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490 E Sunny Dunes Rd
Palm Springs, CA 92264
US LBM | Absolute NNN Lease · Retail Property For Sale
Investment Highlights
- US LBM: One of the Nation’s Largest Building Materials Distributors
- Low Price Point: Offers Investors a Lower Total Capital Requirement for an Absolute NNN Industrial Asset
- In-Place Rent Sits More Than 50% Below Market
Executive Summary
-US LBM: One of the Nation’s Largest Building Materials Distributors
-In-Place Rent is Currently More than 50% Below Market Rates
-Low Price Point: Offers Investors a Lower Total Capital Requirement for an Absolute NNN Industrial Asset
---Strong Credit Tenant---
-Market Leadership: US LBM Operates Over 460 Locations Across the U.S. with Over $8 Billion in Annual Revenue
-Well Capitalized: Tenant is Backed by Bain Capital and Platinum Equity
-E-Commerce & Recession-Resilient: US LBM Business Model Is Well-Suited to Thrive in Various Economic Conditions
---Strong Real Estate Fundamentals---
-Highly Desirable Site: The Property Boasts a Rare 1.26-Acre Lot of Useable Outdoor Storage Space, a Key Feature in Today’s Market
-Prime Location: Located in Central Palm Springs with a High Barrier to Entry for New Development
-Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
-High Average Household Income: Average Household Income Within Three Miles Exceeds $108,000, Supporting Local Spending Capacity and Demand for Service-Oriented Commercial and Industrial Uses
-In-Place Rent is Currently More than 50% Below Market Rates
-Low Price Point: Offers Investors a Lower Total Capital Requirement for an Absolute NNN Industrial Asset
---Strong Credit Tenant---
-Market Leadership: US LBM Operates Over 460 Locations Across the U.S. with Over $8 Billion in Annual Revenue
-Well Capitalized: Tenant is Backed by Bain Capital and Platinum Equity
-E-Commerce & Recession-Resilient: US LBM Business Model Is Well-Suited to Thrive in Various Economic Conditions
---Strong Real Estate Fundamentals---
-Highly Desirable Site: The Property Boasts a Rare 1.26-Acre Lot of Useable Outdoor Storage Space, a Key Feature in Today’s Market
-Prime Location: Located in Central Palm Springs with a High Barrier to Entry for New Development
-Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
-High Average Household Income: Average Household Income Within Three Miles Exceeds $108,000, Supporting Local Spending Capacity and Demand for Service-Oriented Commercial and Industrial Uses
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,700 SF
Building Class
C
Year Built
1950
Price
$2,121,308 CAD
Price Per SF
$243.83 CAD
Cap Rate
5.50%
NOI
$116,693 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.75 AC
Property Taxes
| Parcel Number | 508-132-053 | Improvements Assessment | $784,708 CAD |
| Land Assessment | $307,199 CAD | Total Assessment | $1,091,907 CAD |
Property Taxes
Parcel Number
508-132-053
Land Assessment
$307,199 CAD
Improvements Assessment
$784,708 CAD
Total Assessment
$1,091,907 CAD
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