48151 Grapefruit Blvd - Retail FOR SALE


Coachella, CA 92236
$3,265,000 USD
949-230-1487
48151 Grapefruit Blvd, Coachella, CA for Sale
$3,265,000 USD
Retail - FOR SALE
1/11
null | 4.5% Cap Rate

48151 Grapefruit Blvd
Coachella, CA 92236


HIGHLIGHTS

  • Value-Add Multi-Tenant Retail Opportunity | 38% Occupied | New 10-Year Starbucks Lease | New Construction
  • 48,000 CPD Intersection | Direct Freeway Access | Premier Rest Stop Destination
  • Adjacent to Proposed Hotel Development (250 Rooms) | 5 Min to Spotlight Casino | 130+ Golf Courses | 8 Min to Coachella Music Festival
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• Brand new construction 4,850 SF retail building anchored by Starbucks Café & Drive-Thru with two vacant 1,500 SF suites to lease. • Opportunity to Lease-Up the Vacant Suites at an estimated $30 PSF annually to achieve an 8.06% Return on Cost or Stabilized Cap Rate • Arbitrage opportunity to sell the fully leased building for significant profit. See agent for comps and details • Starbucks signed a brand new 10-year lease with 10% increases every 5 years

FOR SALE DETAILS

PRICE

$3,265,000 USD

PRICE/SF

$1,084 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & Shops | Value Add Multi-Tenant

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

C-G

APN/PARCEL ID

603-220-057

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.