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- LoopNet Team
11829 Renton Ave S
Seattle, WA 98178
Roman Casino - Absolute NNN · Sports & Entertainment Property For Sale
·
37,000 SF
INVESTMENT HIGHLIGHTS
- Absolute NNN, No Landlord responsibilities
- Long term cashflow
- Guarantor generates $300 million of Revenue
- Rare and Valuable Gaming Entitlements
PROPERTY FACTS
| Property Type | Sports & Entertainment | Building Size | 37,000 SF |
| Property Subtype | Casino | No. Stories | 1 |
| Building Class | C | Year Built | 1964 |
| Lot Size | 4.55 AC | Parking Ratio | 9.27/1,000 SF |
| Zoning | CBSO - Community Business District Overlay | ||
| Property Type | Sports & Entertainment |
| Property Subtype | Casino |
| Building Class | C |
| Lot Size | 4.55 AC |
| Building Size | 37,000 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 9.27/1,000 SF |
| Zoning | CBSO - Community Business District Overlay |
ABOUT 11829 RENTON AVE S , SEATTLE, WA 98178
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 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. Roman Casino, the gaming operation at the property, was the highest grossing card room of the 61 card rooms in Washington state in 2018. 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. Maverick Gaming, LLC owns and operates 31 casinos and card rooms across Nevada (5), Washington (23) and Colorado (3). In addition to the gaming operations, certain properties have hotel operations, F&B establishments, retail establishments and gas stations. Maverick Gaming, LLC's 2019 revenues totaled over $300 million. Visit www.maverickgaming.com/.com for more information.
PROPERTY TAXES
| Parcel Number | 122304-9027 | Improvements Assessment | $1,049,400 |
| Land Assessment | $4,702,400 | Total Assessment | $5,751,800 |
PROPERTY TAXES
