Harmon Square Trop Smoothie, Bojangles, T.M. | 4503 Paradise Rd
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Harmon Square Trop Smoothie, Bojangles, T.M. 4503 Paradise Rd
8,675 SF 100% Leased Retail Building Las Vegas, NV 89119 $19,242,155 CAD ($2,218 CAD/SF) 5.16% Cap Rate
Executive Summary
This generational asset is located just 1.2 miles from the world-famous Las Vegas Strip, offering an iconic location at the hard corner of Paradise and E Harmon, with a high traffic count of 64,500 VPD. The property is 100% occupied and stabilized, featuring a 7.3 WALT and a strong history of occupancy, including a brand-new lease for the anchor tenant. With NNN leases in place, the property offers ease of management and minimal expense slippage through expense pass-throughs. Situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles, the property also benefits from a strong surrounding population of 124,133 within a 3-mile radius and 392,211 within a 5-mile radius.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,675 SF
Building Class
B
Year Built
1987
Price
$19,242,155 CAD
Price Per SF
$2,218 CAD
Cap Rate
5.16%
NOI
$992,640 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.80 AC
Zoning
H-1, County - Commercial Retail
Parking
37 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,526,117 CAD | |
Land Assessment | $2,239,785 CAD | Total Assessment | $3,765,903 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,239,785 CAD
Improvements Assessment
$1,526,117 CAD
Total Assessment
$3,765,903 CAD
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Harmon Square Trop Smoothie, Bojangles, T.M. | 4503 Paradise Rd
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