* Point of Destination Location – 73759 Highway 111, a ±4,100 SF retail asset that is 100% leased to high-performing, trade area appropriate tenants
* Founded in 1980, Pete Carlson’s Golf & Tennis Shop is the Coachella Valley’s premier and largest selection of golf, tennis, and pickleball gear, offering custom fittings, and professional repair services
* Sapporo Ramen & Grill – A relaxed sit-down restaurant and popular bar has operated at this location since 2018
* Below Market Rents – Property-wide, lease rates are on average 18% below current market rates, allowing the in-place rents to be easily replaced, if not improved if a tenant was to roll
* Excellent Location – The property is well-located along Highway 111 (±34,360 CPD) Coachella’s main arterial and is immediately proximate to El Paseo, a pedestrian-friendly shopping destination offering over 300 upscale retail shops, restaurants and specialty services
* Growing Coachella Valley Demographics – Coachella Valley has recently experienced a resurgence in full-time residents, which has increased +26% in the past decade (far outpacing both state and national averages)
* The population in the Coachella Valley is expected to double in the next ten years