Harmon Square Trop Smoothie, Bojangles, T.M. | 4503 Paradise Rd
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Harmon Square Trop Smoothie, Bojangles, T.M. 4503 Paradise Rd
8,675 SF 100% Leased Retail Building Las Vegas, NV 89119 £10,621,759 (£1,224/SF) 5.16% 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
Storefront
Building Size
8,675 SF
Building Class
B
Year Built
1987
Price
£10,621,759
Price Per SF
£1,224
Net Initial Yield
5.16%
NOI
£547,942
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Lot Size
0.80 AC
Zoning
H-1, County - Commercial Retail
Parking
37 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalised Intersection
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £805,671 | |
Land Assessment | £1,314,786 | Total Assessment | £2,120,457 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,314,786
Improvements Assessment
£805,671
Total Assessment
£2,120,457
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Harmon Square Trop Smoothie, Bojangles, T.M. | 4503 Paradise Rd
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