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Property profile & analytics
OFF-MARKET
Lifestyle centers

4501- Paradise Rd Las Vegas, NV 89169

143,312 SF 3.29 ac lot Built 1987
Property ID
Property summary
AI-generated overview

This exceptional 143,312 square foot retail center in Las Vegas, NV, presents a compelling investment opportunity. Boasting a prime location just one block from UNLV's campus and across from Virgin Hotels, this property benefits from high foot traffic and visibility. The 3.29-acre site features 11 tenants, including 7-Eleven, Dunkin', Subway, White Castle, Sbarro's Pizza, Roberto's Taco Shop, Liquor World, Tropical Smoothie, and Teriyaki Madness, all operating under 100% occupancy with NNN leases. The property offers a weighted average lease term of 6.2 years, minimizing near-term lease-up risk. Built in 1987 and renovated in 2015, the center includes 190 parking spaces and benefits from built-in rent bumps. The property's strong financial performance is reflected in its $49,000,000 asking price, $2,697,653 NOI, and a pro-forma cap rate of 5.5%. Located 1.2 miles from the Las Vegas Strip, this asset is strategically positioned to capitalize on the area's robust tourism and student population. The property's zoning is H-1, and its APN is 162-22-312-001. The net rentable square footage is 31,037, with a price per square foot of $341.91. This is a generational asset with significant upside potential.

Property profile
Verified
Property type Lifestyle centers
Year built 1987
Total area 143,312 SF
Lot 3.29 ac (143,312 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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