Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a Walmart Neighborhood Market located at 72314 CA Highway 111 in Palm Desert, California (the “Property”). The free-standing single tenant Walmart Neighborhood Market consists of a 45,648 square foot building on a 5.37-acre parcel of land. Walmart Neighborhood Market has been at this location since 2012 and recently extended their lease demonstrating their commitment to the site and the market. Walmart Neighborhood Market has 12+ years remaining on their lease with four (4) renewal options. The lease calls for an attractive 5% increase every 5-years throughout the primary lease term and at the start of each renewal option. Walmart Neighborhood Market is extremely well located at the signalized intersection of Fred Waring Drive and CA Highway 111, the region’s primary retail and commuter corridor. The Property enjoys outstanding visibility, frontage and access and is part of a dominant trade area that is home to countless national retailers and restaurants, the Shops at Palm Desert (mall), The River at Rancho Mirage, El Paseo Shopping District, College of the Desert (14,000 students), countless golf and country clubs and major roadways including CA Highways 111 and 74, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools, multiple nationally branded resorts and hotels, and is surrounded by densely populated residential neighborhoods providing a built-in customer base.