Faris Lee Investments is pleased to present a premier investment opportunity featuring a brand new, two-tenant free standing retail pad building with new long-term leases and corporate credit tenants, T-Mobile and Schools First Federal Credit Union, in the heart of Palm Desert, CA. Strategically positioned at one of the busiest intersections in the Coachella Valley along Highway 111 and Fred Waring Dr with over 90,000 vehicles per day, this property is anchored by a high-traffic, Walmart Market-anchored shopping center within a vibrant retail hub. This asset consists of two strong corporate tenants, each representing stability and financial resilience. T-Mobile, a publicly traded telecom leader (NASDAQ: TMUS), reported over $78 billion in revenue in 2023 with a market cap exceeding $265 billion as of October 2024, along with a 43% year-over-year increase in net income in Q3 2024, underscoring its solid market position. Schools First Federal Credit Union, the largest credit union serving school employees, holds $30 billion in assets with a member base of over 1.3 million. Founded in 1934, this member-owned cooperative operates over 30,000 ATMs and 69 branches across California. Both tenants operate under long-term NNN leases with 10% rental increases every five years and three additional five-year options, providing built-in income growth and inflation protection. With tenants covering most property expenses, the property minimizes operational responsibilities for the landlord, enhancing its appeal as a low-maintenance investment. The property is located in a highly desirable retail corridor with excellent visibility and highway frontage, surrounded by major national retailers and high-traffic stores that consistently draw customers from across the region. Adjacent to the Desert Crossing Shopping Center, which recorded over 4.26 million visits in the last 12 months, the property benefits from nearby anchors such as Target, Burlington, Best Buy, and Total Wine & More. Nearby, the Shops at Palm Desert, the only regional mall in the Coachella Valley, attracted 3.99 million visits in the past year and includes Macy’s, JC Penney, and Dick’s Sporting Goods. Planned redevelopment at the mall, including a high-density residential component, is expected to increase its appeal and drive additional traffic. Other nearby retailers, such as Whole Foods and Trader Joe’s, further reinforce this property’s prime location within a vibrant retail hub. Palm Desert’s real estate market is experiencing strong residential growth, with over 7,300 new residential units approved or under construction, increasing the population and driving consumer demand within the immediate trade area. This residential expansion is further complemented by major commercial developments that will significantly impact the local economy. Notable projects include Cotino – Storyliving by Disney, a high-profile community spanning 681 acres, which will feature nearly 2,000 homes, a 24-acre lagoon, and a town center with retail and dining options. Additionally, the DSRT Surf Resort in Palm Desert will introduce 83 residences and a state-of-the-art wave pool, slated to open in Summer 2026. These large-scale developments, blending residential and commercial components, are expected to attract tourism revenue, create substantial employment opportunities, and positively influence the real estate market. Palm Desert’s economy is significantly boosted by the annual Coachella Festival, which contributed approximately $900 million to the Coachella Valley in 2023. Palm Desert itself captures an estimated 20 percent of this impact, translating to around $180 million in economic activity, driving retail demand and creating substantial opportunities for local businesses. With its strategic location, high-credit tenants, and long-term growth potential, this property represents a rare investment opportunity in the dynamic Palm Desert retail market. The combination of affluent demographics, corporate tenants with strong credit, long-term leases, and a high-traffic retail environment positions this property as a valuable asset offering reliable income, appreciation, and robust returns for investors.