34900 Monterey Ave - Freestanding FOR SALE


Palm Desert, CA 92211- Outlying Palm Springs
$8,175,000 USD
760-745-0811
34900 Monterey Ave, Palm Desert, CA for Sale
$8,175,000 USD
Freestanding - FOR SALE
1/6
null | 5.95% Cap Rate

34900 Monterey Ave
Palm Desert, CA 92211
Outlying Palm Springs


HIGHLIGHTS

  • Excellent daily traffic
  • Well established, long term Tenant

OVERVIEW

Excellent NNN investment opportunity. This single tenant building has been occupied by Pet Smart since it was built in 2007. Located in the Desert Gateway shopping center of Palm Desert California, this building shares center traffic with several national retailers including: Walmart Super Center, Kohls, Sam's Club, and Panera. Also in close proximity are Lowes, and Costco. The current Lease runs through March 2028, and features three 5-year renewal options. Palm Desert has a population of 112,390 within a 5-mile radius, and the average annual household income is $103,481.00. PetSmart Inc. is a privately held American chain of pet superstores, which sell pet products, services, and small pets. It was founded in 1986, and as of March 2023, has 1,665 locations across North America. In 2024 Pet Smart’s annual sales were nearly $10 billion. Banfield Pet Hospital is a fully functioning veterinary clinic, also located inside this Pet Smart, in addition to their full service grooming center.

FOR SALE DETAILS

PRICE

$8,175,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Petsmart

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

CROSS STREETS

Dinah Shore Dr

LAND ACRES

2.64 AC

LAND SF

114,998 SF

ZONING

-

APN/PARCEL ID

694-090-028

ASK ABOUT THIS PROPERTY

Chris CulverPalomar Enterprises, Inc.More Info
760-745-0811

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Chris CulverPalomar Enterprises, Inc.More Info
760-745-0811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.