Colliers Western Region
STNL Hofbräuhaus

STNL Hofbräuhaus

4510 Paradise Rd.

Las Vegas, NV 89169

$16,200,000
Asking Price
7.46%
Cap Rate
$1,208,935
NOI
18,599 SF
Gross Leasable Area
~1.53 ac
Acres
2004
Year Built

Description

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.

Offering Summary

Property TypeRetail
Asking Price$16,200,000
Built2004
Total Acres~1.53 ac

Sale Details

Cap Rate7.46%
NOI$1,208,935

Documents

Property Address

Property Details

Property TypeRetail
Gross Leasable Area (SF)18,599 SF
Occupancy100%
Lease TypeNNN
Year Built2004
Total Parking114
ZoningCommercial General (CG)
APN162-22-302-003
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Deal Team

Deana Marcello

Deana Marcello

Executive Vice President
NV RE Lic. 174174
Adam Malan

Adam Malan

Vice Chair
NV RE Lic. 0063542