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32236106
32236104

4503 Paradise Rd., Las Vegas, NV 89169

DM
NV NV 174174
Colliers - Las Vegas, Nevada
TO
NV BS.0145996
AM
NV 63542
Colliers - Las Vegas, Nevada
Listed by Colliers - Las Vegas, Nevada
$44,900,000
33 days on market
Updated 30 days ago

Harmon Square

Details
APN 162-22-312-002, 162-22-312-003
Property Type Retail
Sub Type QSR/Fast Food, Storefront (+1)
Square Footage 31,037
Cap Rate 6.17%
NOI $2,770,861
Occupancy 100%
Tenancy Multi
Brand/Tenant 7-Eleven, Dunkin' (+3)
Lease Type NNN
Class A
Year Built 1987
Year Renovated 2015
Acreage 3.290
Zoning Commercial General (CG)
Ground Lease No

Trophy Retail Asset Located in the Heart of the Las Vegas Resort Corridor

Marketing description

DOWNLOAD OFFERING MEMORANDUM

Harmon Square is a premier multi-tenant retail center located within the Las Vegas Resort Corridor, ±1.2-miles east of the Las Vegas Strip. This stabilized asset is 100% leased to a nationally recognized tenant mix, including brands like 7-Eleven, White Castle, Dunkin’, Sbarro, Bojangles, Subway, and more. The property generates additional income through percentage rent and from four billboard structures, capitalizing on strong tenant sales and robust vehicular and pedestrian visibility.

Located at the signalized intersection of Paradise Road and Harmon Avenue, at the center of Las Vegas’ World Famous Resort Corridor, Harmon Square sits directly across the street from the renowned Hofbräuhaus Las Vegas and Virgin Las Vegas Hotel & Casino.

Harmon Square 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 directly to the immediate trade area from Harry Reid International Airport, The Las Vegas Convention Center, and other key resort corridor destinations.

Investment highlights

  • DOWNLOAD OFFERING MEMORANDUM
  • Significant Daily Exposure + Nearby Demand Drivers
  • Located Within The Heart of the Las Vegas Resort Corridor
  • Strong National Tenant Mix
  • Vegas Loop Connectivity
  • Dense Demographics + Daytime Population
  • Stabilized Asset + Ease of Management

Listing Contacts

DM
NV NV 174174
Colliers - Las Vegas, Nevada
TO
NV BS.0145996
AM
NV 63542
Colliers - Las Vegas, Nevada
Listed by Colliers - Las Vegas, Nevada

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,770,861.00
$230,905.08/mo

Valuation Metrics

0
DSCR
6.17%
Cap Rate
6.17%
ROI

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Additional Information

Name
Deana Marcello
License
NV 174174
Brokerage
Colliers
Title
Executive Vice President
Name
Trevor Olkowski
License
BS.0145996
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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