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NNN Desert Hot Spring Town Center 14010 Palm Dr 4,000 SF Retail Building Desert Hot Springs, CA 92240 $1,986,651 CAD ($496.66 CAD/SF) 3.94% Cap Rate
Investment Highlights
- High visibility corner location along Palm Drive
- Dedicated office / reception area
- 6-bay automotive service facility
- Opportunity for future rent repositioning
Executive Summary
Compass is pleased to present a rare opportunity to acquire a freestanding automotive service facility with an established tenant located along the high-traffic
Palm Drive commercial corridor in Desert Hot Springs.
The tenant operates under a triple net (NNN) lease structure, offering investors a stable income investment with reduced management responsibilities.
Strategically situated along Palm Drive, the city’s primary retail corridor, the property benefits from strong visibility and accessibility and is surrounded by
national retailers, grocery stores, restaurants, and neighborhood service businesses near major intersections.
This opportunity may appeal to investors seeking stable tenancy, automotive operators looking to expand their footprint, or buyers planning for potential
future owner-user occupancy while benefiting from an income-producing property. Located along one of Desert Hot Springs’ most active commercial corridors serving surrounding residential communities and regional traffic.
Palm Drive commercial corridor in Desert Hot Springs.
The tenant operates under a triple net (NNN) lease structure, offering investors a stable income investment with reduced management responsibilities.
Strategically situated along Palm Drive, the city’s primary retail corridor, the property benefits from strong visibility and accessibility and is surrounded by
national retailers, grocery stores, restaurants, and neighborhood service businesses near major intersections.
This opportunity may appeal to investors seeking stable tenancy, automotive operators looking to expand their footprint, or buyers planning for potential
future owner-user occupancy while benefiting from an income-producing property. Located along one of Desert Hot Springs’ most active commercial corridors serving surrounding residential communities and regional traffic.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,000 SF
Building Class
B
Year Built
1992
Price
$1,986,651 CAD
Price Per SF
$496.66 CAD
Cap Rate
3.94%
NOI
$78,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.83 AC
Zoning
C-G
Parking
25 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
103’ on Palm Dr
Amenities
- Pylon Sign
- Signage
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 656-040-043 | Improvements Assessment | $746,596 CAD |
| Land Assessment | $811,519 CAD | Total Assessment | $1,558,115 CAD |
Property Taxes
Parcel Number
656-040-043
Land Assessment
$811,519 CAD
Improvements Assessment
$746,596 CAD
Total Assessment
$1,558,115 CAD
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NNN Desert Hot Spring Town Center | 14010 Palm Dr
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