72797 Dinah Shore Dr - Freestanding FOR SALE


Rancho Mirage, CA 92270
$2,300,000 USD
714-393-2552
72797 Dinah Shore Dr, Rancho Mirage, CA for Sale
$2,300,000 USD
Freestanding - FOR SALE
1/7
null | 4.35% Cap Rate

72797 Dinah Shore Dr
Rancho Mirage, CA 92270


HIGHLIGHTS

  • 2 Years Remaining | Corporate Signed Ground Lease |Below Market Rent
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Outparcel to Home Depot Anchored Center | I-10 (107,000 VPD) | Across From Monterey Shore Plaza (Costco Wholesale Anchored)
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• Approximately 2 years remaining with 2 (5-year) option periods to extend • Red Robin corporate signed lease • Features approximately 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation • Features below market ground rent

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$348 USD /SF

CAP RATE

4.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Red Robin | Outparcel to Home Depot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

CROSS STREETS

Monterey Ave

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

Commercial

APN/PARCEL ID

685-070-007

ASK ABOUT THIS PROPERTY

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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