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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

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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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

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
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
162-22-312-003
Land Assessment
£41,848
Improvements Assessment
£93,800
Total Assessment
£135,648
  • Listing ID: 34083552

  • Date on Market: 04/12/2024

  • Last Updated:

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

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