Listed by Coldwell Banker Commercial Lyle & Associates
$4,700,000
Multi-Tenant NNN Restaurant Building - 6.27% CAP!
Details
APN 513-214-013
Property Type Retail
Sub Type Restaurant
Square Footage 10,490
Units 2
Cap Rate 4.70%
NOI $220,599
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $448
Year Built 1060
Year Renovated 2022
Buildings 1
Stories 1
Lot Size (SqFt) 34,848
Premier Downtown Palm Springs Location!
Marketing description
Premier Downtown Palm Springs Location
Iconic Palm Canyon Dr. restaurant & entertainment district
Low Vacancy, high demand restaurant corridor
Proven Restaurant Property
Owner-user savings on improvements plus co-tenancy income
SBA Financing Possible with 10% Down Payment
Near term Investor upside replacing lower rent in expiring space
Minimal landlord responsibilities with NNN tenancy
Listing Contacts
Listed by Coldwell Banker Commercial Lyle & Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$220,599.00
$18,383.25/mo
Valuation Metrics
0
DSCR
4.69%
Cap Rate
4.69%
ROI
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