1235 E Pebble Rd - Restaurant FOR SALE


Las Vegas, NV 89123
$4,100,000 USD
702-271-2600
1235 E Pebble Rd, Las Vegas, NV for Sale
$4,100,000 USD
Restaurant - FOR SALE
1/6
null | 5.5% Cap Rate

1235 E Pebble Rd
Las Vegas, NV 89123


HIGHLIGHTS

  • NEW 15 YR Absolute NNN Lease
  • Excellent Visibility at DOUBLE SECTION LINE / SEC at Pebble Rd and Maryland Pkwy / Dense & Mature Demographics & Strong Local Economy
  • Tavern Gaming Entitlement runs with the property
  • Open 24 Hours
  • Seasoned Operator in Business since 2001
  • 2% Annual increases starting YR 6

OVERVIEW

Brand Real Estate is pleased to present this opportunity to acquire a STNL freestanding restaurant/tavern located in a densely populated neighborhood in Las Vegas, NV. The property consists of a ±3,800 SF freestanding building situated on a ±0.63 acre corner lot parcel and benefits from a coveted restricted gaming license entitlement*. The property runs with a valuable and privileged Gaming License: Entitlement allowing for 15 gaming machines. *Codified distance requirements between taverns restrict new tavern developments and competition. The asset is well positioned at the signalized intersection of Pebble Road and Maryland Parkway with traffic counts in excess of ±28,532 VPD. There are approximately ±77,123 single-family homes and ±98,690 multi-family units within a 3-mile radius. The property is surrounded by public schools, magnet schools, and trade academies, along with nearby parks and community centers – and draws a daytime population of ± 210,425 consumers within a 3-mile radius .*Buyer/Landlord will need to apply for Landlord suitability through the Nevada Gaming Board.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$1,171 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mulligan’s 1235 E Pebble Rd, Las Vegas NV

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

Commercial General (CG)

APN/PARCEL ID

177-23-113-002

ASK ABOUT THIS PROPERTY

John MendozaCommercial Land Advisors, LLCMore Info
702-271-2600

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John MendozaCommercial Land Advisors, LLCMore Info
702-271-2600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.