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73155 Highway 111 8,000 SF 100% Leased Retail Building Palm Desert, CA 92260 $5,470,119 CAD ($683.76 CAD/SF) 7.88% Cap Rate
Investment Highlights
- Heavy Day time Traffic, Building has been in business for over 52 Years.
Executive Summary
This building features two restaurants, providing immediate operating income with the purchase. The second business is negotiable, and the property includes 212 parking spaces. restaurant has been a trusted name for 57 years, earning a strong reputation in and around the Palm Desert area. With four additional operating locations, this is an exceptional business opportunity. With a low 3% franchise fee, it could be yours to own and grow.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 SF
Building Class
C
Year Built
1980
Price
$5,470,119 CAD
Price Per SF
$683.76 CAD
Cap Rate
7.88%
NOI
$430,772 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.18
Lot Size
1.02 AC
Zoning
C1SP - This allows for small scale commercial uses that serve the surrounding neighborhood, such as retail shops, restaurants, personal services, or offices.
Parking
68 Spaces (8.5 Spaces per 1,000 SF Leased)
Frontage
200’ on Palm Desert
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 627-192-038 | Improvements Assessment | $2,387,412 CAD |
| Land Assessment | $1,372,952 CAD | Total Assessment | $3,760,364 CAD |
Property Taxes
Parcel Number
627-192-038
Land Assessment
$1,372,952 CAD
Improvements Assessment
$2,387,412 CAD
Total Assessment
$3,760,364 CAD
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Presented by
Century 21 Synergia Realty
73155 Highway 111
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