Harmon Square - Dunkin', Subway, Roberto's 4503 Paradise Rd 5,377 SF 100% Leased Retail Building Las Vegas, NV 89169 $10,399,834 CAD ($1,934.13 CAD/SF) 6.25% Cap Rate

EXECUTIVE SUMMARY

The property is a generational asset located just 1.2 miles from the world-famous Las Vegas Strip. It boasts an iconic location at the hard corner of Paradise and E Harmon, which experiences a high traffic count of 64,500 vehicles per day. The tenant roster includes well-known brands such as Dunkin' Donuts, Subway, and Roberto’s, attracting a broad customer base with their high-profile, daily-use offerings. The property is 100% occupied with NNN leases, providing stable historical occupancy, expense pass-throughs for ease of management, and minimal expense slippage. Situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles, it is also positioned in a strong population area with 124,133 residents within a 3-mile radius and 392,211 residents within a 5-mile radius.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,377 SF
Building Class
B
Year Built/Renovated
1987/2015
Price
$10,399,834 CAD
Price Per SF
$1,934.13 CAD
Cap Rate
6.25%
NOI
$649,990 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.79 AC
Zoning
H-1, County - Commercial Retail
Parking
39 Spaces (7.25 Spaces per 1,000 SF Leased)
Frontage
368’ on Harmon Ave

AMENITIES

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
Walk Score®
Very Walkable (75)

NEARBY MAJOR RETAILERS

Teriyaki Madness
Dog Haus
Capriotti's
Famous Dave's
Morton's, The Steak House
The Habit Burger Grill
Buca Di Beppo
Bahama Breeze
Lawry's The Prime Rib
Fogo de Chão

PROPERTY TAXES

  • Listing ID: 34083368

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 4503 Paradise Rd, Las Vegas, NV 89169