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Harmon Square Trop Smoothie, Bojangles, T.M. 4503 Paradise Rd 8,675 sq ft 100% Let Retail Property Las Vegas, NV 89119 £8,461,041 (£975.34/sq ft) 6.16% Net Initial Yield

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EXECUTIVE SUMMARY

This generational asset is located just 1.2 miles from the world-famous Las Vegas Strip, offering an iconic location at the hard corner of Paradise and E Harmon, with a high traffic count of 64,500 VPD. The property is 100% occupied and stabilized, featuring a 7.3 WALT and a strong history of occupancy, including a brand-new lease for the anchor tenant. With NNN leases in place, the property offers ease of management and minimal expense slippage through expense pass-throughs. Situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles, the property also benefits from a strong surrounding population of 124,133 within a 3-mile radius and 392,211 within a 5-mile radius.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Shopfront
Property Size
8,675 sq ft
Costar Property Class
B
Year Built
1987
Price
£8,461,041
Price per sq ft
£975.34
Yield
6.16%
NOI
£521,583
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.25
Total Plot Size
0.80 ac
Use Class
H-1, County - Commercial Retail
Parking
37 Spaces (4.27 Spaces per 1,000 sq ft Leased)
Frontage
368 ft on Harmon Ave

AMENITIES

  • Bus Route
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalised Intersection
Walk Score®
Easily Walkable (76)
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
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: 34083606

  • Date on Market: 04/12/2024

  • Last Updated:

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

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