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74225 Highway 111 7,500 SF of Retail Space Available in Palm Desert, CA 92260
HIGHLIGHTS
- Premier Class A mixed-use property at the intersection of El Paseo Drive & Highway 111
- High-end architectural design with lush landscaping, fire pits, and abundant parking (320 spaces with valet service)
- Positioned in the heart of Palm Desert’s luxury shopping and dining corridor
- Home to national and regional tenants including Wells Fargo, Morgan Stanley, RBC Wealth, Compass, and Shogun Japanese Restaurant
- ±7,500 SF turnkey restaurant space now available for lease (Suite B), fully built-out with FF&E
- Excellent signage visibility on Highway 111, with over 63,000 vehicles per day
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B | 7,500 SF | Negotiable | $32.66 CAD/SF/YR $2.72 CAD/SF/MO $244,984 CAD/YR $20,415 CAD/MO | Triple Net (NNN) |
1st Floor, Ste B
Turnkey High-End Restaurant for Lease – El Paseo, Palm Desert ±7,500 SF fully built-out restaurant space with FF&E included, located in the prestigious One El Paseo Plaza. Features 1,700 SF of rent-free patio space, seating for 374 (indoor/outdoor), and prominent signage along Highway 111. Positioned in Palm Desert’s luxury retail and dining corridor, surrounded by Fortune 500 tenants including Wells Fargo, Morgan Stanley, and RBC Wealth. Offered at $1.95/SF NNN – ready for immediate occupancy.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- High End Trophy Space
- Anchor Space
- Corner Space
- High Ceilings
- Professional Lease
- Turnkey Restaurant Opportunity
- Prime El Paseo Location
- Located in One El Paseo Plaza
- Expansive Outdoor Patio
- High Capacity Layout
- High Visibility Signage
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 74225 HIGHWAY 111, PALM DESERT, CA 92260
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Shogun
- Restaurant
- 3
- Regional
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Shogun | Restaurant | 3 | Regional |
PROPERTY FACTS
| Total Space Available | 7,500 SF | Gross Leasable Area | 16,032 SF |
| Property Type | Retail | Year Built | 2023 |
| Property Subtype | Restaurant |
| Total Space Available | 7,500 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 16,032 SF |
| Year Built | 2023 |
ABOUT THE PROPERTY
One El Paseo Plaza is a premier Class A mixed-use complex located at the high-visibility intersection of Highway 111 and El Paseo Drive in Palm Desert. The property features two luxury office buildings totaling 75,000 SF, surrounded by upscale landscaping, fire pits, and premium architectural finishes. Anchored by prominent tenants such as Morgan Stanley, Wells Fargo, RBC Wealth Management, Compass, and Shogun Japanese Restaurant, the plaza offers a dynamic blend of office and dining experiences. Now available for lease is Suite B, a ±7,500 SF fully built-out, turnkey restaurant space with FF&E included. This space also offers 1,700 SF of rent-free outdoor patio seating, monument signage, and an unmatched presence along El Paseo. It represents a rare opportunity for a restaurateur to join an elite tenant mix in one of the Coachella Valley’s most recognized destinations.
- Restaurant
NEARBY MAJOR RETAILERS
CONTACTS
-
Michael Lyle -
Steve Lyle -
Brian Ward -
Coldwell Banker Commercial Lyle & Associates
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74225 Highway 111
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