Available For Sale - Retail

4,000 SF | Show Pricing $

AVAILABILITY DETAILS

Size
4,000 SF
Price/SF
Show Pricing $
Listing ID
SA387919
Notes
Cap Rate 3.25%

NOI $79,000

Building Size 4,000 sqft

Lot Area 0.82 acres

Occupancy 100%

Lease Type Ground

Year Built 2014

Tenancy Single

Parking Spots14

Lease Expire Year 10/31/2034





The lease is corporately guaranteed by McDonald’s USA, LLC.



This property is 2014 construction and features double ordering drive through lanes.



The lease structure is a triple net (NNN) ground lease, with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities.



There are over fourteen (14.6) years remaining on the lease term, plus four (4), five (5) year options.



The lease provides for 10% rental increases every five (5) years.



The subject property sits directly adjacent to the 1,600-acre Sun City Palm Desert resort-style retirement community, which houses 9,000 residents in 5,000 single-level homes. Sun City Palm Desert was ranked as one of “The 8 Best Places to Retire in America” by Money.com.



There are 125,356 residents located in the five (5) mile demographic ring, and population is expected to grow at an annual rate of 1.41% over the next five (5) years.



The property is located directly off of the I-10 freeway and has excellent visibility to passing motorists. The I-10 freeway reports traffic counts of 91,000 cars per day.



The I-10 freeway is the fourth longest interstate in the United States at 2,460.34 miles long. It stretches all the way from the Pacific Ocean in Santa Monica, CA to the I-95 in Jacksonville, FL. Major cities connected by the I-10 freeway include Los Angeles, Phoenix, Tucson, El Paso, San Antonio, Houston, Baton Rouge, New Orleans, Tallahassee and more.



Known as the cultural and retail center of the desert communities, the City of Palm Desert is located just 14 miles (22 minutes) from the popular city of Palm Springs.



Approximately 1 million tourists stay in hotels in the Palm Springs area annually while another 600,000 visitors stay in non-hotel accommodations. Tourists are drawn to this area because of its world-class hotels, resorts, country clubs, golf courses, and restaurants. The area’s art and music festivals also draw in many tourists throughout the year.



McDonald’s is surrounded by several popular retailers including Starbucks, Burger King, Coco’s, Popeye’s, Stater Bros., Walgreens, and True Value, among others.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Ian Schroeder, CBRE