Rare Opportunity to Acquire a Fully Leased Trophy Retail Asset on El Paseo
» Premier El Paseo Retail Investment – Opportunity to acquire a fully leased multi-tenant retail property located on Palm Desert’s prestigious El Paseo Drive, the Coachella Valley’s premier luxury retail corridor.
» 100% Leased Stabilized Asset – The property is fully occupied by a healthy mix of boutique retail, dining, and professional tenants, providing stable in-place income.
» Strong In-Place Cash Flow – The property generates approximately $370,862 in NOI, representing a 5.75% cap rate at the asking price.
» NNN Lease Structure – Tenants reimburse operating expenses through a triple net lease structure, reducing landlord management responsibilities.
» Desirable Boutique Retail Environment – Attractive Spanish style architecture with pedestrian-oriented courtyard design that creates a destination retail and dining atmosphere.
» A High Barrier to Entry Market – El Paseo properties rarely trade, providing investors with the opportunity to acquire a long-term generational retail asset.