72310 Highway 111 - Storefront FOR SALE
Palm Desert, CA 92260 |
72310 Highway 111
Palm Desert, CA 92260
HIGHLIGHTS
- Corporate Tenants: New long-term leases with T-Mobile and Schools First Federal Credit Union, both highly successful tenants.
- Prime Palm Desert Location: : #1 Intersection with 90,000 VPD; surrounded by top retailers and near The Shops at Palm Desert mall
- Walmart Neighborhood Market Outparcel: Grocery-anchored, daily needs traffic generator.
- Growing Income: 10% rent increases every 5 years, ensuring income growth and inflation protection.
- High-Quality New Construction
- Strong Residential Growth with over 7,300 units planned//Under Construction. Affluent Demographic with Growing Year round residential population
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
T-Mobile & SchoolsFirst Credit Union-Pad Bldg
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Bank, Freestanding, Supermarket
TOTAL BUILDING SIZE
7400
STORIES
1
YEAR BUILT
2024
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
640-110-021
