34660 Monterey Ave - Freestanding FOR SALE
Palm Desert, CA 92211 |
34660 Monterey Ave
Palm Desert, CA 92211
HIGHLIGHTS
- A” location- freestanding building in Palm Desert, CA fronting busy Monterey Avenue with an abundant parking field in Desert Gateway Center
- Co-tenants Wal-Mart, Sam’s Club, Kohl’s, Ashley HomeStore and Petsmart
- Single Tenant Net Lease with 99 Cents Only Stores, a chain of 384 stores selling groceries, beauty and health aids, seasonal and general merchandise
- 99 Cents Only Stores generate nearly $3 Billion in annual revenue
- Dominant retail corridor with Costco, Home Depot, Regal Cinemas, Best Buy, Gelson’s, Lowe’s and other national retailers nearby
- New 16 Year Lease with regularly scheduled increases
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Supermarket, Department Store
TOTAL BUILDING SIZE
21323
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
176
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
694-090-031
