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Description
Hofbrauhaus Las Vegas at 4510 Paradise Road is a single-tenant net-lease property at Paradise Road and Harmon Avenue. Colliers is marketing the investment. The location is near the Strip, Harry Reid International Airport, UNLV, the convention center and the Formula 1 paddock facilities. Reported intersection traffic is approximately 81,000 vehicles daily.
The adjacent Virgin Hotels Las Vegas property has a Vegas Loop stop. The offering identifies potential benefits from the network's airport connection and expansion, but projected ridership and future capacity should be evaluated separately from current operations. Buyers can assess the executed lease, tenant business and nearby hospitality activity when reviewing the property's income and longer-term positioning.
