4501 Paradise Rd - Restaurant FOR SALE


Las Vegas, NV 89169
$16,400,000 USD
858-449-9922
4501 Paradise Rd, Las Vegas, NV for Sale
$16,400,000 USD
Restaurant - FOR SALE
1/11
null | 4.7% Cap Rate

4501 Paradise Rd
Las Vegas, NV 89169


OVERVIEW

Investment Highlights 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) 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. Strong Population Area – 124,133 population within a 3-mile radius of the property, and 392,211 in a 5-mile radius Areas of Interest 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 1.8 miles from Harry Reid International Airport, which serves 57.7 million annual visitors 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.

FOR SALE DETAILS

PRICE

$16,400,000 USD

PRICE/SF

$2,469 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

White Castle, 7-11 & Sbarro- Harmon SQ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

34630 AC

LAND SF

1,508,482,800 SF

ZONING

H-1

APN/PARCEL ID

162-22-301-002

ASK ABOUT THIS PROPERTY

Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.