Fountain Plaza offers investors the opportunity to acquire a well-established retail asset positioned at the intersection of convenience and visibility in Palm Desert’s premier retail corridor—El Paseo and Highway 111. This property benefits from 232 feet of frontage along Highway 111, a major commuter artery with traffic counts exceeding 48,500 vehicles per day. Anchored by Keedy’s Diner, a community fixture operating since 1957, the center boasts historical significance and strong tenant loyalty.
The center spans 21,783 square feet on a 0.92-acre parcel with diverse tenants that ensure consistent rental income and cash flow stability. The offering includes 94% occupancy, a forecasted Year One NOI of $499,014, and a cap rate of 7.18%, presenting investors with both attractive in-place income and upside potential through strategic leasing or repositioning. Located within steps of luxury shopping, fine dining, and hospitality amenities on El Paseo, the property sits at the heart of a dense, affluent trade area, close to prominent resorts, golf destinations, and major regional transportation routes.