42290 Jefferson St - Retail FOR SALE


Indio, CA 92201
$2,705,000 USD
949-230-1487
42290 Jefferson St, Indio, CA for Sale
$2,705,000 USD
Retail - FOR SALE
1/11
null | 5.25% Cap Rate

42290 Jefferson St
Indio, CA 92201


HIGHLIGHTS

  • +6 Years Remaining | Below Market Low Rent | Corporate Guaranty |Investment Grade Tenant S&P: BBB+ | NASDAQ: SBUX
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Affluent and Dense Demographics | Coachella Valley
  • Signalized Intersection (52,000 VPD) off I-10 Off Ramp (94,000 VPD)
  • Northgate Crossing: 90-Acre Mixed Use Development

OVERVIEW

• Below Market Low Rent Starbucks compared to any new construction Starbucks or other QSR in SoCal. This low basis provides long term security for investors • +6 years remaining with 10% increases every 5 years • Corporate Guaranty Starbucks Corp., an Investment Grade Tenant (NASDAQ: SBUX | S&P: BBB+) • Top 6% Starbucks throughout entire chain Nationwide (Placer.ai)

FOR SALE DETAILS

PRICE

$2,705,000 USD

PRICE/SF

$1,288 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

PMP

APN/PARCEL ID

606-060-042

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.