Harmon Square - Mint | 4503 Paradise Rd
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Harmon Square - Mint 4503 Paradise Rd
4,935 SF Retail Building Las Vegas, NV 89119 £5,547,571 (£1,124/SF) 6.75% 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
Storefront
Building Size
4,935 SF
Building Class
B
Year Built/Renovated
1987/2015
Price
£5,547,571
Price Per SF
£1,124
Net Initial Yield
6.75%
NOI
£374,431
Tenancy
Single
Number of Floors
1
Building FAR
1.03
Lot Size
0.11 AC
Zoning
H-1, County - Commercial Retail
Parking
37 Spaces (7.5 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
1 of 12
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Harmon Square - Mint | 4503 Paradise Rd
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