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100 - 186 S Sunrise Way - Sunrise Center - Sunrise Center, Palm Springs, CA

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100 - 186 S Sunrise Way - Sunrise Center - Sunrise Center

SEC of S. Sunrise Way & E. Tahquitz Canyon Way
Palm Springs, CA 92262 - Coachella Valley Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing , Renov July 2009 Year Built:1985
Building Size:49,556 SF Land Area:3.97 AC (172,933 SF)
Smallest Space:936 SF Largest Space:936 SF Total Space Avail:936 SF Rent/SF/Yr:
$19.20
Parking:Free Surface spaces are available; Ratio of 3.45/1,000 SF
Features:Pylon Sign, Signage, Signalized Intersection


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
936 SF
$19.20/SF/Yr
Vacant
Negotiable
Retail
 
8318239
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
936 SF
$19.20/SF/Yr
Vacant
Negotiable
Retail
“Sunrise Center” is a 49,556 square foot anchored shopping center located at the south east corner of Sunrise Way and Tahquitz Canyon Way in the City of Palm Springs. The anchor tenant, “Fresh and Easy”, pays rent and expense reimbursements on approximately 48% of the gross leaseable area on a lease that expires in December 2028. Fresh & Easy Neighborhood Market has announced plans to open eight stores in Northern California in early 2011, a strong indicator of the current financial condition of the company.

“Sunrise Center” offers an opportunity to acquire a 94 percent leased, ten tenant, pride of ownership grocery anchored shopping center with a diverse supporting tenant mix on a “fee simple” ownership basis. Other tenants include Palm Liquors, Power of Fitness, Regal Cleaners, David Andrew Salon and others that support the local neighborhood. Repairs at the property in the last two years include landscaping, exterior painting and parking lot upgrades.

The latest developments on Sunrise Way at Tahquitz Canyon Way are the new Eisenhower Health Center, now open for business, and the new Rite Aid Drugstore, opening in February or March. The Eisenhower Health Center at Sunrise addresses an immediate need for increased primary care physicians and Eisenhower care services at the west end of the Coachella Valley. The facility offers Primary Care 365 Program, Urgent Care, Imaging Center, Breast Center and Lab techniques. Along with the new Rite Aid, these two new attractive developments should add much additional traffic to the already busy intersection benefiting the business opportunities for “Sunrise Center”.



Premier Commercial Brokerage
Kimberly Moore
(949) 250-3333



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