78772 Highway 111 - Restaurant FOR SALE


La Quinta, CA 92253
$7,232,000 USD
949-547-2213
78772 Highway 111, La Quinta, CA for Sale
$7,232,000 USD
Restaurant - FOR SALE
1/11
null | 5% Cap Rate

78772 Highway 111
La Quinta, CA 92253


HIGHLIGHTS

  • Brand New 10 & 15-Year Lease | 2026 Redevelopment | Net Leases
  • Outparcel to One Eleven La Quinta Center | 6M+ Visitors Annually |Dense Retail Corridor | Kohls Anchor - Top 97th Percentile (Placer)
  • Two Signalized, Hard Corner Intersections | Centralized Location |La Quinta Tennis Gardens (493,000 Visitors) | BNP Paribas Open
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes
  • 40-Mile CV Link Pathway | Estimated $1.47B in Economic Impact

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 2-tenant, freestanding Shake Shack and Cava Pad located in La Quinta, CA (Coachella Valley MSA). The property is positioned on a 0.56-acre parcel and is comprised of two suites totaling 5,832 SF. The property was completely redeveloped in 2026 and features brand new construction, top-of-the-line amenities, and a modern design, significantly minimizing the risk of near-term capital expenditures. In addition, the tenant lineup is comprised of Shake Shack (NYSE: SHAK) and Cava (NYSE: CAVA), two publicly traded, nationally recognized fast casual restaurants with a combined market cap of more than approximately $11.4 billion. The tenants recently signed new 15-year (Shake Shack) and 10-year (Cava) leases with multiple options to extend, demonstrating their long-term commitment to the subject trade area and shopping center. Both leases are structured as net leases and feature scheduled 10% increases every five years, minimizing expense leakage for a future investor and providing a hedge against inflation.

FOR SALE DETAILS

PRICE

$7,232,000 USD

PRICE/SF

$1,223 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cava & Shake Shack | 2026 Redevelopment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

CROSS STREETS

Simon Dr

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

CR

APN/PARCEL ID

643-080-037

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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