TURN-KEY/FULLY RENOVATED GAMING TAVERN - AVAILABLE FOR SALE AND LEASE
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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 Property. 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
T U R N - K E Y / F U L LY R E N O V AT E D G A M I N G TA V E R N CONTACT US Roy Fritz, CCIM Michael K. Hsu First Vice President First Vice President +1 702 369 4853 +1 702 369 4866 roy.fritz@cbre.com michael.hsu@cbre.com Lic. S.0169670 Lic. S.0051609 Dylan Heroy Associate +1 702 369 4836 dylan.heroy@cbre.com Lic. S.0185856 TABLE OF CONTENTS 05 Deal Summary 06 Property Photos 07 Floor Plan 08 Area Overview 11 Why Las Vegas
N. LA
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DEAL SUMMARY
T U R N - K E Y / F U L LY R E N O V AT E D G A M I N G TA V E R N
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)
d e al s u m m a ry 5
PROPERTY PHOTOS
T U R N - K E Y / F U L LY R E N O V AT E D G A M I N G TA V E R N
FLOOR PLAN
Tequila's Taco Cantina
4230 East Craig Road North Las Vegas, NV 89081 Purpose of Submission:
Gaming Sq. Ft. 476
Prepared: 08/23/17
Universal Sq. Ft. 5,269
Retail Sq. Ft. 2,805
Revision to show Gaming Sq. Ft.
= 1 Ft Scale
91'-315
16"
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
9"
5'-816 5'-9"
57'-83
8"
Point of Supervision
Non-Gaming Non-Gaming
Table Table
Register
Bar Taps, Storage.
Bar Taps, Storage.
Non-Gaming
Table
Liquor
9"
14'-616 11"
14'-716
Non-Gaming
Non-Gaming
N
N
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Table
Table
Ta Ga
Ta Ga
Ta Ga
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on
on
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ble min
ble min
-
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Non-Gaming
Table
Restaurant / Dining
Bar Taps, Storage.
Non-Gaming
Non-Gaming
Table
Table
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Ta Ga
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Cigarette Non-Gaming
Jukebox Mach.
Table
d e al s u m m a ry 7
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E. CRAIG ROAD | ±34,000 CPD
AREA OVERVIEW
T U R N - K E Y / F U L LY R E N O V AT E D G A M I N G TA V E R N
SURROUNDING AERIAL MAP
a re a ov e r v i e w 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”). CB
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
Information is protected by copyright and shall be fully enforced.
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WHY LAS VEGASWHERE WE LIVE
Iconic. Livable. Eclectic.
WE'RE #1! QUALITY OF
NEVADA'S TOP RANKS LIFE
Most Entrepreneur Friendly
Las Vegas has 294 days of sunshine,
#1
on average
State (Small Business &
Entrepreneurship Council, 2018) National Wilderness Areas 19
National Parks 6
#1 Top Economic Growth—Dream
Index (Forbes, 2017) National Forests 9
Top Trade Show Destination State Parks 6
#1 (Trade Show News Network, 24th
Consecutive Year)
Golf Courses 53
#1 Nevada Population Growth 2017
(U.S. Census Bureau)
NOTABLE
ACCOLADES
#4 Entrepreneur Growth 56.5% HOME OWNERSHIP
(Kaufman Foundation, 2017) COMPARABLE METROPOLITAN REGIONS
RATE
#6 North Las Vegas Millennial
Homeownership (Yahoo Finance, 2019) Median Home Value
$750,000
#9 State Business Climate Index $299,751 (VEGAS)
MEDIAN HOME
(Tax Foundation, 2019) 43.5% $500,000
VALUE (2020)
Renters
McCarran Airport is in top 10 U.S. $309,800 (U.S.) $250,000
airports 56.5%
ESRI $0
Las Vegas is less than one day's drive to Home Owners
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60 million customers and five major
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ports
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LA
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ESRI
4 5T U R N - K E Y / F U L LY R E N O V AT E D G A M I N G TA V E R N
EDUCATION ATTAINMENT WORKFORCE
High School Diploma 2020 24% Pre-recession During recession
Some College 2020 25.70%
HOW WE
1,042,300 910,600
Associate's Degree 2020 8.30% (January 2020) (August 2020)
Bachelor's Degree 2020 16.30%
WORK
U.S. Bureau of Labor Statistics
Advanced Degree 2020 8.60%
ESRI
A Thriving Knowledge Economy Las Vegas ranked 5th on CBRE's 'The Next
10 Tech Markets to Watch' list
TOP EMPLOYERS
2020 Tech 30, CBRE Research
The Tax Foundation 2020 State Business Tax Climate
Index ranks Nevada #7 best state in the U.S. ONE OF THE NATION'S
MOST TAX-FRIENDLY STATES
NO corporate income tax
NO personal income tax
NO franchise tax on income
NO inventory tax
NO inheritance or gift tax
NO unitary tax
NO estate tax ESRI
Occupation Employment
Leisure 24.1%
Professional 14.4%
Government
Education
11.2%
11.1%
24%
in leisure
Retail Trade 11.0%
TOP Construction
Financial
7.7%
5.9%
OCCUPATIONS
Transportation and Warehousing 5.0%
MOSTLY IN
LEISURE & Other 3.1% 14%
in professional
PROFESSIONAL Manufacturing 2.7%
Wholesale Trade 2.4%
U.S. Bureau of Labor Statistics Information 1.0%
10 11
w hy las v e g as 13MAJOR SHOPPING 86 MUSEUMS IN LAS VEGAS
DESTINATIONS
HOW WE SPEND Fashion Show Mall
SELECT TOP MUSEUMS
OUR MONEY
The Neon Museum
Crystals (City Center)
Downtown Summerlin Las Vegas Natural History Museum
Out & About Forum Shops (Caesars Palace) Discovery Children's Museum
Grand Canal Shops at the Venetian
Las Vegas is a top global destination for entertainment, gaming, shopping and dining. The Mob Museum
Galleria at Sunset
We're home to 10 Michelin Star restaurants and a host of world-renowned museums. Nevada State Museum
Town Square
Miracle Mile Shops at Planet Shelby American, Inc.
Hollywood Resort
Hollywood Car Museum
$36.9 BILLION
IN VISITOR SPENDING
LVCVA 2019
PROFESSIONAL SPORTING
NHL Golden Knights
POPULAR NON-GAMING NFL Las Vegas Raiders
ATTRACTIONS WNBA Las Vegas Aces
Springs Preserve USLC Las Vegas Lights
Las Vegas Philharmonic MiLB Las Vegas Aviators, Oakland A's
farm team
Henderson Symphony Orchestra
Bellagio Gallery of Fine Art
Las Vegas Arts District
RESTAURANTS + THEATERS
10
Michelin Star
The Smith Center for Performing Arts
UNLV Performing Arts Center
Restaurants Zappos Theater Planet Hollywood
Park Theater at Park MGM Las Vegas
Pearl Theater
15
ESRI
14 15T U R N - K E Y / F U L LY R E N O V AT E D G A M I N G TA V E R N
MCCARRAN INTERNATIONAL AIRPORT
9th busiest airport in U.S., FAA 2019 Busiest Airports
51,537,638 passengers in 2019
3rd best ranked airport among mega airports in U.S., J.D. Power 2019 North
America Airport Satisfactions Survey
METRO AREA TRAILS MONORAIL QUICK FACTS
City of Las Vegas 104 miles The Las Vegas Monorail operates along
a 3.9-mile route from the SAHARA Las
City of North Las Vegas 70 miles Vegas Station to the MGM Grand Station
City of Henderson 180+ miles Trains arrive every 4 to 8 minutes
Unincorporated Clark County 50 miles The rail encompasses 7 stations
In 2018, the Las Vegas Monorail aided
in the annual removal of an estimated
2.1 million vehicle miles from Southern
AVERAGE COMMUTE TIME Nevada’s major roadways, reducing
emissions by more than 27 tons
LAS VEGAS U.S.
25.4 26.9
HOW WE
Truck Drive Times to Major Western Cities
minutes minutes
ESRI
GET AROUND LO CLas
ATVegas
I O Nis a major
transportation hub
Flexible Options & TRA N S P O R TAT I O N
servicing the Mountain and
Las Vegas benefits from its geographic location as being incredibly accessible via West states. Las Vegas has
• I-15 Interchange is ±2.0 miles
highway, railway and air. The local downtown area also offers a regional bus system and from site an efficient transportation
more unique modes of transport, like our monorail and moving walkways, in addition to • infrastructure
US-95 Interchange is ±11.0 miles and is
from site
community-shared, last-mile options such as scooters and bikes. comprised of three major
• McCarran Airport is ±13.6 miles
from site highways: Interstate 15,
• U.S.Strip
The Las Vegas 93/95, and the 215
is ±10.0 miles
from site 1 day
Beltway.
2 days
NOT TO SCALE
• FedEx Freight - 4 Miles
• FedEx Ship Center - 9 Miles
16 • FedEx Air Cargo - 20 Miles 17
One Day Truck Service Two Day Truck Service
• FedEx Ground - 33 Miles
• UPS Freight Service Center - 5 Miles TRANSIT ANALYSIS FROM LAS VEGAS, NV
• UPS Customer Center - 11 Miles Distance (mi.) Time (est.) Distance (mi.) Time (est.)
• UPS Air Cargo - 24 Miles Los Angeles, CA 265 3 hrs, 54 min Boise, ID 634 9 hrs, 31 min
• US Post Office - 9 Miles
Phoenix, AZ
San Diego, CA
Salt Lake City, UT
300
w
424
4 hrs, 39 min
327 h4 hrs,
y 46 minlas
Santa Fe, NM
Denver,v
5 hrs, 50 min
CO e g 752
634
as10 hrs, 45 min
Cheyenne, WY 837
9 hrs, 8 min
11 hrs, 52 min
15
Reno, NV 452 6 hrs, 55 min Helena, MT 907 12 hrs, 31 min
San Francisco, CA 562 8 hrs, 20 min Portland, OR 982 15 hrs, 44 min
Sacramento, CA 565 8 hrs, 14 min Seattle, WA 1,129 16 hrs, 52 minAVAILABLE FOR SALE AND LEASE
TURN-KEY/FULLY RENOVATED GAMING TAVERN
4230 E. CRAIG ROAD, NORTH LAS VEGAS, NV 89030
CONTACT US © 2020 CBRE, Inc. All rights reserved. This information has been obtained from
sources believed reliable, but has not been verified for accuracy or completeness.
Roy Fritz, CCIM Michael K. Hsu Dylan Heroy You should conduct a careful, independent investigation of the property and verify
First Vice President First Vice President Associate all information. Any reliance on this information is solely at your own risk. CBRE and
+1 702 369 4853 +1 702 369 4866 +1 702 369 4836 the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this
roy.fritz@cbre.com michael.hsu@cbre.com dylan.heroy@cbre.com document are the property of their respective owners, and the use of such logos does
Lic. S.0169670 Lic. S.0051609 Lic. S.0185856 not imply any affiliation with or endorsement of CBRE. Photos herein are the property
of their respective owners. Use of these images without the express written consent of
Capital Markets | Investment Properties the owner is prohibited.
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