4510 Paradise Rd. Retail
  • Asking Price
    $16.2MAsking Price
  • Cap Rate
    7.46%Cap Rate
  • NOI
    $1.2MNOI
  • Gross Leasable Area
    18,599 SFGross Leasable Area
  • Acres
    ~1.53 acAcres
  • Year Built
    2004Year Built

Description

Hofbrauhaus Las Vegas at 4510 Paradise Road is a single-tenant net-lease property at Paradise Road and Harmon Avenue. Colliers is marketing the investment. The location is near the Strip, Harry Reid International Airport, UNLV, the convention center and the Formula 1 paddock facilities. Reported intersection traffic is approximately 81,000 vehicles daily.

The adjacent Virgin Hotels Las Vegas property has a Vegas Loop stop. The offering identifies potential benefits from the network's airport connection and expansion, but projected ridership and future capacity should be evaluated separately from current operations. Buyers can assess the executed lease, tenant business and nearby hospitality activity when reviewing the property's income and longer-term positioning.

Offering Summary

  • Asking Price
    $16,200,000
  • Property Type
    Retail
  • Occupancy
    100%
  • Built
    2004
  • Parking
    114
  • Total Acres
    ~1.53 ac

Sale Details

  • Cap Rate
    7.46%
  • NOI
    $1,208,935

Documents

Property Address

4510 Paradise Rd.
Las Vegas, NV 89169

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2004
  • Total Parking
    114
  • Lease Type
    NNN
  • Zoning
    Commercial General (CG)
  • APN
    162-22-302-003
  • Gross Leasable Area
    18,599 SF
  • Acres
    1.53

Deal Team

Deana Marcello profile image

Deana Marcello

Executive Vice President
Colliers
NV RE Lic. 174174
Adam Malan profile image

Adam Malan

Vice Chair
Colliers
NV RE Lic. 0063542