Harmon Square - Liquor World | 4503 Paradise Rd
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Harmon Square - Liquor World 4503 Paradise Rd
5,408 SF Retail Building Las Vegas, NV 89119 £4,154,027 (£768/SF) 5.50% Net Initial Yield
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
Storefront
Building Size
5,408 SF
Building Class
B
Year Built/Renovated
1987/2015
Price
£4,154,027
Price Per SF
£768
Net Initial Yield
5.50%
NOI
£228,500
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Lot Size
0.79 AC
Zoning
H-1, County - Commercial Retail
Parking
37 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
- Storage Space
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 - Liquor World | 4503 Paradise Rd
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