78945 Highway 111 - Freestanding FOR SALE


La Quinta, CA 92253
$11,677,000 USD
949-725-8473
78945 Highway 111, La Quinta, CA for Sale
$11,677,000 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

78945 Highway 111
La Quinta, CA 92253


HIGHLIGHTS

  • Best in Class Credit STNL Investment – 36,876 SF retail building, leased to Amazon Retail, LLC, guaranteed by Amazon, Inc.
  • Long Term Lease, Coupon Clipper Lease – Amazon Fresh is on a long-term 15- year NNN lease (13+ years remaining)
  • Newly Renovated Building

OVERVIEW

* Best in Class Credit STNL Investment – 36,876 SF retail building, leased to Amazon Retail, LLC, guaranteed by Amazon, Inc., a Fortune 500 top “2” company, located in Washington Park, a 511,171 SF, dominant institutional-quality community shopping center fronting Highway 111, co-anchored by a high performing Target, Lowe’s, Trader Joe’s, ULTA, TJ Maxx, Cost Plus World Market and CVS * Long Term Lease, Coupon Clipper Lease – Amazon Fresh is on a long-term 15- year NNN lease (13+ years remaining), virtually eliminating any near-term risk, perfect for out town and passive investors * Newly Renovated Building – The roof, HVAC, storefront with tenant’s branding, floor slab, electrical, plumbing, trash enclosures as well as dual dock high loading docks to serve a high-volume operation are all newly constructed * Significant Frontage, Visibility and Ease of Access – Unmatched visibility, Washington Park boasts over ±2,300 linear feet of frontage along Highway 111, the most traveled arterial in the trade area * High Traffic Location – Strong traffic counts of ±39,747 cars per day along Highway 111 and ±49,028 cars per day at Washington Street and over ±14,000 cars per day along Adams Street * Entertainment Hub – The Coachella Valley welcomes nearly 1 million attendees annually across two music festivals spanning the entire month of April, both “Stagecoach” and “Coachella” represent top 10 music festivals nationally by attendance and convert the immediate region into the center of southern California’s music scene every spring. Additionally, every March the Indian Wells Tennis Gardens hosts the “BNP Paribas Open” which welcomes more than 475,000 fans yearly.

FOR SALE DETAILS

PRICE

$11,677,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amazon Fresh

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

CROSS STREETS

Adams St

LAND ACRES

3.97 AC

LAND SF

172,933 SF

ZONING

CR

APN/PARCEL ID

643-020-046

ASK ABOUT THIS PROPERTY

949-725-8473

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949-725-8473

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