78950 Highway 111 - Department Store FOR SALE


La Quinta, CA 92253
$35,336,000 USD
949-547-2213
78950 Highway 111, La Quinta, CA for Sale
$35,336,000 USD
Department Store - FOR SALE
1/18
null | 6.75% Cap Rate

78950 Highway 111
La Quinta, CA 92253


HIGHLIGHTS

  • 98% Occupied | Net Leases | Regional Shopping Center Declarant
  • Strong Demographics in 3-Mile Trade Area | Affluent Incomes
  • 40-Mile CV Link Pathway | Estimated $1.47B in Economic Impact
  • One Eleven La Quinta Center | 6M+ Visitors Annually | Dense Retail Corridor | Kohls Anchor - Top 97th Percentile (Placer)
  • Two Signalized, Hard Corner Intersections | Ample Signage |La Quinta Tennis Gardens (493,000 Visitors) | BNP Paribas Open

OVERVIEW

SRS Capital Markets is pleased to present the rare opportunity to acquire an irreplaceable and highly successful community center in the affluent community of La Quinta, CA (Coachella Valley MSA). 111 La Quinta Center is located at the strongest intersection of the main retail corridor in the trade area. The offering is made up of 11 parcels spanning across 10.44 acres and consists of three (3) in-line buildings totaling 133,312 SF as part of the approximately 482,607 SF center. Anchor tenants within the center include Stater Bros (NAP) Ross Stores, Hobby Lobby (NAP), Staples, Kohl’s (NAP), Petco, Big 5 Sporting Goods, Five Below, and Daiso. The majority of these retailers are among the strongest performing in the Southern California region. The center continues to be a primary retail destination in Coachella Valley. Additionally, the owner of this portion serves as the declarant of the CC&Rs and will inherit the rights of first offer/refusal to multiple outparcels making it perfect for an assemblage strategy (see page 14 for more details). As of March 2026, ownership has invested $5.46M into the center across façade ($1.16M), roof ($282K), parking lot ($131K), signage ($156K), and tenant improvements ($3.73M), with an additional $558K of 2026 TI scheduled, bringing total capital invested to approximately $6.02M.

FOR SALE DETAILS

PRICE

$35,336,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Eleven La Quinta Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

408

LAND DETAILS

LAND ACRES

10.44 AC

LAND SF

454,766 SF

ZONING

CR

APN/PARCEL ID

604-050-037,643-080-003,643-220-001,643-220-017,643-220-018,643-220-019,643-220-020,643-220-021,643-220-022,643-220-023,643-220-024

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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