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31272320
31272321

78950 CA-111, La Quinta, CA 92253

JR
CA CA 01928036
SRS Real Estate Partners Newport Beach
CT
CA CA 01344898
SRS Real Estate Partners Newport Beach
JC
CA 01915138
SRS Real Estate Partners Newport Beach
KZ
CA 02222176
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$35,336,000
91 days on market
Updated 23 days ago

One Eleven La Quinta Center

Details
APN 604-050-037, 643-220-001, 643-220-017, 643-220-018, 643-220-019, 643-220-020, 643-220-022, 643-220-021, 643-220-023, 643-220-024, 643-080-003
Property Type Retail
Sub Type Restaurant, Shopping Center (+1)
Square Footage 133,312
Cap Rate 6.75%
NOI $2,385,202
Occupancy 98%
Tenancy Multi
Price per SqFt $265
Year Built 1993
Year Renovated 2026
Acreage 10.440
Zoning CR: Regional Commercial
Parking Spaces 408 spaces
Parking Per SqFt 3.06
Ground Lease No
Ownership Fee simple interest (land & building ownership)

Retail | 6.75% CAP | 133,312 SqFt

Marketing description

SRS Capital Markets is pleased to present the rare opportunity to acquire an irreplaceable and highly successful community center in the affluent community of La Quinta, CA (Coachella Valley MSA). 111 La Quinta Center is located at the strongest intersection of the main retail corridor in the trade area. The offering is made up of 11 parcels spanning across 10.44 acres and consists of three (3) in-line buildings totaling 133,312 SF as part of the approximately 482,607 SF center. Anchor tenants within the center include Stater Bros (NAP) Ross Stores, Hobby Lobby (NAP), Staples, Kohl’s (NAP), Petco, Big 5 Sporting Goods, Five Below, and Daiso. The majority of these retailers are among the strongest performing in the Southern California region. The center continues to be a primary retail destination in Coachella Valley. Additionally, the owner of this portion serves as the declarant of the CC&Rs and will inherit the rights of first offer/refusal to multiple outparcels making it perfect for an assemblage strategy (see page 14 for more details). As of March 2026, ownership has invested $5.46M into the center across façade ($1.16M), roof ($282K), parking lot ($131K), signage ($156K), and tenant improvements ($3.73M), with an additional $558K of 2026 TI scheduled, bringing total capital invested to approximately $6.02M.

111 La Quinta Center has many long-term tenants, with tenants operating in the center for over 10 years comprising over 72% of the GLA. Furthermore, over 74% of the tenant lineup is currently occupied by national tenants, providing an investor with a secure and stable income stream. The One Eleven La Quinta Center supports more than 6 million visitors per year and is shadow-anchored by a Kohl’s (NAP) that ranks in the top 97th percentile of all Kohls locations nationwide, (per Placer.ai), significantly increasing consumer foot traffic to the property. In addition, Five Below, Daiso, and The Tennis Warehouse recently committed to brand new long-term leases and occupy a combined 25,000 SF (18% of GLA) of retail space, further demonstrating the strength of the center and the strong intrinsic value of the real estate.

One Eleven La Quinta Center is well positioned at two (2) signalized, hard corner intersections, Hwy-111 and Adams Street (over 57,000 VPD), and Hwy-111 and Washington Street (over 91,200 VPD). Furthermore, the site benefits from nearby access to Jefferson Street (31,800 VPD) and Avenue 48 (20,300 VPD), making this an ideal, centralized location with easy commutes. The property is located one mile south of the La Quinta Tennis Gardens, the world-renowned venue for the BNP Paribas Open, one of the most prestigious tennis tournaments in the world outside with attendance reaching approximately 493,000 fans in 2024. Moreover, the asset is ideally located within walking distance from La Quinta High School, one of the largest public schools in the Coachella valley with approximately 2,488 students and about 97 full-time teachers, providing a direct consumer base from which to draw. The subject trade area is home to numerous master-planned country club communities including Rancho La Quinta Golf Club ($141,000 AHHI), The Citrus Club at La Quinta Resort (AHHI $186,000) La Quinta Country Club ($162,000 AHHI), and more, providing a direct consumer with significant disposable income. The 3-mile subject trade area is supported by more than 69,000 residents and 25,000 daytime employees who boast affluent average household incomes of more than $127,000.

Investment highlights

  • 98% Occupied | Net Leases | Regional Shopping Center Declarant

  • Strong Demographics in 3-Mile Trade Area | Affluent Incomes

  • 40-Mile CV Link Pathway | Estimated $1.47B in Economic Impact

  • One Eleven La Quinta Center | 6M+ Visitors Annually | Dense Retail Corridor | Kohls Anchor - Top 97th Percentile (Placer)

  • Two Signalized, Hard Corner Intersections | Ample Signage |La Quinta Tennis Gardens (493,000 Visitors) | BNP Paribas Open

Listing Contacts

JR
CA CA 01928036
SRS Real Estate Partners Newport Beach
CT
CA CA 01344898
SRS Real Estate Partners Newport Beach
JC
CA 01915138
SRS Real Estate Partners Newport Beach
KZ
CA 02222176
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$2,385,202.00
$198,766.83/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

Map

Zoning

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CR CommercialGeneral CommercialRegional Commercial
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Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Garrett Colburn
License
CA License No. 01416734
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
Name
John Redfield
License
CA 01928036
Name
Chris Tramontano
License
CA 01344898
Brokerage
SRS Real Estate Partners
Brokerage Phone
3109226709
Title
Senior Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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