78375 Varner Rd - Restaurant FOR SALE


Palm Desert, CA 92211
$2,450,000 USD
909-456-7013
78375 Varner Rd, Palm Desert, CA for Sale
$2,450,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

78375 Varner Rd
Palm Desert, CA 92211


HIGHLIGHTS

  • Located Directly off Interstate 10, ±94,000 daily traffic count, with Freeway Visibility & Pylon Signage
  • Pad to a McDonalds, Starbucks, Chevron, Arco, Popeye’s and Burger King
  • Adjacent to Sun City Palm Desert retirement community, home to over 9,000 + residents
  • Trade area includes over ±113,000 residents and average household income of ±$110,643 in a 5-mile radius
  • Located near new and exciting developments, including Acrisure Arena and numerous shopping centers
  • Built in 1999, ±6,887 Building SF, Lot Size of ±1.56 Acres with Ample Parking

OVERVIEW

Marcus & Millichap is pleased to present, on an exclusive basis, the opportunity to purchase or NNN lease a former, and now, vacant Coco’s Bakery/Mega Café restaurant located at 78375 Varner Road in Palm Desert, California. Located directly off the Interstate 10 Freeway with ± 94,000 daily traffic count, the property offers freeway visibility and pylon signage. Built in 1999, this fee simple investment opportunity consists of a ± 6,887 square foot restaurant pad on an approximately 1.56-acre lot. The subject property serves ± 113,000 residents within a 5-mile radius, with an average household income of $110,643. Situated within the Desert Cities Oasis Shopping Center, tenants include McDonalds, Starbucks, Arco, Chevron, Burger King and Popeyes’s Chicken. Additionally, located just north of the subject property, is the Sun City Palm Desert retirement community, home to over 9,000+ residents. Palm Desert, known as the cultural and retail hub of the desert communities, is just 15 miles away from Palm Springs, a popular yearly destination attracting ± 1 million tourists on an annual basis. Tourists are drawn to the Coachella Valley for its world-class hotels, resorts, golf courses, and cultural events. (1) Please contact listing team for further information and touring instructions. (2) The existing fixtures and furniture are available to purchase from the previous tenant.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

CROSS STREETS

Washington St

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

SP ZONE

APN/PARCEL ID

748-380-004

ASK ABOUT THIS PROPERTY

Kevin StruveMarcus & MillichapMore Info
909-456-7013

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Kevin StruveMarcus & MillichapMore Info
909-456-7013

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