Indio Plaza Retail FOR SALE


Indio, CA
$24,200,000 USD
949-271-1170
, Indio, CA for Sale
$24,200,000 USD
Retail - FOR SALE
1/6
null | 6.5% Cap Rate

Indio Plaza
Indio, CA


HIGHLIGHTS

  • Rare Value-Add Grocery Anchored Asset In Dense Southern California Location.
  • Near-term value-creation opportunity through lease-up of approximately 26,033 square feet of vacant GLA (19% of total GLA).
  • Category-Dominant Food 4 Less and dd’s Co-Anchors.
  • Approximately 81% of the occupied square footage consists of national and regional tenants.
  • The trade area is experiencing consistent population growth, with an increase in population of 8.2% between 2020 and 2025.

OVERVIEW

Indio Plaza is a 138,183 square foot Food 4 Less and dd’s Discounts anchored neighborhood shopping center located in the growing and densely populated Coachella Valley community of Indio, CA. The property is situated along the signalized intersection of California Highway 111 and Monroe Street, and benefits from strong traffic counts of over 46,900 vehicles per day along these thoroughfares. The offering presents the rare opportunity to acquire a seasoned grocery anchored shopping center featuring best-in-class anchor tenancy within a densely populated and growing Southern California submarket. Indio Plaza features an 81% national and regional credit tenant base and is anchored by a strong performing 58,000 square foot (approximate) Food 4 Less grocer. Additional national and regional tenancy within the collateral includes dd’s Discounts (Ross Stores - BBB+ S&P Rating), Denny’s (freestanding pad), Subway, Flame Broiler, Sally Beauty, and Don Roberto Jewelers.

ASK ABOUT THIS PROPERTY

Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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