Colliers Western Region
Harmon Square

Harmon Square

4503 Paradise Road

Las Vegas , NV 89169

$44,900,000
Asking Price
$2,770,861
NOI
6.17%
Cap Rate
31,037 SF
Gross Leasable Area
~3.29 ac
Acres
100%
Occupancy

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.

Offering Summary
Property TypeRetail
Asking Price$44,900,000
Sale Details
Cap Rate6.17%
NOI$2,770,861
Documents
Property Address
Property Details
Property TypeRetail
Gross Leasable Area (SF)31,037 SF
Occupancy100%
Lease TypeNNN
Year Built1987
Year Renovated2015
ZoningCommercial General (CG)
APN162-22-312-002, 162-22-312-003
Harmon Square  - Image 1
Harmon Square  - Image 2
Harmon Square  - Image 3
Harmon Square  - Image 4
Harmon Square  - Image 5
Harmon Square  - Image 6
Harmon Square  - Image 7
Harmon Square  - Image 8
Harmon Square  - Image 9
Harmon Square  - Image 10
Harmon Square  - Image 11
Harmon Square  - Image 12
Harmon Square  - Image 13
Harmon Square  - Image 14
Harmon Square  - Image 15
Harmon Square  - Image 16
Harmon Square  - Image 17

Deal Team

Adam Malan
Adam Malan
Vice Chair
NV RE Lic. 0063542
Deana Marcello
Deana Marcello
Executive Vice President
NV RE Lic. 174174