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
368’ on Harmon Ave

AMENITIES

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
Walk Score®
Very Walkable (78)

NEARBY MAJOR RETAILERS

Teriyaki Madness
Hard Rock Cafe
Capriotti's
Dog Haus
Famous Dave's
Morton's, The Steak House
The Habit Burger Grill
Buca Di Beppo
Bahama Breeze
Lawry's The Prime Rib

PROPERTY TAXES

  • Listing ID: 34083606

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 4503 Paradise Rd, Las Vegas, NV 89119