Harmon Square - Dunkin', Subway, Roberto's 4503 Paradise Rd 5,377 SF 100% Leased Retail Building Las Vegas, NV 89169 $7,513,625 ($1,397.36/SF) 6.25% Cap Rate



EXECUTIVE SUMMARY
The property is a generational asset located just 1.2 miles from the world-famous Las Vegas Strip. It boasts an iconic location at the hard corner of Paradise and E Harmon, which experiences a high traffic count of 64,500 vehicles per day. The tenant roster includes well-known brands such as Dunkin' Donuts, Subway, and Roberto’s, attracting a broad customer base with their high-profile, daily-use offerings. The property is 100% occupied with NNN leases, providing stable historical occupancy, expense pass-throughs for ease of management, and minimal expense slippage. Situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles, it is also positioned in a strong population area with 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
5,377 SF
Building Class
B
Year Built/Renovated
1987/2015
Price
$7,513,625
Price Per SF
$1,397.36
Cap Rate
6.25%
NOI
$469,602
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.79 AC
Zoning
H-1, County - Commercial Retail
Parking
39 Spaces (7.25 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,029,677 | |
Land Assessment | $1,680,345 | Total Assessment | $2,710,022 |