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15 Year Corporate Nnn Lease Brand New Construction 15 YEAR CORPORATE NNN LEASE BRAND NEW CONSTRUCTION Single Tenant NNN Lease Investment 8985 Blue Diamond Road, Las Vegas, 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. S. RAINBOW 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 Nevada 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 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 LAS VEGAS VALLEY 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.
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