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- LoopNet Team
4080 Paradise Rd
Las Vegas, NV 89169
Paradise Rodeo Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- DYNAMIC, HIGH TRAFFIC LOCATION. The center is located near the corner of Paradise Road and Flamingo Road
- ADJACENT TO HUGHES CENTER. Rodeo Paradise Center is located directly across from The HC (Hughes Center).
- STABLE, HISTORICALLY WELL OCCUPIED. The Property boasts exceptional historical occupancy with 95% of the tenants in place for 10 years or longer.
- MULTIPLE TRAFFIC GENERATORS. The Property is ideally located near the McCarran International Airport, LVCC, The Strip, and other major attractions.
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
ABOUT 4080 PARADISE RD , LAS VEGAS, NV 89169
Cushman and Wakefield, Inc., as exclusive advisor, is pleased to present for acquisition the fee simple interest in the Rodeo Paradise retail center (the “Property”). This ±17,711sf multi-tenant property is strategically located one mile east of the world-renowned Las Vegas “strip” offering 140 feet of frontage on Paradise Road where traffic counts are in excess of 32,500 vpd. The property is currently 73% leased to an eclectic mix of small shops, 88% of which have been in place 11 years or longer. The only fallout of the COVID pandemic was the newly vacated restaurant space that was leased to Gandhi’s Restaurant since 2003. Ownership is working to backfill the 4,000sf space with a new operator that’s synergistic with the rest of the center. Ownership will guarantee rent on the space. Prior to Gandhi’s departure the space was stabilized at 96%. Located just north of the Northeast corner of Flamingo and Paradise Roads, the property enjoys exposure via 88,000 vpd through this intersection. Notably, the center shares a parcel line with Morton’s Steakhouse and Buca Di Beppo, and is walking distance from multiple gaming and non-gaming hotels and casinos.
PROPERTY TAXES
| Parcel Number | 162-15-401-018 | Improvements Assessment | $21,741 |
| Land Assessment | $586,030 | Total Assessment | $607,771 |
PROPERTY TAXES
