Listing-Encore-Aces-LasVegas

Net Lease Realty Partners is excited to present this opportunity to acquire a two-story office building with gaming sports bar/restaurant in a Sale-Leaseback with a 15-year lease term for the entire building. With overall 8,816 square feet, the two-story building is located in a high-traffic, densely populated area of southwest Las Vegas and contains the corporate headquarters for Encore Commercial Real Estate which occupies 1,079 square feet of office space on the first floor and the entire 3,252 square-foot office on the second floor for a total of 4,331 square feet. Aces Bar & Grill operates the 4,485 square-foot sports bar/restaurant on the first floor which includes a full liquor license and 15 built-in gaming machines along with a separate full-service dining area. The tenant, Encore Commercial Real Estate, is a reputable regional real estate development company which has developed over 24 real estate projects with 8 new projects currently under development and manages over $1 billion in real estate assets. Aces Bar & Grill is operated by an established tavern operator that currently operates popular taverns in Mesquite and Southern Nevada. The privilege gaming license granted by Nevada Gaming Control Board for this location restricts other tavern and gaming operators from surrounding area giving Aces exclusive access to market demographic.

• New 15-Year Lease Term at COE
• Sale-Leaseback
• 2% Rent Increase Per Year
• Exclusive Nevada Gaming Location
• Absolute Triple-Net (NNN) Investment
• High Visibility/Traffic Site
• Lease Guarantee by Tenant/Personally by Gaming Licensee