owned entity of Maverick Gaming, LLC, a multi-regional leading gaming company with over $300 million in annual revenues. The property includes both gaming, restaurant and retail uses. Great American Casino is one of Tacoma's premiere card room and entertainment destinations, offering a variety of table games, live music, dining, banquet and catering. The card room gaming designation in Washington is very difficult to obtain and extremely valuable to a property. Washington card rooms may have up to 15 tables and offer blackjack, Caribbean stud poker, Let it Ride, baccarat, and most other card games once approved by state gaming regulators. Card rooms are regulated by the Washington State Gambling Commission.
Property Taxes
| Parcel Number | 031906-2077 | Improvements Assessment | $7,164,100 |
| Land Assessment | $4,141,300 | Total Assessment | $11,305,400 |
Property Taxes
