Harmon Square Trop Smoothie, Bojangles, T.M. 4503 Paradise Rd
8,675 SF 100% Leased Retail Building Las Vegas, NV 89119 $11,185,800 ($1,289.43/SF) 6.25% Cap Rate



EXECUTIVE SUMMARY
This generational asset is located just 1.2 miles from the world-famous Las Vegas Strip, offering an iconic location at the hard corner of Paradise and E Harmon, with a high traffic count of 64,500 VPD. The property is 100% occupied and stabilized, featuring a 7.3 WALT and a strong history of occupancy, including a brand-new lease for the anchor tenant. With NNN leases in place, the property offers ease of management and minimal expense slippage through expense pass-throughs. Situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles, the property also benefits from a strong surrounding population of 124,133 within a 3-mile radius and 392,211 within a 5-mile radius.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,675 SF
Building Class
B
Year Built
1987
Price
$11,185,800
Price Per SF
$1,289.43
Cap Rate
6.25%
NOI
$699,113
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.80 AC
Zoning
H-1, County - Commercial Retail
Parking
37 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,029,677 | |
Land Assessment | $1,680,345 | Total Assessment | $2,710,022 |