Harmon Square is a five-property retail portfolio at the signalized intersection of Paradise Road and Harmon Avenue, in the heart of the Las Vegas Resort Corridor, about 1.2 miles east of the Las Vegas Strip. Listed at $44,900,000 ($1,446.66 per square foot), the 31,037 square foot portfolio sits on 5.68 acres and is 100% leased.
The stabilized asset is leased to a nationally recognized tenant mix that includes 7-Eleven, White Castle, Dunkin', Sbarro, Bojangles, Subway, and more. Beyond base rent, the property generates additional income through percentage rent and from four billboard structures, capitalizing on strong tenant sales and robust vehicular and pedestrian visibility. The five buildings were all built in 1987 and range from 4,935 to 8,675 square feet.
Harmon Square sits directly across the street from Hofbräuhaus Las Vegas and Virgin Las Vegas Hotel & Casino. It also benefits from The Boring Company's Vegas Loop, which has a dedicated stop at the exterior of the Virgin Hotel & Casino, bringing tourists and travelers from Harry Reid International Airport, the Las Vegas Convention Center, and other resort corridor destinations. The listing also cites dense demographics and daytime population, plus ease of management.
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