949-725-8507
74895-74989 US Highway 111, Indian Wells, CA for Sale
Storefront Retail/Office - FOR SALE
1/8
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74895-74989 US Highway 111
Indian Wells, CA 92210


HIGHLIGHTS

  • Institutional-Quality Grocery and Drug Anchored Shopping Center
  • Long Term Grocery Anchor Lease – Sprouts recently signed a brand-new lease occupying 22,331 SF in October 2023 that expires in October 2038
  • Significant NOI Growth

OVERVIEW

* Institutional-Quality Grocery and Drug Anchored Shopping Center – Dominant, high-performing Sprouts and CVS anchored shopping center within an established suburban neighborhood of Southern California’s Coachella Valley * Long Term Grocery Anchor Lease – Sprouts recently signed a brand-new lease occupying 22,331 SF in October 2023 that expires in October 2038 * Significant NOI Growth – Due to the lease up of vacant space, below market rents rolling to market, and embedded rental escalations the Net Operating Income is expected to increase more than $1,112,000 (57%) over the expected hold period, producing a robust Compound Annual Growth Rate approaching 5.0% * Excellent WALT – Secure, diverse and established income stream – with a current WALT of 5.89 Years, no more than 10% of the existing GLA expires in the first two years while over 39% of the leased GLA has operated at this location for over 15 years * High Visibility, High Traffic Location – The Village at Indian Wells benefits from excellent accessibility and visibility with 1,800 linear feet of frontage along CA Highway 111 (±33,149 CPD), Coachella Valley’s primary thoroughfare * Affluent, Growing Coachella Valley Demographics – More than 7,935 people within a 1-mile radius, with an Average Household Income of $133,777, and more than 41,190 people within a 3-mile radius, with an Average Household Income of $135,428

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Village At Indian Wells

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

397

LAND DETAILS

LAND ACRES

9.03 AC

LAND SF

393,347 SF

ZONING

-

APN/PARCEL ID

009-612-597,625-150-009,625-150-010

ASK ABOUT THIS PROPERTY

Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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