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78950 Highway 111 - One Eleven La Quinta Center, La Quinta, CA

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78950 Highway 111 - One Eleven La Quinta Center

NWC of Highway 111 & Adams St.
La Quinta, CA 92253-2047 - Coachella Valley Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1992
Building Size:125,000 SF Land Area:13.13 AC (571,943 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 2.4/1,000 SF Anchor Tenants:Kohl's
Features:Bus Line, Pylon Sign, Signage, Signalized Intersection, Energy Star Labeled

This building was awarded an Energy Star label in 2015 for its operating efficiency.

Sale Notes:
Faris Lee Investments is pleased to present the rare opportunity to acquire an irreplaceable and highly successful community center in the affluent ($114,000+ AHHI) community of La Quinta, CA. 111 La Quinta Center is located at the strongest intersection of the main retail corridor in the trade area. Tenants within the center include: Stater Bros (NAP) Ross Stores, Hobby Lobby (NAP), Staples, Kohl' s (NAP), PetCo, Big 5 Sporting Goods, The majority of these retailers are among the strongest performing in the Southern California region. The center continues to be considered the crown jewel in the Coachella Valley as the most dominant center. The center has enjoyed historically high occupancy with the majority of original tenants still operating successfully.
111 La Quinta Center is ideally positioned at two (2) signalized, hard corner intersections, Hwy-111 and Adams Street (approximately 49,600 combined vehicles per day at this intersection), and Hwy-111 and Washington Street (approximately 70,000 vehicles per day at this intersection). The immediate trade area boasts some of the highest average household incomes in Southern California including La Quinta ($114,000 AHHI) and Indian Wells ($153,000 AHHI). Additionally, there are approximately 153,000 consumers and over 53,000 daytime employees within a 5-mile radius of the subject property.

Faris Lee Investments
Joe Chichester
(949) 221-1813

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