79255 Highway 111 - Freestanding FOR SALE


La Quinta, CA 92253 | 
$6,250,000 USD
760-822-6094
79255 Highway 111, La Quinta, CA for Sale
$6,250,000 USD
Freestanding - FOR SALE
1/10
null | 6.5% Cap Rate

79255 Highway 111
La Quinta, CA 92253


HIGHLIGHTS

  • 100% OCCUPIED | 6.7-YEAR WALT
  • WALMART & COSTCO SHADOW ANCHORS - HIGHWAY 111 FRONTAGE
  • DURABLE CONTRACTUAL RENT GROWTH
  • TESLA EV CHARGING INCOME

OVERVIEW

Rose Retail Group has been selected to exclusively market for sale the fee simple interest in La Quinta Centre, a 100% occupied 10,803 SF multi-tenant retail outparcel to the 495,542 SF La Quinta Power Center featuring major national retailers including Walmart Supercenter, Costco Wholesale, Floor & Decor, Marshalls, PetSmart, and other established retailers. The Property offers exceptional frontage along the signalized intersection of Highway 111 and Dune Palms Road, benefiting from exposure to over 22,000 vehicles per day within La Quinta's dominant retail corridor. The Property is leased to a diversified tenant roster of regional and national service-oriented retailers including Tesla Supercharger, Bright Now! Dental, Palm's Café, Healthy Self Weight Loss, Big Juice Bar, and Wondercuts. The center provides investors with stable cash flow supported by a 6.7-year weighted average lease term, with contractual escalations projected to grow NOI to approximately $583,324 by Year 10, increasing the in-place yield from 6.5% to 9.33% equal to a 3.7% compound annual growth rate. PROJECT FINANCIALS La Quinta Centre is offered at $6,250,000, reflecting a 6.5% capitalization rate on in-place NOI of $405,453, or $579/SF. The Property benefits from a tenant reimbursement structure that places operating expenses, including CAM, insurance, taxes, and utilities, on tenants while maintaining landlord responsibility for roof and structural components. LOCATION Strategically located along Highway 111, La Quinta Centre benefits from immediate access to one of the Coachella Valley's most established retail corridors, serving as a primary commercial artery connecting La Quinta, Indian Wells, Palm Desert, and surrounding communities. The Property offers exceptional visibility along a high-traffic corridor with convenient access for both year-round residents and seasonal visitors throughout the region. The Property is positioned adjacent to major retail demand drivers including Walmart Supercenter, Costco Wholesale, Marshalls, and Floor & Decor, creating a strong consumer draw and supporting consistent daily traffic to the corridor. The Primary Trade Area generates approximately 14.1 million consumer visits annually and benefits from a strong demographic profile with a median household income of $87,760, supporting sustained demand for necessity-based retail and services. https://laquintacentre.sharplaunch.com/ The immediate trade area continues to experience significant residential and commercial investment, expanding the Property's long-term customer base. Nearby development projects include the approved 252-unit La Quinta Village Apartments, 88-unit Flora at Jefferson Square, the 125-room Hampton Inn La Quinta, and the master-planned Club at Coral Mountain community featuring up to 750 residential units and 60,000 SF of retail space. These developments are expected to further enhance population growth, consumer activity, and retail demand throughout the surrounding market.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$578 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Centre Strip +Walmart+Costco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

CR

APN/PARCEL ID

600-340-005

ASK ABOUT THIS PROPERTY

Parker WadaMarcus & MillichapMore Info
760-822-6094

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Parker WadaMarcus & MillichapMore Info
760-822-6094

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