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Harmon Square - Liquor World 4503 Paradise Rd 5,408 SF Retail Building Las Vegas, NV 89119 $4,750,000 ($878.33/SF) 6.14% 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
$4,750,000
Price Per SF
$878.33
Cap Rate
6.14%
NOI
$291,650
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
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Storage Space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,029,677 | |
| Land Assessment | $1,680,345 | Total Assessment | $2,710,022 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,680,345
Improvements Assessment
$1,029,677
Total Assessment
$2,710,022
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Harmon Square - Liquor World | 4503 Paradise Rd
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