Subscribe to Intelligence
View property history data!
Access historical property and tax details including tax amounts, land value, and more to inform your next opportunity.
Sonic Indio
Absolute NNN Lease
Listing Contacts
License: CA 02011383
Active
Asking Price: $2,725,000
Address
42350 Jefferson St, Indio, CA 92201
Show on MapDate Added
Dec 11, 2024
Days on Market
94 days
Time Since Last Update
3 days
Details
Property TypeRetail
SubtypeQSR/Fast Food
ClassB
Lease TypeAbsolute NNN
TenancySingle
Brand/TenantSonic
Lease Term10 years
Remaining Term10 years
Square Footage2,328
Cap Rate5.00%
Occupancy100%
NOI$139,830
Units1
Year Built2018
Buildings1
Stories1
Lot Size (sq ft)39,639
Rent BumpsYes
Broker Co-OpYes
APN606-060-030
Sale ConditionSale for leaseback
Marketing Description
2018 Construction
• 10 Year Absolute NNN Lease to commence on close of escrow
• Guarantor: 30-Unit Franchisee Operator
• 10% Increases Every 5 Years Throughout Primary Term and Option Periods
Investment Highlights
Strategic Location: Situated in the heart of Coachella Valley.
Convenient Proximity: Close to the airport and numerous country clubs.
Thriving Development: Adjacent to over 110 newly constructed single-family homes.
Industrial Hub: Neighboring a 37.55-acre industrial business park.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,830.00
$11,652.50/mo
Valuation Metrics
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
0
DSCR
5.13%
Cap Rate
5.13%
ROI
Property History
| Date | Event | Document | Price | Price/SF | Sold By | Sold To | ||
|---|---|---|---|---|---|---|---|---|
 | | | | | ||||
| | | | | ||||
| | | | | ||||
| | | | | ||||
| | | | | ||||
Due Diligence
Listing Contacts
- License: CA 02011383
Similar Properties for Sale
$2,489,454
3.81 AC NEC Jefferson St & Varner Rd
3.81 ac Commercial Lot at NEC Jefferson St & Varner Rd Adjacent to Del Webb Shadow Hills 3,450 Homes
Nec Jefferson St & Varner Rd Indio, CA 92203
$3,293,136
7.2 AC Mixed Use Neighborhood
Land • 7.2 acres
Fred Waring Dr & Hoover St Indio, CA 92201
$1,100,000
3.23 ac Mixed Use Neighborhood
Land • 3.23 acres
Hoover St Indio, CA 92201
$5,516,677
Walgreens - Bermuda Dunes, CA
Rare Prime Coachella Valley Location • 60,000 VPD
42010 Washington St Bermuda Dunes, CA 92203
$590,000
Tsunami Car Wash
Express Car Wash + Full-Service Car Wash - Major St
42185 Washington St Palm Desert, CA 92211
Unpriced
One Eleven La Quinta Center
Retail • 143,812 SF
78950 CA-111 La Quinta, CA 92253
$12,390,000
Hobby Lobby - La Quinta CA
Retail • 5.75% CAP
78-850 CA-111 La Quinta, CA 92253
$7,333,000
Chick-fil-A Ground Lease
New Construction Triple Lane Drive Thru Chick-fil-A in Southern CA
79520 CA-111 La Quinta, CA 92253
$2,414,000
McDonald's
Retail • 3.60% CAP • 3,829 SF
78365 Varner Rd Palm Desert, CA 92211
Unpriced
The Pavilion at La Quinta
Retail • 165,689 SF
79220 CA-111 La Quinta, CA 92253
$1,250,000
VACANT LAND OPPORTUNITY
Land • 1.52 acres • Inclusive Zoning
81385 Hwy 111, Indio, CA 92201 Indio, US
See more properties for sale in Indio
Broker Information
Broker Information
Broker Name
Nitti Kaur
Broker License
CA 02011383
Broker Title
CA
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .