4503 Paradise Rd - Storefront FOR SALE


Las Vegas, NV 89119
$13,575,000 USD
858-449-9922
4503 Paradise Rd, Las Vegas, NV for Sale
$13,575,000 USD
Storefront - FOR SALE
1/11
null | 5.16% Cap Rate

4503 Paradise Rd
Las Vegas, NV 89119


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,575,000 USD

PRICE/SF

$1,565 USD /SF

CAP RATE

5.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harmon Square Trop Smoothie, Bojangles, T.M.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,631 SF

ZONING

H-1, County

APN/PARCEL ID

162-22-312-002,162-22-312-003

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.