Question: does anyone have any experience in NV with gaming tavern leases?
A tenant approached us about subletting their existing auxiliary building they lease from us and do nothing with, to a gaming tavern. They would drop access to the building altogether in order to have us install this business there. What should I make sure to consider when getting into a deal like this? TIA.
[{"id": "h2ldurh", "text": "well first you'd want to be sure they could get a tavern license; as landlord you'd have to apply for a land use application to get a Special Use Permit for a tavern use, that process varies by jurisdiction. You'll have some distance separation requirements (e.g. required distance from other taverns and other protected uses like churches, schools etc).", "replies": [{"id": "h2lj7fs", "text": "Yeah I\u2019m pretty sure it\u2019s a reputable tenant,the other one is a strip club and they\u2019ve been there for a loooong time. They don\u2019t want a shady place next door. There is a church nearby that might be an issue. Thank you so much though this is the best advice so far!", "replies": [{"id": "h2lkzir", "text": "depends on jurisdiction but probably 1500 feet from property line to property line. Tavern licenses are pretty easy to get if you meet distance requirements and key employee has suitability (not shady/criminal)", "replies": [{"id": "h2lt1nt", "text": "It\u2019s showing .6mile walking distance", "replies": [{"id": "h2lx41q", "text": "Usually measured as the crow flies property line to property line, you\u2019re probably ok if 0.6 miles walking tho", "replies": [{"id": "h2m24f9", "text": "Thank you for the advice, you\u2019ve been a tremendous help. You really know your stuff. Any idea on how to find comps as far as /sqf? I don\u2019t have access to the big boy data bases, my family inherited this stuff and I\u2019ve been trying to learn as I go.", "replies": [{"id": "h2m9gl9", "text": "Rental rates really depend on too many forces and factors to estimate without lots more info, turn key buildout  vs no TI$. You could get a flavor on listed rents on LoopNet maybe tho", "replies": [{"id": "h2mc802", "text": "Thank you for your help, it is much appreciated.", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "h2ldwt7", "text": "Depends how sketchy they are. Depends how desperate you are. I hate these people with a passion having been fucked twice but hey that\u2019s what you get for people running thinly veiled gambling under the guise of \u201cskilled gaming\u201d", "replies": [], "depth": 1}, {"id": "h2lhvok", "text": "Need to speak with a local attorney regarding permitted use and zoning.", "replies": [{"id": "h2m2713", "text": "In the works", "replies": [], "depth": 2}], "depth": 1}, {"id": "h2ln9sv", "text": "What type of gaming tavern?\n\nThere's video, and board games with food and drinks version.  These may run game tournaments, stream tournaments, etc.", "replies": [{"id": "h2m25t1", "text": "Gaming as far as video poker and things like that", "replies": [{"id": "h2m3w92", "text": "Oh, I'm not familiar with that. \n\nSounds like a reworded casino.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "h2rhnpw", "text": "I don't know, but just as a suggestion you may reach out to the state dept who licenses these.  In similar oddball things that are heavily regulated I've found they can ushually point you to some general info as far as requirements and process etc so you can have at least a base understanding before you get into spending legal time, etc etc.  \n\nSometimes a 30 seconds answer that tells you your obstacles can save a lot of time if it makes it clear its a headache you don't want.", "replies": [], "depth": 1}]