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81939 Highway 111 2,992 SF Retail Building Indio, CA 92201 $2,379,540 CAD ($795.30 CAD/SF) 6.50% Cap Rate
Executive Summary
PROPERTY WILL BE DELIVERED VACANT! Located along the high traffic commercial corridor of CA-111 in Indio, California, this single tenant restaurant investment offers stable income with minimal management under a Triple Net (NNN) lease structure where the tenant pays taxes, insurance, and maintenance. The 3,450 square foot building generates $95,220 in annual income with 3% annual rent increases, providing built in income growth for investors. The property has also seen major improvements within the last 10 years, including new AC units and a fully renovated stainless steel commercial kitchen. The lease includes a five year term with two additional five year options, creating long term stability in one of the primary commercial corridors of the Coachella Valley.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,992 SF
Building Class
C
Year Built/Renovated
1992/2021
Price
$2,379,540 CAD
Price Per SF
$795.30 CAD
Cap Rate
6.50%
NOI
$154,670 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.48 AC
Zoning
C2 - Commercial zoning allowing restaurant, retail, and service oriented uses along the CA-111 corridor in Indio.
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
73’ on Highway 111
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 616-061-006 | Improvements Assessment | $462,359 CAD |
| Land Assessment | $458,915 CAD | Total Assessment | $921,275 CAD |
Property Taxes
Parcel Number
616-061-006
Land Assessment
$458,915 CAD
Improvements Assessment
$462,359 CAD
Total Assessment
$921,275 CAD
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Presented by
Century 21 Synergia Realty
81939 Highway 111
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