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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



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
AMENITIES
- Bus Route
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
Walk Score®
Easily Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £766,914 | |
| Land Assessment | £1,251,538 | Total Assessment | £2,018,451 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,251,538
Improvements Assessment
£766,914
Total Assessment
£2,018,451
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Harmon Square Trop Smoothie, Bojangles, T.M. | 4503 Paradise Rd
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