81939 Highway 111 - Restaurant FOR SALE


Indio, CA 92201
$1,699,999 USD
909-496-0186
81939 Highway 111, Indio, CA for Sale
$1,699,999 USD
Restaurant - FOR SALE
1/31
null | 6.5% Cap Rate

81939 Highway 111
Indio, CA 92201


OVERVIEW

Located along the high traffic commercial corridor of CA-111 in Indio, California, this single-tenant restaurant investment offers stable income with minimal management under a Triple Net (NNN) lease structure where the tenant pays taxes, insurance, and maintenance. The 3,450 square foot building generates $95,220 in annual income with 3% annual rent increases, providing built in income growth for investors. The property has also seen major improvements within the last 10 years, including new AC units and a fully renovated stainless steel commercial kitchen. The lease includes a five year term with two additional five year options, creating long term stability in one of the primary commercial corridors of the Coachella Valley.

FOR SALE DETAILS

PRICE

$1,699,999 USD

PRICE/SF

$568 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,908 SF

ZONING

C2

APN/PARCEL ID

616-061-006

ASK ABOUT THIS PROPERTY

Bryan SanchezCentury 21 Synergia RealtyMore Info
909-496-0186

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Bryan SanchezCentury 21 Synergia RealtyMore Info
909-496-0186

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