Rodeo Paradise - Availability Details

For Sale$9,750,000

4080 Paradise Rd., Las Vegas, NV 89169

  • Retail

Nearby Listings

Details

  • Price $9,750,000
  • City Las Vegas
  • Neighborhood Paradise
  • Zip Code 89169
  • Market Las Vegas
  • Property Type Retail
  • Property Size 17,711 Sqft
  • Lot Size 1.82 Acre
  • Parking Ratio 4.79/ 1,000 SF
  • Year Built 1985
  • Date Updated 25 Oct, 2020

Description

Cushman and Wakefield, Inc., as exclusive advisor, is pleased to present for acquisition the fee simple interest in the Rodeo Paradise retail center (the “Property”). This ±17,711sf multi-tenant property is strategically located one mile east of the world-renowned Las Vegas “strip” offering 140 feet of frontage on Paradise Road where traffic counts are in excess of 32,500 vpd. The property is currently 96% leased to an eclectic mix of small shops, 95% of which have been in place 10 years or longer and 33% of which have been in place 15 years or longer. Located just north of the Northeast corner of Flamingo and Paradise Roads, the property enjoys exposure via 88,000 vpd through this intersection. Notably, the center shares a parcel line with Morton’s Steakhouse and Buca Di Beppo, and is walking distance from multiple gaming and non-gaming hotels and casinos. Given the population density (day and night), this area has attracted some of the best dining establishments in the city which do phenomenal business. For example, The HC (Hughes Center) is home to 1.4 Million square feet of office and retail including Bahama Breeze, Fogo de Chao, Gordon Biersch, Lawry’s Prime Rib and Del Frisco’s Double Eagle Steakhouse, as well as Chipotle, Pieology, Jamba Juice, Habit Burger, Panera Bread and Starbuck’s. Soon to bolster the demographics in the area, The Calida Group is currently constructing a ±368 unit luxury apartment project within The HC and a second development just nor

Commercial Brokers

broker

Charles Moore

Cushman & Wakefield

broker

Marlene Winkel

Cushman & Wakefield

(170) 688-6884

broker

Hunter Bradshaw

Cushman & Wakefield