Log In/Sign Up
Your email has been sent.
Hofbräuhaus 4510 Paradise Rd 18,599 SF Retail Building Las Vegas, NV 89169 $16,200,000 ($871.01/SF) 7.46% Cap Rate
Investment Highlights
- Located Within the Las Vegas Resort and Entertainment Corridor
- The Boring Company’s Vegas Loop station at Virgin Hotel & Casino directly across the street (Opening November 2026)
- Attracts a diverse and loyal customer base of all ages, including local residents and over 40M+ tourists per year
- A Las Vegas Historical Landmark Asset
- Quality Infrastructure Modeled after the Original Hofbräuhaus in Munich, Germany
- Captures foot traffic from the bustling surrounding area, making it an attractive location catering to the city’s divers and dynamic clientele
Executive Summary
Colliers is pleased to present the opportunity to acquire the Single Tenant Net Leased Hofbräuhaus Las Vegas, a unique landmark of Las Vegas’ history. 4510 Paradise Road offers a rare blend of strategic location, high-end architecture and significant nearby points of interest. Adjacent to the Las Vegas resort corridor, the property services over 151,000 nearby hotel rooms and over 40M+ visitors per year.
The property directly benefits from The Boring Company’s Vegas Loop, with a dedicated stop at the exterior of the Virgin Hotel & Casino delivering a consistent flow of tourists and travelers from Harry Reid International Airport, the Las Vegas Convention Center, and other key destinations. As the airport connection comes online, ridership is projected to grow from roughly 1 million to between 5 and 10 million annually— channeling a substantial new stream of visitors past the property’s hard corner. At full build-out, the 68-mile, 104-station network is engineered to move up to 90,000 passengers per hour, positioning Harmon Square at a signalized gateway to one of the busiest transit nodes in the resort corridor.
The site is situated within one of Las Vegas’s most vibrant corridors at Paradise Rd. and Harmon Ave. (±81,000 VPD) and is minutes away from the Las Vegas Strip, Harry Reid International Airport, F1 Las Vegas Grand Prix Paddocks, Las Vegas Convention Center, and the University of Nevada Las Vegas. The property benefits from high visibility and easy access, making it a draw for both locals and tourists.
The property directly benefits from The Boring Company’s Vegas Loop, with a dedicated stop at the exterior of the Virgin Hotel & Casino delivering a consistent flow of tourists and travelers from Harry Reid International Airport, the Las Vegas Convention Center, and other key destinations. As the airport connection comes online, ridership is projected to grow from roughly 1 million to between 5 and 10 million annually— channeling a substantial new stream of visitors past the property’s hard corner. At full build-out, the 68-mile, 104-station network is engineered to move up to 90,000 passengers per hour, positioning Harmon Square at a signalized gateway to one of the busiest transit nodes in the resort corridor.
The site is situated within one of Las Vegas’s most vibrant corridors at Paradise Rd. and Harmon Ave. (±81,000 VPD) and is minutes away from the Las Vegas Strip, Harry Reid International Airport, F1 Las Vegas Grand Prix Paddocks, Las Vegas Convention Center, and the University of Nevada Las Vegas. The property benefits from high visibility and easy access, making it a draw for both locals and tourists.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,599 SF
Building Class
B
Year Built
2004
Price
$16,200,000
Price Per SF
$871.01
Cap Rate
7.46%
NOI
$1,208,935
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.28
Lot Size
1.53 AC
Opportunity Zone
Yes
Zoning
CG - Commercial General
Parking
114 Spaces (6.13 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Hofbaruhaus
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Hofbaruhaus | Arts, Entertainment, and Recreation | 99,999 SF | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 162-22-302-003 | Improvements Assessment | $1,205,244 |
| Land Assessment | $979,711 | Total Assessment | $2,184,955 |
Property Taxes
Parcel Number
162-22-302-003
Land Assessment
$979,711
Improvements Assessment
$1,205,244
Total Assessment
$2,184,955
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
