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Amazon Fresh 78945 Highway 111 36,876 SF Retail Building La Quinta, CA 92253 $16,143,453 CAD ($437.78 CAD/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Best in Class Credit STNL Investment – 36,876 SF retail building, leased to Amazon Retail, LLC, guaranteed by Amazon, Inc.
  • Newly Renovated Building
  • Entertainment Hub – The Coachella Valley welcomes nearly 1 million attendees annually across two music festivals spanning the entire month of April
  • Long Term Lease, Coupon Clipper Lease – Amazon Fresh is on a long-term 15- year NNN lease (13+ years remaining)
  • Significant Frontage, Visibility and Ease of Access – Washington Park boasts over ±2,300 linear feet of frontage along Highway 111
  • High Traffic Location – Strong traffic counts of ±39,747 CPD along Hwy 111 and ±49,028 CPD at Washington St

EXECUTIVE SUMMARY

* Best in Class Credit STNL Investment – 36,876 SF retail building, leased to Amazon Retail, LLC, guaranteed by Amazon, Inc., a Fortune 500 top “2” company, located in Washington Park, a 511,171 SF, dominant institutional-quality community shopping center fronting Highway 111, co-anchored by a high performing Target, Lowe’s, Trader Joe’s, ULTA, TJ Maxx, Cost Plus World Market and CVS

* Long Term Lease, Coupon Clipper Lease – Amazon Fresh is on a long-term 15- year NNN lease (13+ years remaining), virtually eliminating any near-term risk, perfect for out town and passive investors

* Newly Renovated Building – The roof, HVAC, storefront with tenant’s branding, floor slab, electrical, plumbing, trash enclosures as well as dual dock high loading docks to serve a high-volume operation are all newly constructed

* Significant Frontage, Visibility and Ease of Access – Unmatched visibility, Washington Park boasts over ±2,300 linear feet of frontage along Highway 111, the most traveled arterial in the trade area

* High Traffic Location – Strong traffic counts of ±39,747 cars per day along Highway 111 and ±49,028 cars per day at Washington Street and over ±14,000 cars per day along Adams Street

* Entertainment Hub – The Coachella Valley welcomes nearly 1 million attendees annually across two music festivals spanning the entire month of April, both “Stagecoach” and “Coachella” represent top 10 music festivals nationally by attendance and convert the immediate region into the center of southern California’s music scene every spring. Additionally, every March the Indian Wells Tennis Gardens hosts the “BNP Paribas Open” which welcomes more than 475,000 fans yearly.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
36,876 SF
Building Class
C
Year Built/Renovated
2004/2024
Price
$16,143,453 CAD
Price Per SF
$437.78 CAD
Cap Rate
6%
NOI
$968,640 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
3.97 AC
Zoning
CR - Regional Commercial
Parking
250 Spaces (6.78 Spaces per 1,000 SF Leased)
Frontage
686’ on Highway 111

AMENITIES

  • Bus Line
  • Signalized Intersection

NEARBY MAJOR RETAILERS

Planet Fitness
Curves
Starbucks
Amazon Fresh
Sprouts Farmers Market
Yoga Six
Samurai Sam's Teriyaki Grill
The Habit Burger Grill
Luna Grill
Trader Joe's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
643-020-046
Land Assessment
$3,585,262 CAD
Improvements Assessment
$10,147,609 CAD
Total Assessment
$13,732,871 CAD
  • Listing ID: 36667378

  • Date on Market: 2025-07-09

  • Last Updated:

  • Address: 78945 Highway 111, La Quinta, CA 92253

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