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Harmon Square - Mint 4503 Paradise Rd 4,935 SF Retail Building Las Vegas, NV 89119 $6,700,000 ($1,357.65/SF) 7.14% Cap Rate



EXECUTIVE SUMMARY
The property is a generational asset located just 1.2 miles from the world-famous Las Vegas Strip. It is the closest cannabis store to the west entrance of the UNLV campus, which includes prominent facilities such as the Thomas & Mack Center, track, softball, baseball, soccer, tennis, and intramural fields. Positioned at the iconic hard corner of Paradise and E Harmon, the location experiences a high traffic count of 64,500 vehicles per day. It is situated in a dense resort corridor with over 2,500 hotel rooms within 0.3 miles of the property. Additionally, the property benefits from a built-in customer base, 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
4,935 SF
Building Class
B
Year Built/Renovated
1987/2015
Price
$6,700,000
Price Per SF
$1,357.65
Cap Rate
7.14%
NOI
$478,536
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.11 AC
Zoning
H-1, County - Commercial Retail
Parking
37 Spaces (7.5 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 162-22-312-003 | Improvements Assessment | $125,938 |
| Land Assessment | $56,186 | Total Assessment | $182,124 |
PROPERTY TAXES
Parcel Number
162-22-312-003
Land Assessment
$56,186
Improvements Assessment
$125,938
Total Assessment
$182,124
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Harmon Square - Mint | 4503 Paradise Rd
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