Generational Asset | Harmon Square

Harmon Square is a generational asset located 1.2 miles from the Las Vegas Strip, across from Virgin Hotels Las Vegas, and just one block from the University of Nevada, Las Vegas (UNLV). The property benefits from over 40.8 million annual visitors to Las Vegas and is strategically positioned near major attractions, including the Las Vegas Loop station, the Las Vegas Grand Prix circuit, and UNLV’s 332-acre campus with 32,000+ students. The shopping center features an ideal mix of restaurant and convenience tenants, including 7-Eleven, Dunkin’ Donuts, White Castle, Subway, Sbarro, and Bojangles, driving consistent foot traffic.
Fully stabilized with 100% occupancy, Harmon Square operates on NNN leases with expense pass-throughs, ensuring ease of management and minimal expense slippage. Major traffic generators include 64,500 VPD at the Paradise Road and E Harmon Avenue intersection, along with proximity to Virgin Hotels Las Vegas, featuring 1,500 rooms, a 60,000 SF casino, and a live music theater. Fixed rent increases and percentage rent clauses provide steady NOI growth, making this a flexible investment opportunity with portions of the center available for separate acquisition. The property is located in a dense population area with 124,133 residents within 3 miles and 392,211 within 5 miles.