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Featured on Bar Rescue & Food Paradise! Real Estate

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Featured on Bar Rescue & Food Paradise! Real Estate FEATURED ON BAR RESCUE & FOOD PARADISE! REAL ESTATE & BUSINESS SALE 15 GAMING MACHINES CONFIDENTIAL: DO NOT DISTURB BUSINESS Contents 1 Executive Summary 7 Aerials & Plans 14 Market Overview Brokerage Team GINO VINCENT, CCIM KELLI NAZIRI LOGIC Commercial Real Estate Senior Vice President Team Strategist 3900 W. Hualapai Way, Ste. 200 702.954.4113 702.954.4103 Las Vegas, NV 89147 [email protected] [email protected] 702.888.3500 BS.0000138.LLC S.192972 www.logicCRE.com BUSB.0000189.DES 1 Executive Summary Property Overview Property Details Investment Highlights EXECUTIVE SUMMARY EXECUTIVE Property Overview Offering Snapshot LOGIC Commercial Real Estate is pleased to present the opportunity to acquire the Bacon Bar, a bar and restaurant opportunity with 15 gaming machines. The Bacon Bar is one of the most renowned projects featured on Paramount TV’s Bar Rescue, providing the restaurant with excellent exposure and a constant influx $2,995,000 15 of tourists in addition to their regular clientele. The business is located at 3520 N. Asking Price Gaming Machines Rancho Dr., less than two miles east of the US-95 Freeway with strong traffic counts consisting of +/- 26,300 cars per day (CPD). The property is situated in a densely populated area with over 448,000 residents within a five-mile radius. The building is +/- 6,562 square feet constructed in 1998 and located on an oversized lot of +/- 1.25 acres. It features a full-service kitchen, large bar with 15 gaming +/-6,562 SF +/-1.25 AC machines, separate dining area, and a craft beer wall. The Bacon Bar provides an Square Footage Land Size opportunity for an owner/operator to acquire and operate a well-established bar and restaurant in northwest Las Vegas with a privileged liquor and gaming license. The information herein was obtained from sources deemed reliable; however Logic Commercial Real 2 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. EXECUTIVE SUMMARY EXECUTIVE Property Details Location Building Size 3520 N. Rancho Dr. +/-6,562 SF Las Vegas, NV 89130 Land Size Year Built Bacon Bar features 42 draft +/-1.25 AC 1998 beers & a vast selection of craft bottles, attracting Parcel Number Zoning enthusiasts nationwide. 138-12-315-010 General Commercial District (C-2) The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 3 EXECUTIVE SUMMARY EXECUTIVE In 2013, Bacon Bar, formerly Kerry’s Sports Pub at the time In 2017, Bacon Bar was featured on Travel Channel’s Food of filming, was featured on Paramount Network’s Bar Rescue. Paradise. Season 10, Episode 13: Better With Bacon featured On the show, bar industry expert, Jon Taffer, steps in to help the best restaurants in America serving bacon. Bacon Bar struggling owners turn their bar around. With Kerry’s Sports presented two signature dishes; “Bacon and Beer Battered Pub, Jon encouraged management to replace less reliable Fish and Chips” served with chipotle tartar sauce and “Bacon bartenders with more experienced workers and provided them Wrapped Chicken Wings” topped with honey teriyaki sauce. with upgraded technology to better track liquor sales to improve The show highlights the bacon-inspired menu and has profits. But most notably, Jon rebranded Kerry’s as Bacon Bar, contributed to the Bacon Bar being a must-try destination giving the inside of the bar, as well as the outside and signage a while in Las Vegas. completely renovated and unique look. Additionally, Jon’s team of experts trained bartenders and cooks with new drink and food recipes featuring bacon as a key ingredient, setting it apart from Episodes: the other 200 sports bars in the city. The change in concept led to a significant increase in sales and Bacon Bar, as we know it Season 10, Episode 13 today, has become widely recognized as a destination for foodies and fans of Bar Rescue. Due to Bacon Bar’s success, five years later in 2018, Bar Rescue did a follow-up episode which has only fueled the bar’s prosperity and following nationwide. Episodes: Season 3, Episode 22 Season 6, Episode 45 The information herein was obtained from sources deemed reliable; however Logic Commercial Real 4 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. EXECUTIVE SUMMARY EXECUTIVE Investment Highlights +/- 6,562 SF Featured on Bar Rescue & Real Estate Bar & Restaurant w/ Food Paradise w/ Tourist & 34 High-Definition TV’s and Business Sale 15 Gaming Machines Local Following Tripadvisor Rating Oversized Lot Traffic Counts of 42 Draft Beers & Vast at 4.5 Stars at +/- 1.25 AC +/-26,300 on Rancho Dr. Selection of Craft Bottles The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 5 EXECUTIVE SUMMARY EXECUTIVE Business Overview Business Summary Gaming Summary Name: Bacon Bar License Type: Restricted - 15 machines Slot Route Golden Route Jurisdiction: City of Las Vegas Operator: Operations, LLC 07/22/2022 Size: +/- 6,562 SF Agreement Expiration: (1 yr. auto renewals) 80% / 20% graduates # Of Employees: 15 full-time, 12 part-time Gaming Split: to 90% / 10% Owner Hours: 40 / week Year Business Established: October 20, 2013 Financial Summary Surveillance System: 16 cameras * Financial information available to qualified buyers Occupancy: 297 FF&E, goodwill, intellectual Sale Includes: property & licenses based on buyer approval The information herein was obtained from sources deemed reliable; however Logic Commercial Real 6 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 7 Aerials & Plans Demographics Vicinity Map Aerials Site Plan Floor Plan MAPS, AERIALS, & PLANS AERIALS, MAPS, Key Facts: 5-Mile Radius Full Demographic Report Population 1-mile 3-mile 5-mile 448,372 392,922 2021 Population 17,669 173,247 448,372 Total Population Daytime Population 2026 Population 18,870 185,419 480,334 Annual Growth 2010 - 2021 0.92% 0.86% 0.83% Annual Growth 2021 - 2026 1.32% 1.37% 1.39% 11,096 122,974 # of Businesses Total Employees Income 1-mile 3-mile 5-mile 2021 Average Household Income $77,247 $71,714 $78,387 2026 Average Household Income $87,550 $80,774 $88,687 0.8% $334,682 2021 Per Capita Income $26,999 $25,267 $27,404 2026 Per Capita Income $30,611 $28,433 $30,915 2010-2019 Population Growth Median Home Value Households 1-mile 3-mile 5-mile 2021 Total Households 6,157 61,077 156,349 2026 Total Households 6,579 65,310 167,679 Housing 1-mile 3-mile 5-mile Key Spending Facts: 5-Mile Radius 2021 Total Housing Units 6,969 67,568 173,134 2021 Owner Occupied Housing Units 3,546 35,229 95,620 $3,000 $2,701.9 2021 Renter Occupied Housing Units 2,687 26,817 63,124 $2,500 $2,140.86 $2,000 $1,824.53 2021 Vacant Housing Units 812 6,491 16,785 $1,500 2026 Total Housing Units 7,451 72,368 185,919 $1,000 $885.41 2026 Owner Occupied Housing Units 3,890 38,629 104,501 $554.44 $500 2026 Renter Occupied Housing Units 2,689 26,681 63,177 $0 2026 Vacant Housing Units 872 7,058 18,240 Travel Transportation Apparel Entertainment Furniture Spending facts are average annual dollars per household The information herein was obtained from sources deemed reliable; however Logic Commercial Real 8 Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. MAPS, AERIALS, & PLANS AERIALS, MAPS, RENO Centennial Vicinity Map Hills GRAND TETON GRAND TETON Aliante FARM FARM SUBJECT UTAH ELKHORN ELKHORN HUALAPAI DEER SPRINGS DEER SPRINGS DEER SPRINGS DECATUR 5TH PECOS LOSEE CENTENNIAL REVERE CENTENNIAL TROPICAL TROPICAL TROPICAL ANN ANN ANN LAS VEGAS BLVD JONES ALLEN DECATUR CLAYTON SIMMONS COMMERCE GRAND CANYON LONE MOUNTAIN LONE MOUNTAIN LONE MOUNTAIN CRAIG LAMB CRAIG CRAIG ALEXANDER ALEXANDER LOSEE ALEXANDER NELLIS PECOS JONES HUALAPAI CHEYENNE CHEYENNE CHEYENNE North Las Vegas LAK D E A COMMERCE CIVIC CENTER CIVIC ME SMOKE RANCH MARTIN L KING CAREY LOSEE LAS VEGAS BLVD CAREY LAKE MEAD LAKE MEAD LAKE MEAD VEGAS DR VEGAS DR OWENS EASTERN FAR HILLS Downtown WASHINGTON RAMPART DECATUR Summerlin JONES Las Vegas BONANZA ALTA ALTA PECOS STEWART FREMONT CHARLESTON CHARLESTON LAMB NELLIS CHARLESTON BOULDER HWY JONES DECATUR EASTERN BUFFALO DURANGO RAINBOW MARYLAND SAHARA CHARLESTON SAHARA SAHARA LAS VEGAS BLVD SAHARA DOWNTOWN VEGAS VALLEY SUMMERLIN VEGAS VALLEY LAMB PARADISE DESERT INN DESERT INN DESERT INN McCLEOD DESERT INN SPRING MOUNTAIN SPRING MOUNTAIN TOWN CENTER TWAIN TWAIN THE STRIP SANDHILL FLAMINGO FLAMINGO MARYLAND FLAMINGO Summerlin PEACE WAY HARMON HARMON South TROPICANA TROPICANA TROPICANA BOULDER HWY NELLIS HACIENDA HACIENDA EASTERN RUSSELL RUSSELL RUSSELL PECOS PATRICK LAKE MEAD PKWY MOUNTAIN VISTA MOUNTAIN DECATUR JONES SUNSET LAS VEGAS BLVD SUNSET RAINBOW DURANGO SUNSET BUFFALO STEPHANIE WARM SPRINGS FORT APACHE WARM SPRINGS WARM SPRINGS ROBINDALE WARM SPRINGS ROBINDALE BERMUDA PARADISE WINDMILL GIBSON WINDMILL ARROYO GRANDE ARROYO BURKHOLDER GREEN VALLEY PKWY GREEN VALLEY BLUE DIAMOND BLUE DIAMOND VERDE VALLE LAKE MEAD PKWY PAHRUMP PEBBLE PECOS BOULDER CITY BOULDER HWY HORIZON RIDGE PKWY Mountain’s Edge SILVERADO RANCH EASTERN Henderson HORIZON EQUESTRIAN MARYLAND BERMUDA DECATUR CACTUS FORT APACHE CACTUS RAINBOW BUFFALO Anthem LAS VEGAS BLVD Southern EASTERN Highlands ST ROSE PKWY VOLUNTEER CALIFORNIA The information herein was obtained from sources deemed reliable; however Logic Commercial Real Estate makes no guarantees, warranties or representation as to the completeness or accuracy thereof. 9 MAPS, AERIALS, & PLANS AERIALS, MAPS, Major Landmarks Power Centers Neighborhood Centers Airports Planned Communities Golf Courses Hospitals Schools Casinos W.
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