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Harmon Square - Liquor World 4503 Paradise Rd 5,408 sq ft Retail Property Las Vegas, NV 89119 £3,537,847 (£654.19/sq ft) 6.14% Net Initial Yield

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EXECUTIVE SUMMARY

The property is a generational asset located 1.2 miles from the world-famous Las Vegas Strip. It is the closest full-service liquor store to the west entrance of the UNLV campus, which includes facilities such as the Thomas & Mack Center, track and field, softball, baseball, soccer, tennis, and intramural fields. Situated at an iconic location on the hard corner of Paradise and E Harmon with a traffic count of 64,500 vehicles per day, the property enjoys strong visibility and accessibility. With historical occupancy, a tenant recently demonstrated their success at this location by extending their lease for an additional 15 years. Located in a dense resort corridor, the property benefits from over 2,500 hotel rooms within 0.3 miles and is supported by a built-in customer base of 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
Shopfront
Property Size
5,408 sq ft
Costar Property Class
B
Year Built/Renovated
1987/2015
Price
£3,537,847
Price per sq ft
£654.19
Yield
6.14%
NOI
£217,224
Tenancy
Single
Number of Floors
1
Plot ratio
0.16
Total Plot Size
0.79 ac
Use Class
H-1, County - Commercial Retail
Parking
37 Spaces (6.84 Spaces per 1,000 sq ft Leased)
Frontage
368 ft on Harmon Ave

AMENITIES

  • Bus Route
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalised Intersection
  • Storage Space

NEARBY MAJOR RETAILERS

Teriyaki Madness
Capriotti's
Famous Dave's
Morton's, The Steak House
The Habit Burger Grill
Buca Di Beppo
Fogo de Chão
Lawry's The Prime Rib
Starbucks
Steak ‘n Shake

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 162-22-312-003
  • 162-22-312-002
Land Assessment
£1,251,538
Improvements Assessment
£766,914
Total Assessment
£2,018,451
  • Listing ID: 34083449

  • Date on Market: 04/12/2024

  • Last Updated:

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

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