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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



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.
* 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
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
PROPERTY TAXES
| Parcel Number | 643-020-046 | Improvements Assessment | $10,147,609 CAD |
| Land Assessment | $3,585,262 CAD | Total Assessment | $13,732,871 CAD |
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
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Amazon Fresh | 78945 Highway 111
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