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Las Vegas NV - White Castle, 7-Eleven & Sbarro (Harmon Square)

$14,014,545

4501 Paradise Rd, Las Vegas, NV 89169

Active
Last Updated: 02/04/2025

5.5

Cap Rate

770,378

NOI

Details:
Cap Rate:    5.5%
NOI:    $770,378
Building Size:    4,935 sqft
Occupancy:    100%
Year Built:    1987
Year Last Renovated:    2015
Description:

• Excellent Tenant Roster – 7-Eleven, White Castle & Sbarro, high-profile National retailers that appeal to a very broad customer base
• 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.
• Increasing Cash Flow – fixed rent increases and a combination of percentage rent clauses provide a growing NOI and an excellent hedge against inflation.

• Generational Asset – the property is located 1.2 miles from the World-Famous Las Vegas Strip
• Iconic Location - ideally positioned at the hard corner of Paradise & E Harmon (64,500 VPD)
• Strong Population Area – 124,133 population within a 3-mile radius of the property, and 392,211 in a 5-mile radius

Map:
Location
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