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Harmon Square - Mint 4503 Paradise Rd 4,935 sq ft Retail Property Las Vegas, NV 89119 £4,990,227 (£1,011.19/sq ft) 7.14% Net Initial Yield



EXECUTIVE SUMMARY
The property is a generational asset located just 1.2 miles from the world-famous Las Vegas Strip. It is the closest cannabis store to the west entrance of the UNLV campus, which includes prominent facilities such as the Thomas & Mack Center, track, softball, baseball, soccer, tennis, and intramural fields. Positioned at the iconic hard corner of Paradise and E Harmon, the location experiences a high traffic count of 64,500 vehicles per day. It is situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles of the property. Additionally, the property benefits from a built-in customer base, 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
Shopfront
Property Size
4,935 sq ft
Costar Property Class
B
Year Built/Renovated
1987/2015
Price
£4,990,227
Price per sq ft
£1,011.19
Yield
7.14%
NOI
£356,418
Tenancy
Single
Number of Floors
1
Plot ratio
1.00
Total Plot Size
0.11 ac
Use Class
H-1, County - Commercial Retail
Parking
37 Spaces (7.5 Spaces per 1,000 sq ft Leased)
AMENITIES
- Bus Route
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
Walk Score®
Easily Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 162-22-312-003 | Improvements Assessment | £93,800 |
| Land Assessment | £41,848 | Total Assessment | £135,648 |
PROPERTY TAXES
Parcel Number
162-22-312-003
Land Assessment
£41,848
Improvements Assessment
£93,800
Total Assessment
£135,648
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Harmon Square - Mint | 4503 Paradise Rd
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