73759 CA-111, Palm Desert, CA 92260

Point of Destination Location – 73759 Highway 111, a ±4,100 SF retail asset that is 100% leased to high-performing, trade area appropriate tenants

• Founded in 1980, Pete Carlson’s Golf & Tennis Shop is the Coachella Valley’s premier and largest selection of golf, tennis, and pickleball gear, offering custom fittings and professional repair services
  

• Sapporo Ramen & Grill – A relaxed sit-down restaurant and popular bar has operated at this location since 2018
  

Below Market Rents – Property-wide, lease rates are on average 16% below current market rates, allowing the in-place rents to be easily replaced, if not improved, if a tenant was to roll

Excellent Location – The property is well-located along Highway 111 (±34,360 CPD), Coachella’s main arteria,l and is immediately proximate to El Paseo, a pedestrian-friendly shopping destination offering over 300 upscale retail shops, restaurants, and specialty services

Growing Coachella Valley Demographics – Coachella Valley has recently experienced a resurgence in full-time residents, which has increased +26% in the past decade (far outpacing both state and national averages)

• The population in the Coachella Valley is expected to double in the next ten years