* 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