15 YEAR CORPORATE NNN LEASE BRAND NEW CONSTRUCTION Single Tenant NNN Lease Investment 8985 Blue Diamond Road, , NV 89178 INVESTMENT OVERVIEW PT’s Gold - NNN Lease Investment We are pleased to offer to qualified investors an opportunity to purchase a single tenant NNN leased investment located in Las Vegas, NV that is fully occupied by PT’s Gold on brand new 15 year lease with a corporate guaranty from Golden

119,000 VPD 215 Entertainment, Inc. (NASDAQ: GDEN). The subject property is ideally positioned on a hard corner signalized intersection providing great visibility and easy access off Blue Diamond Rd. (Hwy 160) which is the main East/West thoroughfare leading

W. WARM SPRINGS RD. the surrounding residential communities to the I-15 and Las Vegas Strip/McCarran

S. DURANGO DR. DURANGO S. 15 International Airport.

109,000 VPD S. DECATUR BLVD. Additionally, the surrounding 3-mile radius is undergoing tremendous growth with over 41% increase in population from 2010 - 2018 and an additional 12.5% population growth expected by 2023. This is an excellent opportunity to purchase a brand new construction NNN leased investment with 15 years remaining, occupied by an internet resistant tenant, guaranteed by a credit rated company (NASDAQ:

S. RAINBOW BLVD. GDEN), in an area of tremendous growth and solid real estate fundamentals.

160 S. FORT APACHE RD. APACHE FORT S. BLUE DIAMOND RD. 39,000 VPD

2 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 3 PRICING DETAILS LIST PRICE $4,098,000 INVESTMENT HIGHLIGHTS

CAP RATE 5.50% Absolute NNN Investment - Ease of Management • PT’s Gold - Parent Company is Golden Entertainment, Inc. (NASDAQ: GDEN) ANNUAL RENT $225,600 Rated “B2-Stable” by Moody’s Taxes NNN • Corporate Guaranty from Golden Entertainment, Inc. - $517MM Market Cap (2/14/19) Insurance NNN • Brand New Construction - Long Term 15 Year NNN Lease - Ideal 1031 Exchange

CAM NNN • Attractive Inflation Hedge - 10% Increases Every 5 Years Including Option Periods • Tenant Pays Expenses Directly - Coupon Clipper Asset LEASE ABSTRACT • Barriers to Entry - Tavern License Runs with the Land Tenant Trade Name PT’s No other Tavern can Open within 2,000 Feet of Property Lease Start August 8, 2018 • Multiple Retail Developments for the Immediate Area Expiration August 31, 2033 • Over 31,000 SF of Retail/Medical Development Planned for Adjacent Parcels • Tenants Include 7-Eleven and Hospital Corporation of America (HCA) Lease Term 15 Years

Term Remaining On Lease 14+ Years PT’s Entertainment Group is the Largest Traditional Tavern Operator in Base Rent $225,600 • Subject Property is the 60th Tavern Location for PT’s Gold 9/1/2023: $248,160 • Voted “Best Happy Hour” in the Las Vegas Weekly’s Best of Vegas 2018 Rental Adjustments 9/1/2028: $272,976 3 - 5 Year Options 10% Increases Each Option Hard Corner Signalized Intersection - Great Visibility - Easy Access Option Periods 9/1/2033: $300,276 • Tremendous Growth - 41% Increase in Population in the 3 Mile Radius since 2010 9/1/2038: $330,300 9/1/2043: $363,336 • Over 12% Expected Growth in Population by 2023 for the 3 Mile Radius Lease Type NNN Lease • Strong Demographics - Over 92,952 Residents within a 3 Mile Radius • Average Household Income of $91,000 within a 3 Mile Radius Roof Tenant Responsible

Structure & Foundation Landlord Responsible 4 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 5 S. EL CAPITAN WAY CAPITAN EL S. PARCEL DETAILS APN 176-20-601-021 Building Size 5,340 SF HIGH BARRIERS Land Size .79 Acres

TO ENTRY 12,000 VPD 12,000

BUREAU OF LAND MANAGEMENT BUREAU OF LAND MANAGEMENT BUREAU OF LAND MANAGEMENT BLUE DIAMOND RD. 39,000 VPD 160

BUREAU OF LAND MANAGEMENT

6 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 7 PT’S GOLD TENANT OVERVIEW About PT’s Entertainment Group PT’s Entertainment Group, a division of Golden Entertainment, Inc., is the largest traditional tavern operator in Nevada with 60 locations in the state. Voted “Best GAMING BAR Happy Hour” in the Las Vegas Weekly’s Best of Vegas 2018, the company’s taverns BAR FOOD include PT’s Pub, PT’s Gold, PT’s Ranch, PT’s Brewing Co., Sean Patrick’s, Sierra HAPPY HOUR Gold and SG Bar. PT’s Entertainment Group operates approximately 950 gaming SPORTS BAR IRISH PUB devices. More information is available at pteglv.com, on Facebook and Instagram. POWER LUNCH AMERICAN TRADITIONAL FOOD All PT’s Entertainment Group taverns are open 24 hours daily and serve a variety PLACE TO HAVE A BEER PLACE TO SHOOT POOL of dishes available for breakfast, lunch, dinner and dessert. Breakfast selections include pancakes, omelets, and various egg dishes; appetizer selections include tacos, pizzas, sliders and other bar bites; lunch and dinner selections include burgers, wraps, sandwiches, wings and other entrées; and dessert selections include cookies, ice cream and more. Signature cocktails, as well as a variety of PT’s craft and import beer, are also available at all locations.

About Golden Entertainment, Inc. BEST BAR BEST HAPPY HOUR Golden Entertainment, Inc. owns and operates gaming properties across two BEST SPORTS BAR divisions – resort and casino operations and distributed gaming. The Company operates more than 16,200 gaming devices, 114 table games, 5,168 hotel rooms, and provides jobs for approximately 7,000 team members. Golden Entertainment owns eight casino resorts – seven in Southern Nevada and one in Maryland. Through its distributed gaming business in Nevada and Montana, Golden Entertainment SG – BEST BAR PT’S BREWING CO – BEST BREWERY operates video gaming devices at over 1,000 locations and owns nearly 60 traditional taverns in Nevada. The Company is licensed in Illinois to operate video gaming terminals.

PT’S ENTERTAINMENT GROUP OVER 50 LOCATIONS IN THE VALLEY

8 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 9 Downtown Summerlin® The Las Vegas Valley is a major metropolitan area in the southern part of Nevada with easy access to the Las Vegas Strip, Downtown Summerlin®, the Arroyo Crossing shopping district, and Town Square. The convenient Downtown Summerlin® location is just minutes from local area transportation corridors, allowing young adults and families quick access to the city core and surrounding attractions.

Since the 1990s the Las Vegas Valley has seen rapid growth, more than doubling its population of 741,459 in 1990 to 2,227,053 estimated in 2018. The Las Vegas Valley remains one of the fastest growing metropolitan areas in Las Vegas Strip the U.S., and in its relatively short history has established a diverse presence The Arroyo Market Square in international business, commerce, urban development and entertainment, Arroyo Crossing as well as one of the most iconic and most visited tourist destinations in the world. New Communities in the Las Vegas Valley Cameron Pointe

• Diamond Trails: With quick access to Red Rock Recreation Area Town Square and Consumer Inspired Two-Story Homes

• Cameron Pointe: Beautiful single family community in the southwest. Diamond Trails • Cumberland Ranch: New Homes for Sale – Las Vegas, NV Town Square • Serene Canyon: Close to Downtown Summerlin • Reserves at Serene Canyon - Conveniently Located Near Shopping, Dining and Entertainment - Down the Street from Rhodes Ranch Golf Club Serene Canyon - Easy Access to I-215 and I-15 Reserves at Serene Canyon Cumberland Ranch 10 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 11 Tourism in Las Vegas MARKET OVERVIEW An improving economy in 2017 and overall greater confidence Las Vegas is the 28th-most populated city in the United States, the most populated city in the state of Nevada, and the county seat of Clark County. in one’s personal finances are reflected in various Las Vegas The city anchors the Las Vegas Valley metropolitan area and is the largest city within the greater Mojave Desert. Las Vegas is an internationally spending measures. Visitors in 2017 reported spending more renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as a whole on food and drink than in the past five years, and spending serves as the leading financial, commercial, and cultural center for Nevada. 42 Million Visitor Volume 6.5 Million Convention Attendance more on lodging, local transportation, and sightseeing since 2017 YTD 2017 YTD 2015. Similar to 2016, these visitors were more likely to pay a regular room rate or a package rate, and less likely to pay a $9.9 Billion Gaming Revenue casino or casino complimentary rate. 2017 YTD About Nine in Ten (89%) Visitors who Gaming behavior continued to reflect the enhanced definition Gambled said they Gambled on the Strip Corridor of Las Vegas as the “entertainment capital” of the world. Specifically, the proportion of Las Vegas visitors who gambled increased from last year to about three-quarters, while the amount of time they spent gambling was the lowest observed over the past five years, at just over one and a half hours.

Trip Characteristics And Expenditures • Forty-six percent (46%) of Las Vegas visitors arrived by air, with 54% arriving via ground transportation, the same as last year • The average adult party size in 2017 was 2.3 persons, up from 2.2 in 2015 • Over the course of their entire stay in Las Vegas, 2017 visitors spent much more than in each of the past five years on food and drink. Indeed, the amount spent on food and drink (mean of $376.97) was over $50 higher than last year’s average 12 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 13 Transportation Colleges and Universities Interstates 15, 515, and US 95 lead out of the city in The College of Southern Nevada (the third largest four directions. Two major freeways – and community college in the United States by enrollment) Interstate 515/U.S. Route 95 – cross in downtown Las is the main higher education facility in the city. Other institutions include the University of Nevada School of Vegas. I-15 connects Las Vegas to Los Angeles, and Medicine, with a campus in the city, and the for-profit heads northeast to and beyond . private school Le Cordon Bleu College of Culinary Arts.

Educational opportunities exist around the city; among McCarran International Airport them are the University of Nevada, Las Vegas and Nevada McCarran International Airport is the primary commercial State College, Desert Research Institute, The International airport serving the Las Vegas Valley, a major metropolitan Academy of Design & Technology Las Vegas and Touro area in Nevada. It is in Paradise, about 5 miles south University Nevada. of . The airport is owned by Clark County and operated by the Clark County Department of Aviation. The airport has nonstop air service to destinations in North America, Europe, and Asia.

McCarran Received Over 48,505,756 Passengers in 2017

27th Busiest Airport in the World by Passenger Traffic and the 8th Busiest by Aircraft Movements 14 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 15 Economic Summary 27,300 Jobs Created 2017 Las Vegas’s recovery continues, led by tourism and consumer spending. As of June 2.9%. Year-Over-Year Growth 2017, approximately 27,300 jobs had been created over the past year, which equates Key to Sustaining Growth will be the to year-over-year growth of about 2.9%. The key to sustaining this growth will be the Leisure and Hospitality Sector leisure and hospitality sector. With nearly one in three jobs based in the sector, the metro’s economic success is inherently tied to tourism. And based on stats from the Las Vegas Convention and Visitors Authority, things appear to be only looking up. The metro attracted a record 42 million visitors in 2015, over 2.5 million more than the previous 49 Million Visitors in 2017 high in 2012, and 2016 matched that number. A strengthening national economy will 7 Billion LV Strip certainly help Las Vegas’s cause as increased disposable income encourages, even Gross Gaming Revenue more, tourists and attracts visitor dollars to the metro.

Home prices are shooting up year-over-year and new home sale rates have significantly improved. This has led to more construction in the area. Construction jobs are expected Home Prices Shooting Up to gain the most during this recovery as large projects on the Strip such as Genting Las Vegas Home Prices have Group’s $4 billion Resorts World Las Vegas take shape along with the MGM-AEG arena. been Rising at one of the Fastest That project alone is expected to add 30,000 constructions jobs. There is an emphasis Rates in the Country on diversifying Las Vegas’s economy and making sure there is not an over-reliance on construction. Projects like the Tesla factory in Reno and attracting additional healthcare related jobs have been discussed. Two major hospitals provide the bulk of employment Long Term Employment Projections in the NorthWest Las Vegas submarket. 1 in 3 Jobs Based in the Hospitality Sector

Long Term Employmnet & Projections, 2014-2024 350,000

300,000

250,000

200,000

150,000

100,000

50,000

- Construction Ret ail Trade Educational Services Health Care and Social Accommodation and Food Assistance Ser vices

2014 Employment 2024 Employment 2014 - 2024 Total Change

16 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 17 LAS VEGAS STRIP STATS LAS VEGAS STRIP STATS

Las Vegas Strip Generated $6.46 Billion in Gaming Revenue Las Vegas Strip Gaming Revenues are Up 5.16% Casinos Earning More than $72M/Year 85,104 (2017) (2.6x More any Other U.S. City) Slot Win Up 2.05% and Game Win Up 8.32% Revenues Up Almost 4% from 2016 – 2017 Total Average Number of Employees for All Casinos Casino Trends (February to July 2018) – UNLV Center for Gaming Research Casino Trends (February to July 2018) Occupancy Rate of 93.5% for 2017 & 93.1% in 2016 3,546 (2017) UNLV Center for Gaming Research Total Average Number of Employees per Casino

18 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 19 POPULATION DENSITY HOUSEHOLD INCOME 171,832 + RESIDENTS $$ $90,522 AHHI WITHIN 5-MILE RADIUS WITHIN 3-MILE RADIUS

Population 1-MILE 3-MILE 5-MILE Income 1-MILE 3-MILE 5-MILE

Estimated Population (2018) 22,431 78,597 171,832 Avg. Household Income (2018) $83,472 $90,522 $88,431

Projected Population (2023) 24,966 88,262 191,872 Median Household Income (2018) $70,731 $74,218 $72,168

Households 1-MILE 3-MILE 5-MILE Business Facts 1-MILE 3-MILE 5-MILE

Estimated Households (2018) 8,069 28,568 61,874 Total # of Businesses (2018) 128 916 4,152

Projected Households (2023) 8,961 31,987 68,918 Total # of Employees (2018) 620 6,785 39,550

20 PT’S Gold | Las Vegas, NV PT’S Gold | Las Vegas, NV 21 For More Information Contact:

This Offering Memorandum contains select information pertaining to Owner and Colliers International expressly reserve the right, at their Eric Carlton the business and affairs of PT’s Gold, Las Vegas, NV. It has been sole discretion, to reject any and all expressions of interest or offers to Executive Vice President prepared by Colliers International. This Offering Memorandum may purchase the Property and to terminate discussions with any person License No. S.0172067 not be all-inclusive or contain all of the information a prospective or entity reviewing this Offering Memorandum or making an offer 949.724.5561 purchaser may desire. The information contained in this Offering to purchase the Property unless and until a written agreement for Memorandum is confidential and furnished solely for the purpose of the purchase and sale of the Property has been fully executed and [email protected] a review by a prospective purchaser of the Property. It is not to be delivered. used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The If you wish not to pursue negotiations leading to the acquisition of PT’s material is based in part upon information supplied by the Seller and Gold, Las Vegas, NV. or in the future you discontinue such negotiations, in part upon financial information obtained from sources it deems then you agree to purge all materials relating to this Property including reliable. Owner, nor their officers, employees, or agents makes any this Offering Memorandum. representation or warranty, express or implied, as to the accuracy or A prospective purchaser’s sole and exclusive rights with respect to completeness or this Offering Memorandum or any of its contents and this prospective transaction, the Property, or information provided no legal liability is assumed or shall be implied with respect thereto. herein or in connection with the sale of the Property shall be limited Prospective purchasers should make their own projections and form to those expressly provided in an executed Purchase Agreement and their own conclusions without reliance upon the material contained shall be subject to the terms thereof. In no event shall a prospective herein and conduct their own due diligence. purchaser have any other claims against Seller or Colliers International By acknowledging your receipt of this Offering Memorandum from or any of their affiliates or any of their respective officers, Directors, Colliers, you agree: shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing 1. The Offering Memorandum and its contents are confidential; or sale of the Property. 2. You will hold it and treat it in the strictest of confidence; and This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has 3. You will not, directly or indirectly, disclose or permit anyone been no change in the state of affairs of the Property since the date else to disclose this Offering Memorandum or its contents in this Offering Memorandum. any fashion or manner detrimental to the interest of the Seller.

Colliers International | 3960 Howard Hughes Parkway, Suite 150 | Las Vegas, NV 89169 Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s) 2015. All rights reserved

22 PT’S Gold | Las Vegas, NV