Las Vegas, Nevada

🌿 Flagship Cannabis Retail | 1.2 Miles from The Strip | Across from Virgin Hotels | Corner of Paradise & Harmon | $6.7M NNN Investment

📊 Investment Highlights

• Asking Price: $6,700,000

• Property Type: Retail

• Sub Type: Shopping Center / Storefront

• Investment Type: Net Lease (NNN)

• Investment Sub Type: Single-Tenant (Mint Cannabis)

• Lease Type: NNN | Passive Income

• Square Footage: 4,935 SF

• Price per SF: $1,357.65

• Cap Rate: 7.14% (Pro Forma 6.75%)

• NOI: $478,536 (Pro Forma NOI: $478,536)

• Tenancy: Single Tenant

• Brand/Tenant: Mint Cannabis

• Lease Commencement: 02/03/2025

• Remaining Term: 4 Years (Initial Term)

• Occupancy: 100%

• Year Built: 1987 | Renovated: 2015

• Stories: 1

• Zoning: H-1 (Resort Corridor District)

• Parking: 190 Shared Surface Spaces

• Broker Co-Op: Yes

🧾 Executive Summary

This prime Las Vegas retail asset presents a generational investment opportunity at the gateway to the Las Vegas Strip, one of the world’s most visited destinations. Located at the hard corner of Paradise Road and East Harmon Avenue (64,500 VPD), this 4,935-square-foot NNN cannabis retail property offers unparalleled visibility, traffic, and access within the city’s densest resort and entertainment corridor.

The tenant, Mint Cannabis, is a nationally recognized operator with a growing retail footprint across multiple states. Under a triple net lease structure, the asset provides passive, inflation-hedged income with limited landlord responsibilities and strong underlying real estate fundamentals.

This high-profile location benefits from constant local, student, and tourist traffic—positioned directly across from Virgin Hotels Las Vegas and less than two miles from the Las Vegas Strip and Harry Reid International Airport. With the University of Nevada, Las Vegas (UNLV) campus only a block away and major event venues nearby, the property commands a built-in customer base and enduring demand drivers.

🏢 Property Overview

• Address: Paradise & E. Harmon Ave., Las Vegas, NV

• Building Size: 4,935 SF

• Land Area: Shared Retail Parcel | 190 Parking Spaces

• Zoning: H-1 – Resort Corridor District (Cannabis-Retail Approved)

• Construction: Concrete/Masonry | Renovated 2015

• Visibility: Hard Corner | ±64,500 Vehicles per Day

• Accessibility: Multiple Ingress/Egress Points | ADA Compliant

• Tenant: Mint Cannabis (Single Tenant)

• Lease Type: NNN – Landlord Has Minimal Responsibilities

• Lease Term: Commencing February 2025 | 4 Years Remaining

• Income Profile: $478,536 NOI | 7.14% Cap Rate (6.75% Pro Forma)

📍 Location Highlights

1.2 Miles from the Las Vegas Strip
Positioned just off the Strip—one of the most visited entertainment corridors in the world—this asset benefits from the constant flow of local, national, and international visitors.

Across from Virgin Hotels Las Vegas
The property sits directly across from Virgin Hotels, featuring 1,500 rooms, a 60,000 SF casino, a 5-acre resort pool oasis, and a 4,500-capacity live music venue, generating significant walk-by and vehicular traffic.

Near UNLV & Major Event Venues
Only one block from the University of Nevada, Las Vegas (32,000+ students) and adjacent to the Las Vegas Grand Prix Circuit, which brings 300,000+ spectators annually.

Minutes from Harry Reid International Airport
Just 1.8 miles away, offering excellent access for tourists and business travelers—57.7 million annual visitors pass through the airport each year.

High-Density Trade Area
Over 124,000 residents within 3 miles and 392,000 within 5 miles, surrounded by 2,500+ hotel rooms within walking distance.

💡 Summary of Opportunity

• ✅ Iconic Corner Location – Paradise & Harmon (64,500 VPD)

• 🌿 Single-Tenant NNN Lease – Mint Cannabis

• 🏙️ 1.2 Miles from Las Vegas Strip | Across from Virgin Hotels

• 🎓 1 Block from UNLV & Las Vegas Grand Prix Circuit

• ✈️ 1.8 Miles from Harry Reid International Airport

• 💰 7.14% Cap Rate | $478K NOI | Passive Income Structure

• 🏗️ Fully Renovated 2015 | 4,935 SF Storefront | 190 Parking Spaces

• 📍 Tourism, Student, and Event-Driven Customer Base | Prime Resort Corridor Location