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Turn-Key/Fully Renovated Gaming Tavern 4230 E AVAILABLE FOR SALE AND LEASE TURN-KEY/FULLY RENOVATED GAMING TAVERN 4230 E. CRAIG ROAD, NORTH LAS VEGAS, NV 89030 Capital Markets | Investment Properties www.cbre.us/lasvegas AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE, Inc. operates within a global family of companies with many purchase of the Property. The information contained in this Memorandum has subsidiaries and related entities (each an “Affiliate”) engaging in a broad been obtained from sources believed to be reliable, but has not been verified range of commercial real estate businesses including, but not limited to, for accuracy, completeness, or fitness for any particular purpose. All brokerage services, property and facilities management, valuation, investment information is presented “as is” without representation or warranty of any fund management and development. At times different Affiliates, including kind. Such information includes estimates based on forward-looking CBRE Global Investors, Inc. or Trammell Crow Company, may have or assumptions relating to the general economy, market conditions, competition represent clients who have competing interests in the same transaction. For and other factors which are subject to uncertainty and may not represent the example, Affiliates or their clients may have or express an interest in the current or future performance of the Property. All references to acreages, property described in this Memorandum (the “Property”), and may be the square footages, and other measurements are approximations. This successful bidder for the Property. Your receipt of this Memorandum Memorandum describes certain documents, including leases and other constitutes your acknowledgement of that possibility and your agreement that materials, in summary form. These summaries may not be complete nor neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such accurate descriptions of the full agreements referenced. Additional Affiliates’ interest or involvement in the sale or purchase of the roperty.P In all information and an opportunity to inspect the Property may be made instances, however, CBRE, Inc. and its Affiliates will act in the best interest of available to qualified prospective purchasers. You are advised to their respective client(s), at arms’ length, not in concert, or in a manner independently verify the accuracy and completeness of all summaries and detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their information contained herein, to consult with independent legal and financial respective businesses in a manner consistent with the law and all fiduciary advisors, and carefully investigate the economics of this transaction and duties owed to their respective client(s). Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in The Owner expressly reserves the right, at its sole discretion, to reject any or determining whether you desire to express further interest in the acquisition of all expressions of interest or offers to purchase the Property, and/or to the Property, (ii) you will hold it in the strictest confidence, (iii) you will not terminate discussions at any time with or without notice to you. All offers, disclose it or its contents to any third parties without the prior written counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) nor the Owner shall have any legal commitment or obligation except as set you will not use any part of this Memorandum in any manner detrimental to forth in a fully executed, definitive purchase and sale agreement delivered by the Owner or CBRE, Inc. the Owner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a © 2020 CBRE, Inc. All Rights Reserved TURN-KEY/FULLY RENOVATED GAMING TAVERN CONTACT US Roy Fritz, CCIM Michael K. Hsu First Vice President First Vice President +1 702 369 4853 +1 702 369 4866 [email protected] [email protected] Lic. S.0169670 Lic. S.0051609 Dylan Heroy Associate +1 702 369 4836 [email protected] Lic. S.0185856 TABLE OF CONTENTS 05 Deal Summary 06 Property Photos 07 Floor Plan 08 Area Overview 11 Why Las Vegas © 2020 CBRE, Inc. All Rights Reserved N. LAMB BOULEVARD | ±24,200 CPD New Construction Wendy’s opening in 2021 E. CRAIG ROAD | ±34,000 CPD DEAL SUMMARY TURN-KEY/FULLY RENOVATED GAMING TAVERN THE DEAL NEVADA STYLE GAMING TAVERN INCLUSIVE OF RESTRICTED GAMING LICENSE (15 MACHINES) AND FULL LIQUOR LICENSE + Be the Las Vegas Raiders Gaming Tavern for all the locals for the 2021Las Vegas Raiders season + Fully built-out restaurant that includes virtually all kitchen equipment including large walk-in keg cooler and freezer + All furniture and fixtures in bar area ready-made for gaming + Unique oversized rear lot can be utilized for large outdoor events (Raiders tailgate, etc.) + Daily Traffic counts exceeding 58,000 on the corner of Craig Road & Lamb Boulevard + Adjacent to high volume Rebel Gas station + Slot route contract and gaming machines are available with separate contract + Brand new Wendy’s under construction across the street DEAL TERMS FOR SALE FOR LEASE Asking Price: $1,499,000 Asking Lease Rate: $9,000/Month (NNN) Price Per SF: $339 Estimated CAMs: $0.40/SF + Building Size + Term ±4,424 SF 5 Year+ + Site Size + Zoning ±0.79 Acres M-2 + Year Built / Renovated + Parking 2004 / 2017 13.63/1,000 (60 parking spaces) DEAL SUMMARY 5 PROPERTY PHOTOS TURN-KEY/FULLY RENOVATED GAMING TAVERN Tequila's Taco Cantina Prepared: 08/23/17 FLOOR4230 PLAN East Craig Road North Las Vegas, NV 89081 Universal Sq. Ft. 5,269 Purpose of Submission: Gaming Sq. Ft. 476 Retail Sq. Ft. 2,805 Revision to show Gaming Sq. Ft. = 1 Ft Scale 15 91'-316" Can Wash Trash Enclosure Service Yard ATM Arcade Arcade Arcade Mach. Mach. Mach. Office #1 Womens Restroom Mens Restroom Kitchen Pool Table Storage Beer Cooler 13 20'-616" 5'-8 9 " 5'-9" 16 3 57'-88" Point of Supervision Non-Gaming Non-Gaming Table Table Bar Taps, Storage. Register Bar Taps, Storage. Non-Gaming Table Liquor 9 14'-6 " 14'-711" Non-Gaming Non-Gaming Non-Gaming Non-Gaming Table Table Non-Gaming Table Table 16 16 Table Non-Gaming Table Restaurant / Dining Non-Gaming Bar Taps, Storage. Non-Gaming Table Table Non-Gaming Non-Gaming Non-Gaming Table Table Table Non-Gaming Table Non-Gaming Cigarette Table Jukebox Mach. DEAL SUMMARY 7 N. LAMB BOULEVARD | ±24,200 CPD E. CRAIG ROAD | ±34,000 CPD AREA OVERVIEW TURN-KEY/FULLY RENOVATED GAMING TAVERN SURROUNDING AERIAL MAP AREA ovERVIEW 9 AREA DEMOGRAPHICS POPULATION 1 Mile 2 Miles 3 Miles 2020 Population 17,328 50,112 101,519 2025 Population 18,715 54,708 110,851 HOUSEHOLD 1 Mile 2 Miles 3 Miles 2010 Households 4,619 12,856 25,343 2020 Households 5,166 15,546 29,932 2025 Households 5,572 17,002 32,735 2020 Average Household Size 3.35 3.13 3.32 INCOME 2020 1 Mile 2 Miles 3 Miles Under $15,000 13.1% 16.3% 14.3% $15,000 - $24,999 12.7% 13.9% 11.6% $25,000 - $34,999 14.2% 14.1% 12.8% $35,000 - $49,999 17.5% 16.5% 16.7% $50,000 - $74,999 18.2% 17.1% 17.9% $75,000 - $99,999 12.2% 10.0% 11.8% $100,000 - $149,999 8.8% 8.6% 10.7% $150,000 - $199,999 2.5% 2.2% 2.6% $200,000 and Over 0.7% 1.2% 1.7% 2020 Median Household Income $42,245 $39,029 $44,057 2020 Average Household Income $54,494 $52,778 $58,598 RACE AND ETHNICITY 2020 1 Mile 2 Miles 3 Miles White 30.9% 35.3% 36.8% Black or African American 26.3% 25.6% 22.6% Asian 4.2% 4.3% 4.8% American Indian & Alaska Native 0.9% 1.0% 0.9% Pacific Islander 0.8% 0.9% 0.8% Other Race 31.5% 26.9% 27.9% Two or More Races 5.3% 6.2% 6.3% White Non-Hispanic 12.1% 18.8% 17.9% You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. © 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.
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