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IHOP 471 S Indian Canyon Dr 4,503 SF 100% Leased Retail Building Palm Springs, CA 92262 $3,400,134 CAD ($755.08 CAD/SF) 10.04% Cap Rate
Investment Highlights
- IHOP with Short Term Lease - Tenant has indicated there may be potential for an early lease termination. Ask Broker for details.
- Currently an IHOP Restaurant with short term lease – Freestanding 4,503 SF building with prominent signage and ample on-site parking.
- Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand.
- Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries.
- High-Traffic Corridor – Strong daily traffic counts exceeding 32,000 vehicles per day.
- Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.
Executive Summary
IHOP with Short Term Lease - Tenant has indicated there may be potential for an early lease termination. Ask Broker for details.
Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries offering excellent visibility and accessibility.
Currently an IHOP Restaurant with short term lease – Freestanding 4,503 SF building with prominent signage and ample on-site parking.
High-Traffic Corridor – Strong daily traffic counts exceeding 32,000 vehicles per day.
Affluent Trade Area – Average household income within 3 miles exceeds $100,000.
Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand.
Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.
Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries offering excellent visibility and accessibility.
Currently an IHOP Restaurant with short term lease – Freestanding 4,503 SF building with prominent signage and ample on-site parking.
High-Traffic Corridor – Strong daily traffic counts exceeding 32,000 vehicles per day.
Affluent Trade Area – Average household income within 3 miles exceeds $100,000.
Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand.
Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.
Property Facts In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,503 SF
Building Class
C
Year Built
1992
Price
$3,400,134 CAD
Price Per SF
$755.08 CAD
Cap Rate
10.04%
NOI
$341,401 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.52 AC
Zoning
CBD
Parking
20 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
118’ on South Indian Canyon Drive
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 513-214-016 | Improvements Assessment | $4,894,276 CAD |
| Land Assessment | $1,242,989 CAD | Total Assessment | $6,137,264 CAD |
Property Taxes
Parcel Number
513-214-016
Land Assessment
$1,242,989 CAD
Improvements Assessment
$4,894,276 CAD
Total Assessment
$6,137,264 CAD
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IHOP | 471 S Indian Canyon Dr
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