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Las Vegas, NV - Harmon Square

$44,000,000

4501- 4503 Paradise Rd, Las Vegas, NV 89169

Active
Last Updated: 02/04/2025

6.13

Cap Rate

2,697,653

NOI

Details:
Cap Rate:    6.13%
NOI:    $2,697,653
Building Size:    4,935 sqft
Lot Area:    3.29 acres
Occupancy:    100%
Year Built:    1987
Zoning:    H-1
Year Last Renovated:    2015
Description:

Generational Asset
Resort corridor Shopping Center located 1.2 miles from the World Famous Las Vegas Strip and across the street from the Virgin Hotels Las Vegas and 1 block from the campus of UNLV. Las Vegas has over 40.8 million annual visitors

Excellent Tenant Roster
The center consists of an ideal mix of restaurant and convenience tenants that draw daily foot traffic to the center. Tenants include 7-Eleven, Dunkin Donuts, White Castle, Subway, Sbarro, Bojangles

100% Occupied/NNN Leases
Fully stabilized with strong historical occupancy – leases are NNN with expense pass-through, providing ease of management and minimal expense slippage

Major Traffic Generators:
1.2 miles from the Las Vegas Strip, one of the largest Tourist attractions in the world
Located across the street from the Virgin Hotels Las Vegas, with 3 hotel towers & 1,500 rooms and includes a 60,000 SF Casino, a 5-acre desert pool oasis and a live music theater with 4,500 capacity
Located across the street from a Las Vegas Loop station. Once completed, the Loop will transport 90,000 plus passengers per hour.
1 block from the 332-acre campus of University of Nevada, Las Vegas with an enrollment of 32,000+ students
1 block east of the Las Vegas Grand Prix circuit, a Formula One race held annually in November that attracts 300,000+ spectators

Map:
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