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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)
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
  • Listing ID: 34083552

  • Date on Market: 04/12/2024

  • Last Updated:

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

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