4503 Paradise Road Retail
  • Asking Price
    $44.9MAsking Price
  • NOI
    $2.8MNOI
  • Cap Rate
    6.17%Cap Rate
  • Gross Leasable Area
    31,037 SFGross Leasable Area
  • Acres
    ~3.29 acAcres
  • Occupancy
    100%Occupancy

Description

Harmon Square is a fully leased multitenant retail center at Paradise Road and Harmon Avenue, approximately 1.2 miles east of the Las Vegas Strip. Its tenants include 7-Eleven, White Castle, Dunkin', Sbarro, Bojangles and Subway. Percentage rent and four billboard structures provide additional income identified in the offering.

The property faces Hofbrauhaus Las Vegas and Virgin Hotels Las Vegas. A Vegas Loop stop at Virgin connects the immediate trade area with the developing resort transportation network. Buyers can assess the tenant sales, billboard agreements and transit connections alongside the current rent roll and operating expenses. The location serves both surrounding businesses and the resort corridor's visitor market.

Offering Summary

  • Asking Price
    $44,900,000
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    1987
  • Total Acres
    ~3.29 ac

Sale Details

  • Cap Rate
    6.17%
  • NOI
    $2,770,861

Documents

Property Address

4503 Paradise Road
Las Vegas , NV 89169

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    1987
  • Year Renovated
    2015
  • Lease Type
    NNN
  • Zoning
    Commercial General (CG)
  • APN
    162-22-312-002, 162-22-312-003
  • Gross Leasable Area
    31,037 SF
  • Acres
    3.29

Deal Team

Adam Malan profile image

Adam Malan

Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President
Colliers
NV RE Lic. 174174