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    2992 W Cheyenne Ave North Las Vegas, NV 89032

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    For Sale
    $5,557,900

    Single-tenant, triple-net leased investment opportunity in North Las Vegas.

    Property size:
    7,860 SF
    Lot size:
    1.71 Acres

    Property Features for 2992 W Cheyenne Ave

    General Information

    Size
    7,860 SF
    Lot size
    1.71 Acres

    Source: Logic Commercial Real Estate | Las Vegas Agent Gino Vincent

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    WSKY Bar + Grill Investment

    The property, WSKY Bar + Grill – Cheyenne, is a single-tenant, triple-net leased investment situated along Cheyenne Avenue in North Las Vegas. It is located just off the corner of Cheyenne Avenue and Simmons Street, benefiting from traffic counts of approximately 35,500 cars per day and connectivity to US-95 and I-15. The property is subject to a new 10-year lease, providing long-term cash flow with minimal landlord obligations, and is backed by a corporate guaranty. The guarantor, JETT Gaming, LLC, an affiliate of Terrible’s brand, operates approximately 13 tavern and casino properties across Nevada and manages gaming operations for hundreds of third-party locations. This is the 8th tavern operated by JETT Gaming. The tenant purchased the tavern last year and renovated the property. The property includes a restricted gaming license for 15 machines. The surrounding area has a population of nearly 502,394 and an average household income exceeding $89,717 within a 5-mile radius. The property size is 7,860 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Brother's Pizza Pizza Restaurant ATM Atm Town Center Lounge ... Lounge Maegan Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Maegan, Town Center Lounge II, Foothills Tavern

    Location Insight

    • Map
    • Local Demand
    City
    North Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.18062
    Latitude
    36.2181654

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    FAQs

    What type of property is this?
    Bar - Single-tenant, triple-net leased investment opportunity in North Las Vegas.
    Where is this bar located?
    The property is located at 2992 W Cheyenne Ave North Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $5,557,900.
    What are key features of this property?
    This property features: - Brand-new, 10-year triple-net lease provides long-term cash flow.; - Corporate guaranty from JETT Gaming, LLC, an affiliate of Terrible’s brand.; - **Restricted gaming license for 15 machines** - a rare privilege.
    (702) 340-9490
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    2992 W Cheyenne Ave North Las Vegas, NV 89032
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    North Las Vegas, NV 89032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2992 W Cheyenne Ave North Las Vegas, NV 89032
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