This Property is no longer advertised on Showcase.com.
Off Market
1/10

11829 Renton Ave S
Seattle, WA 98178


HIGHLIGHTS

  • Absolute NNN, No Landlord responsibilities
  • Guarantor generates $300 million of Revenue
  • Long term cashflow
  • Rare and Valuable Gaming Entitlements

OVERVIEW

Cardo Realty is pleased to present for acquisition a best in class, absolute NNN ground lease providing a long term stable income stream with minimal Landlord responsibilities. The property is ground leased to a wholly owned entity of Maverick Gaming, LLC, a multi-regional leading gaming company with over $300 million in annual revenues. The property includes both gaming, restaurant and retail uses. Roman Casino, the gaming operation at the property, was the highest grossing card room of the 61 card rooms in Washington state in 2018. The card room gaming designation in Washington is very difficult to obtain and extremely valuable to a property. Washington card rooms may have up to 15 tables and offer blackjack, Caribbean stud poker, Let it Ride, baccarat, and most other card games once approved by state gaming regulators. Card rooms are regulated by the Washington State Gambling Commission. Maverick Gaming, LLC owns and operates 31 casinos and card rooms across Nevada (5), Washington (23) and Colorado (3). In addition to the gaming operations, certain properties have hotel operations, F&B establishments, retail establishments and gas stations. Maverick Gaming, LLC's 2019 revenues totaled over $300 million. Visit www.maverickgaming.com/.com for more information.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Roman Casino - Absolute NNN

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

37000

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.55 AC AC

LAND SF

198,198 SF

ZONING

-

APN/PARCEL ID

122304-9027