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Liquor Ace is an alcohol distribution establishment seen in the first trailer of Grand Theft Auto V. Further information about it is unknown at this point. The name sounds like "lick her ass" when read quickly. The environment around the building seems to be an outreach of sand, with a mountain in the distance, hinting it might be close by a desert.
The store has discounted beers and lottery tickets.
The name of the store is pronounced as, "Lick Her Ass", which is another one of Rockstar's sexual humor.