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Harmon Square - Dunkin', Subway, Roberto's 4503 Paradise Rd

5,377 SF 100% Leased Retail Building Las Vegas, NV 89169 £6,718,898 (£1,250/SF) 5.25% Net Initial Yield

Executive Summary

The property is a generational asset located just 1.2 miles from the world-famous Las Vegas Strip. It boasts an iconic location at the hard corner of Paradise and E Harmon, which experiences a high traffic count of 64,500 vehicles per day. The tenant roster includes well-known brands such as Dunkin' Donuts, Subway, and Roberto’s, attracting a broad customer base with their high-profile, daily-use offerings. The property is 100% occupied with NNN leases, providing stable historical occupancy, expense pass-throughs for ease of management, and minimal expense slippage. Situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles, it is also positioned in a strong population area 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
5,377 SF
Building Class
B
Year Built/Renovated
1987/2015
Price
£6,718,898
Price Per SF
£1,250
Net Initial Yield
5.25%
NOI
£352,757
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Lot Size
0.79 AC
Zoning
H-1, County - Commercial Retail
Parking
39 Spaces (7.25 Spaces per 1,000 SF Leased)
Frontage
368 ft on Harmon Ave

Amenities

  • Bus Route
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalised Intersection
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Teriyaki Madness
Checkers
Hard Rock Cafe
Dog Haus
Capriotti's
Famous Dave's
Morton's, The Steak House
The Habit Burger Grill
Buca Di Beppo
Bahama Breeze

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 162-22-312-003
  • 162-22-312-002
Land Assessment
£1,314,786
Improvements Assessment
£805,671
Total Assessment
£2,120,457
  • Listing ID: 34083368

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 4503 Paradise Rd, Las Vegas, NV 89169

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