Battle Mountain Gaming & Hospitality 6 Properties Offered at $8,800,000 in Battle Mountain, NV

This Battle Mountain Gaming & Hospitality 6-property portfolio, offered at $8.8M, is a turnkey, cash-flowing gaming platform, not a fixer-upper. In 2025 the business produced $5.37M in revenue and $1.50M of normalized NOI, a 17.07% in-place cap rate at the asking price. No lease-up risk, no construction, no tenant to wait on.

The portfolio spans one contiguous downtown block on the Interstate 80 corridor in Battle Mountain (Lander County, NV): two licensed Nevada casinos (Owl Club Casino & Restaurant and Nevada Casino & Bar), a landmark 130-seat restaurant, two motels (26 rooms), a commercial building, and a parking lot/vacant land parcel, approximately 25,308 SF across a 1.04-acre block. All six parcels trade together.

Financials (combined, normalized)
- 2025 Revenue: $5,371,787
- 2025 Adjusted NOI: $1,501,961 (17.07% cap)
- 2-yr stabilized NOI (2024-2025): $1,501,629 (17.06% cap)
- 3-yr average NOI (2023-2025): $1,596,116 (18.14% cap)
- 4-yr peak NOI (2022): $2,047,105 (23.26% cap)
- Adjusted NOI reflects a $604K owner-compensation addback and excludes depreciation, amortization, and interest

NOI has held flat at approximately $1.50M for two consecutive years, a settled operating baseline, with demonstrated upside to a proven 23%+ cap. Gaming (slot win) and dining are the twin revenue engines at roughly 54% and 36% of revenue. The Nevada Casino & Bar is licensed for 70 machines but runs 35 today, providing physical capacity to double the gaming footprint already in place.

Strategic Location
- Located in the heart of downtown Battle Mountain on the I-80 and Union Pacific rail corridor
- Close proximity to major Nevada gold mines, including I-80 Gold's Lone Tree operation and the Battle Mountain / Cortez gold trend
- Close proximity to lithium production, including the $2.2B Thacker Pass Lithium Mine (about 50 miles away)
- $250M investment coming to Battle Mountain: I-80 Gold is restarting the Lone Tree plant, with construction running through 2027 (about 400 contractors) and approximately 400 permanent employees once fully operational in 2028 (per Lander County Commission, March 2026)
- New Union Pacific rail spur in development, positioning Battle Mountain as a development-ready site for new industry
- Tourism and business growth driving increased hospitality demand