8025 Farm Rd., Las Vegas, NV 89131
Size +/- 4,519 SF
CAP Rate 5.9%
The Vincent Advisory Group of LOGIC Commercial Real Estate is pleased to present the opportunity to acquire Lucky’s Lounge & Restaurant on Farm Road, a single-tenant sale leaseback investment opportunity in Las Vegas, Nevada. The property is located in the desirable Centennial Hills Northwest submarket near the signalized intersection of Farm Rd. and Cimarron Rd., just east of the US-95 Freeway. The tavern is owned and operated by Daniel Kouretas with over 20 years of gaming and restaurant operating experience. He recently received gaming approval for his 3rd and 4th tavern locations as he continues to expand his highly successful Lucky’s brand throughout Nevada. Upon close of escrow, the seller will sign a new triple-net lease with a 10- year term.
The tavern is open 24/7 and includes a full bar, full-service kitchen, lounge area, patio and a highly-coveted restricted gaming license for 15 gaming machines. The property is situated within a growing submarket surrounded by rooftops with a population of 217,000 and significant annual household income of nearly $100,000 within a 5-mile radius. The Lucky’s Lounge & Restaurant opportunity provides investors with a long-term, stabilized cash flowing asset featuring an established operator and ease of management.
Sale Leaseback Investment Opportunity
Lucky’s Lounge & Restaurant provides investors with an easy to manage, single-tenant, triple-net tavern investment featuring a brand new 10- year lease.
Desirable Gaming Bar Footprint
The tavern features a desirable +/-4,519 square foot floor plan including a bar suited for 15 gaming machines, full-service kitchen, lounge area and patio.
Established Tavern Operator
The property has been owned and operated by Daniel Kouretas since 2005. Mr. Kouretas has operated a second tavern under the Lucky’s brand since 2006 and recently got approved for his 3rd and 4th tavern location as he continues to build the Lucky’s brand throughout Nevada.
Privileged Gaming License
The site features a highly desirable Nevada restricted gaming license for 15 gaming machines, which is in high demand throughout the Las Vegas valley. These licenses must meet specific location requirements restricting new tavern sites and controlling competition.
Superior Location & Accessibility
Lucky’s Lounge is located in the desirable northwest Las Vegas submarket in Centennial Hills near the signalized intersection of Farm Rd. and Cimarron Rd. with proximity to both the US-95 Freeway and the CC-215 Beltway.
The property is situated within a growing submarket with a population of 217,000 and significant annual household income of nearly $100,000 within a 5- mile radius.