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Harmon Square - Liquor World 4503 Paradise Rd 5,408 SF Retail Building Las Vegas, NV 89119 $6,466,545 CAD ($1,195.74 CAD/SF) 6.25% Cap Rate

EXECUTIVE SUMMARY

The property is a generational asset located 1.2 miles from the world-famous Las Vegas Strip. It is the closest full-service liquor store to the west entrance of the UNLV campus, which includes facilities such as the Thomas & Mack Center, track and field, softball, baseball, soccer, tennis, and intramural fields. Situated at an iconic location on the hard corner of Paradise and E Harmon with a traffic count of 64,500 vehicles per day, the property enjoys strong visibility and accessibility. With historical occupancy, a tenant recently demonstrated their success at this location by extending their lease for an additional 15 years. Located in a dense resort corridor, the property benefits from over 2,500 hotel rooms within 0.3 miles and is supported by a built-in customer base of 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
5,408 SF
Building Class
B
Year Built/Renovated
1987/2015
Price
$6,466,545 CAD
Price Per SF
$1,195.74 CAD
Cap Rate
6.25%
NOI
$404,210 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.79 AC
Zoning
H-1, County - Commercial Retail
Parking
37 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
368’ on Harmon Ave

AMENITIES

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Storage Space

NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 162-22-312-003
  • 162-22-312-002
Land Assessment
$2,392,223 CAD
Improvements Assessment
$1,465,900 CAD
Total Assessment
$3,858,123 CAD
  • Listing ID: 34083449

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 4503 Paradise Rd, Las Vegas, NV 89119

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