3900 Carter Dr Wellington, NV 89444
This exceptional investment opportunity presents a thriving Nevada casino and bar, Topaz Joe's, situated on a 2-acre lot in Wellington, Douglas County (zip code 89444). Boasting over $1 million in annual gross revenue with consistent double-digit growth over the past three years, this established business includes a bar, grill, casino, and grocery store operating within two attached buildings totaling nearly 6,680 square feet. The property also features a separate 2400+ sq ft storage building with potential for expansion or additional revenue streams. A valuable asset is the included Gaming Overlay Non-restricted license, a rare find in Nevada. The property offers significant upside potential with approximately one acre of undeveloped land suitable for various uses, such as RV parking, self-storage units, or an expanded outdoor hospitality area. Existing infrastructure includes a 38kW backup generator, an outdoor patio, and a well-equipped bar and grocery store with ample seating. The casino features 13 drop-in and 14 slant-top poker machines. The convenient location is adjacent to the local fire station and offers easy access to Lake Topaz, Gardnerville, Minden, and Lake Tahoe. This turnkey operation is ready for a new owner to capitalize on its strong local customer base and the continued growth of the Topaz Ranch Estates community. The asking price is $1,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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