Harmon Square - Dunkin', Subway, Roberto's | 4503 Paradise Rd
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Harmon Square - Dunkin', Subway, Roberto's 4503 Paradise Rd
5,377 SF 100% Leased Retail Building Las Vegas, NV 89169 £6,718,898 (£1,250/SF) 5.25% Net Initial Yield
Executive Summary
The property is a generational asset located just 1.2 miles from the world-famous Las Vegas Strip. It boasts an iconic location at the hard corner of Paradise and E Harmon, which experiences a high traffic count of 64,500 vehicles per day. The tenant roster includes well-known brands such as Dunkin' Donuts, Subway, and Roberto’s, attracting a broad customer base with their high-profile, daily-use offerings. The property is 100% occupied with NNN leases, providing stable historical occupancy, expense pass-throughs for ease of management, and minimal expense slippage. Situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles, it is also positioned in a strong population area with 124,133 residents within a 3-mile radius and 392,211 residents within a 5-mile radius.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,377 SF
Building Class
B
Year Built/Renovated
1987/2015
Price
£6,718,898
Price Per SF
£1,250
Net Initial Yield
5.25%
NOI
£352,757
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Lot Size
0.79 AC
Zoning
H-1, County - Commercial Retail
Parking
39 Spaces (7.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £805,671 | |
Land Assessment | £1,314,786 | Total Assessment | £2,120,457 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,314,786
Improvements Assessment
£805,671
Total Assessment
£2,120,457
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Harmon Square - Dunkin', Subway, Roberto's | 4503 Paradise Rd
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