Palm Springs Retail for Sale - Coachella Valley

Property Subtype:

Bank

Date on Market:

2026-06-09

Cathedral City Retail for Sale - Coachella Valley

This offering presents an opportunity to acquire a passive, necessity-based retail asset backed by a proven grocery operator (Grocery Outlet). The combination of stable workforce demographics, regional demand drivers, and a long-term net lease structure provides durable income and downside protection within the growing Palm Desert market. - 15-year lease to Grocery Outlet (~10 years remaining), a national grocer tenant, with a proven discount grocery concept - Strategic Coachella Valley location & durable workforce demographics - Long-term net lease with ~10 years remaining (+20 years of extension options), ideal for 1031 exchange buyer

Property Subtype:

Storefront

Date on Market:

2026-05-05

Palm Desert Retail for Sale - Coachella Valley

This is a prime retail/office property with excellent exposure on Highway 111 in Palm Desert at the signalized intersection of Painters Path. It is a two story professional retail /office building with elevator built in 1988 and fully renovated in 2021. It is located in the center of Palm Desert's retail shopping, dining, and financial district. It is in a very strong Retail Trade area which includes; Walmart, Target, Whole Foods, Nordstrom Rack, Starbucks, PGA Superstore, Trader Joe's, Best Buy, TJ Maxx, Marshals, Home Goods, Marriott Springhill Suites, US Bank, Chase Bank, In N Out Burger, Wells Fargo, Hobby Lobby, Total Wines and More and several other retail stores and restaurants.

Property Subtype:

Storefront Retail/Office

Date on Market:

2026-04-10

Rancho Mirage Retail for Sale - Coachella Valley

• Approximately 1.5 years remaining with 2 (5-year) option periods to extend • Red Robin corporate signed lease • Features approximately 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation • Features below market ground rent

Property Subtype:

Freestanding

Date on Market:

2026-03-25

Desert Hot Springs Retail for Sale - Coachella Valley

Compass is pleased to present a rare opportunity to acquire a freestanding automotive service facility with an established tenant located along the high-traffic Palm Drive commercial corridor in Desert Hot Springs. The tenant operates under a triple net (NNN) lease structure, offering investors a stable income investment with reduced management responsibilities. Strategically situated along Palm Drive, the city’s primary retail corridor, the property benefits from strong visibility and accessibility and is surrounded by national retailers, grocery stores, restaurants, and neighborhood service businesses near major intersections. This opportunity may appeal to investors seeking stable tenancy, automotive operators looking to expand their footprint, or buyers planning for potential future owner-user occupancy while benefiting from an income-producing property. Located along one of Desert Hot Springs’ most active commercial corridors serving surrounding residential communities and regional traffic.

Property Subtype:

Auto Repair

Date on Market:

2026-03-16

Rancho Mirage Retail for Sale - Coachella Valley

Outstanding retail/education investment in one of the most affluent cities in the Coachella Valley. This single-tenant building is uniquely approved for education use and is currently occupied by San Joaquin Valley College, an accredited trade school. SJVC is a strong regional tenant with 15 campuses in California. The lease structure is NNN+CAM, with roof and structure as landlord responsibilities. The current lease runs through January 2029 with 3% annual rent increases, and one additional 3-year extension option at 95% of FMV. Located in the Monterey Marketplace of Rancho Mirage, this building shares center traffic with retailers including Home Depot, Regal Movie Theaters and Pacific Sales, is directly across the street from Costco and Walmart, and less than 1 mile from the new Disney development, Cotino. Significant recent improvements to the property include roof reconditioning (completed Dec 2025 with a 10-year warranty) and a new $595,000 HVAC system installed in 2022. Zoned C-C, “Community Commercial,” intended for large, community-scale shopping centers and malls that can include large retail outlets, restaurants, hotels, and entertainment uses.

Property Subtype:

Freestanding

Date on Market:

2026-03-10

Palm Springs Retail for Sale - Coachella Valley

- Premier Downtown Palm Springs Location: Situated on South Palm Canyon Drive, one of Palm Springs’ most iconic and heavily traveled corridors, the property benefits from exceptional visibility, strong traffic counts, and walkability in the heart of the city’s restaurant and entertainment district. - Rare two-tenant restaurant building offering an owner-user or upside investor an opportunity to own an easy to manage property in the high barrier to entry core Palm Springs market. One seasoned tenant is well below market rent with no renewal options creating an occupancy opportunity for an operator or a 4.7% Cap NNN investment while an upside investor positions the property for a new restaurant tenant in 2027. Call for details. - Attractive Yield in a Supply-Constrained Market: Offered at $4,700,000 with a 4.7% cap rate, representing a rare opportunity to acquire stabilized restaurant real estate in a high-barrier-to-entry Palm Springs submarket. - Longstanding, Proven Tenancy: Anchored by Johnny Costa’s Ristorante, a Palm Springs institution with nearly five decades of operating history, and Churrasco Brazilian Steakhouse, a high-performing experiential dining concept with multiple locations. - Recent Renovations & Strong Physical Fundamentals: Originally built in 1960 and substantially renovated in 2022, the property features modernized improvements, prominent storefronts, excellent signage, and outdoor patio components that enhance the guest experience. - High Barriers to Entry & Consistent Demand: Located in a low-vacancy, high-demand restaurant corridor with limited new supply, strong demographics, and consistent year-round tourism driving restaurant sales.

Property Subtype:

Freestanding

Date on Market:

2026-01-23

Palm Springs Retail for Sale - Coachella Valley

LOCATION HIGHLIGHTS - Restaurant in A++ downtown Palm Springs restaurant/ bar zone - Take advantage of over 1,650,000 annual visitors to Palm Springs - The immediate block has the highest food & beverage revenues in the Coachella Valley - Strong demographics: over 34,000 population within a 3-mile radius with an average HH income of over $118,000 INVESTMENT HIGHLIGHTS - Mid-block signalized pedestrian-only crosswalk connects the subject property to numerous bars/restaurants across the street - 2-story building with contemporary architecture that stands out on the block - Quality steel frame constructed building with outstanding signage - Highest foot traffic location in the entire Coachella Valley - Extensive restaurant fixtures, furniture, and equipment - $1,000,000 interior building upgrades completed in 2022 in the vacant ground-floor space. - Contiguous to a 4-story City parking structure with free parking and deeded building signage for both tenants of the subject building facing Indian Canyon Drive. - Large, highly sought-after patio space on street-level space and a rare large deck on the second-floor space - 7 years left of the second-floor lease term and 10 years left on the street-level lease term

Property Subtype:

Restaurant

Date on Market:

2025-05-06