949-725-8507
79150 Highway 111, La Quinta, CA for Sale
Supermarket - FOR SALE
1/8
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79150 Highway 111
La Quinta, CA 92253


HIGHLIGHTS

  • Flagship Grocery Anchored Shopping Center – 98% leased Sprouts anchored shopping center
  • Strong Historical Occupancy – Secure, established income stream – 12 tenants totaling ±119,798 SF
  • Leasing Momentum – New leases and a recent extension with Famous Footwear prove the long-term viability of the location

OVERVIEW

* Flagship Grocery Anchored Shopping Center – 98% leased Sprouts anchored shopping center alongside a top-tier tenant line-up, comprised of “majors” including PGA Tour Superstore, Best Buy, OfficeMax, DSW and a complimentary mix of cotenants, providing a “daily needs” draw and cross-shopping traffic to the property. * Strong Historical Occupancy – Secure, established income stream – 12 tenants totaling ±119,798 SF (73% of the leased GLA) have occupied the property for ±10 years or more including Best Buy, Famous Footwear, and Sprouts, demonstrating a recession resistant asset with high tenant demand. * Leasing Momentum – New leases with PGA Tour Superstore (30,000 SF), Luna Grill (2,518 SF), Angry Chickz (2,149 SF), Ono Hawaiian BBQ (1,599 SF), and a recent extension with Famous Footwear (6,500 SF) prove the long-term viability of the location while fortifying a nearly 100% rent roll of national or regional credit tenants. * Significant Highway 111 Frontage and Visibility – Pavilion at La Quinta features substantial freeway adjacent visibility and monument signage with 1,240+ feet of frontage along California Highway 111 (±31,073 cars per day), the trade area’s major arterial, providing ease of vehicular access to all of Pavilion at La Quinta. * Affluent and Growing Coachella Valley Trade Area – Historically, the Coachella Valley has been a top tourist destination. However, the trade area has seen a rapid shift towards permanent residency growing to 72,559 residents (AHI: $117,586) within 3 miles of Pavilion at La Quinta. This has led to an influx of development in the area with over 6,000 housing units in various stages of development between La Quinta, Indio, Indian Wells, and Rancho Mirage

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pavilion at La Quinta

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

820

LAND DETAILS

CROSS STREETS

NEC SR 111 & Adams St

LAND ACRES

15.74 AC

LAND SF

685,634 SF

ZONING

RC

APN/PARCEL ID

600-390-029

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.