1205 S. Fort Apache Rd., Las Vegas, NV 89117

— Recently Sold • Represented Seller —

List Price$3.55MM

Size +/- 5,041 SF

Year Built 2005

Property Information

Property Overview

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a The Martini, a single-tenant net-leased sports bar and gaming tavern ideally situated within a dense and affluent trade area servicing the Summerlin, Queensridge & Peccole Ranch master planned communities. The asset is located within the Fort Apache Commons retail center and consists of a +/- 5,041 SF building on a +/- 0.12 AC parcel built in 2005 at the signalized intersection of W. Charleston Blvd. and S. Fort Apache Rd., boasting combined traffic counts in excess of 71,000 CPD.

The Martini offers gaming, specialty drinks, and an extensive menu available 24 hours a day, 7 days a week, and is strategically located in one of Las Vegas, Nevada’s strongest trade areas, consisting of +/- 419,670 residents with an average household income of $91,010 within a 5-mile radius. Co-tenants include Chili’s, Mimi’s Café, Via Brazil Steakhouse with nearby national retailers including Target, Whole Foods, Chick-Fil-A, Restoration Hardware, Starbucks and Dick’s Sporting Goods.

Investment Highlights

Restricted Gaming License

  • The property is entitled for the operation of a gaming tavern, a restricted license that is protected by government mandated distance separation from competitors.

Well Positioned Retail | Excellent Visibility

  • The asset is located at the signalized intersection of S. Fort Apache Rd. and W. Charleston Blvd one of the top retail intersections in the Las Vegas valley, with a combined traffic count in excess of +/- 71,000 CPD.
  • Fort Apache Commons is a +/- 50,746 SF mixed use center that offers residents a variety of amenities.

High-Quality Trade Area

  • Strategically Positioned to service the Summerlin, Queensridge and Peccole Ranch master planned communities.
  • Dense and Affluent Demographics, consisting of +/- 419,670 residents with an average household income of +/- $91,010 within a 5-mile radius.
  • Resilient Local Economy with August Gaming Revenue up +/- 10.3% year-over-year for a total of $195.3M.

No State Income Tax

  • Nevada, as a state, has no income tax. Consult your accountant for more details.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
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Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
More Info