79520 CA-111 - Fast Food FOR SALE


La Quinta, CA 92253
$7,857,000 USD
510-289-1166
79520 CA-111, La Quinta, CA for Sale
$7,857,000 USD
Fast Food - FOR SALE
1/3
null | 3.5% Cap Rate

79520 CA-111
La Quinta, CA 92253


HIGHLIGHTS

  • Brand New 15-Year Corporate Ground Lease to Chick-fil-A
  • No Landlord Maintenance Responsibilities
  • Scheduled 10% Rental Escalations Throughout Primary Term and at Options
  • 2025 Construction featuring a Triple-Stacked Double Drive-Thru
  • Strong Ingress/Egress on CA-111 Arterial within La Quinta’s Primary Retail Corridor
  • 169,781 Daytime Population within 5 Miles

OVERVIEW

The subject property is prominently located in the Coachella Valley city of La Quinta with excellent access and visibility on the corner of Highway 111 and Dune Palms Road (combined 51,019 AADT), in close proximity to Interstate 10 (105,000 AADT). The site benefits from robust and dense demographics with a total daytime population of 169,781 and average household income of $117,050 within a 5-mile radius. The property is part of the Dune Palms Mixed-Use Development, comprised of 4.3 acres of commercial development for the subject property and a future Quick Quack Car Wash, and 5.1 acres of residential development for the 180-unit Dune Palms Multifamily Development. The property benefits from a prominent retail location in close proximity to major centers and retailers at a signalized hard corner along the Highway 111 corridor (51,019 AADT). La Quinta, often called the “Gem of the Desert,” is a city in Riverside County, located in the growing Coachella Valley near Palm Springs. Often referred to as Greater Palm Springs, the Coachella Valley - which includes the nine cities of Cathedral City, Coachella, Desert Hot Springs, Indian Wells, Indio, La Quinta, Palm Desert, Palm Springs, and Rancho Mirage - has an estimate year-round population of nearly 500,000 and attracts over 14 million visitors each year. The Coachella Valley is known for its luxury, recreation, and beautiful desert landscapes at the foot of picturesque mountain ranges. This desert oasis has become a worldwide destination for tourists due to its many attractions including numerous world-class golf and country clubs, resorts and spas, casinos, entertainment venues, museums, vibrant art and architecture, nightlife, and much more. The primary airport for air travel to the area is the Palm Springs International Airport, which serves over 3.2 million passengers annually. In addition, airports offering private and charter flights include Bermuda Dunes Airport and Jacqueline Cochran Regional Airport. Due to its close proximity to Los Angeles (less than 2 hour drive), Orange County (less than 2 hours), and San Diego, (less than 2.5 hours) and its reputation as a desirable desert oasis getaway destination, the Coachella Valley experiences a heavy influx of both visitors and part-time residents from these areas. The major corridor through the Coachella Valley is Interstate 10, which is the fourth-largest interstate highway in the country, stretching coast-to-coast. It connects the area directly to Los Angeles to the west and Joshua Tree National Park and Phoenix to the east.

FOR SALE DETAILS

PRICE

$7,857,000 USD

PRICE/SF

$1,637 USD /SF

CAP RATE

3.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

-

APN/PARCEL ID

600-030-040

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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