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31455856
31455857

78772 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
$6,886,000
65 days on market
Updated 5 days ago

Shake Shack & Cava

Details
APN 643-080-037
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,832
Cap Rate 5.25%
NOI $361,538
Occupancy 100%
Tenancy Multi
Price per SqFt $1,181
Year Built 2004
Year Renovated 2026
Acreage 0.560
Zoning CR: Regional Commercial
Parking Spaces 18 spaces
Parking Per SqFt 3.09
Ground Lease No
Ownership Fee Simple (Land & Building)

Retail | 5.25% CAP | 5,832 SqFt

Marketing description

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 2-tenant, freestanding Shake Shack and Cava Pad located in La Quinta, CA (Coachella Valley MSA). The property is positioned on a 0.56-acre parcel and is comprised of two suites totaling 5,832 SF. The property was completely redeveloped in 2026 and features brand new construction, top-of-the-line amenities, and a modern design, significantly minimizing the risk of near-term capital expenditures. In addition, the tenant lineup is comprised of Shake Shack (NYSE: SHAK) and Cava (NYSE: CAVA), two publicly traded, nationally recognized fast casual restaurants with a combined market cap of more than approximately $11.4 billion. The tenants recently signed new 15-year (Shake Shack) and 10-year (Cava) leases with multiple options to extend, demonstrating their long-term commitment to the subject trade area and shopping center. Both leases are structured as net leases and feature scheduled 10% increases every five years, minimizing expense leakage for a future investor and providing a hedge against inflation.

Investment highlights

  • Brand New 10 & 15-Year Lease | 2026 Redevelopment | Net Leases
  • Outparcel to One Eleven La Quinta Center | 6M+ Visitors Annually |Dense Retail Corridor | Kohls Anchor - Top 97th Percentile (Placer)
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes
  • Two Signalized, Hard Corner Intersections | Centralized Location |La Quinta Tennis Gardens (493,000 Visitors) | BNP Paribas Open
  • 40-Mile CV Link Pathway | Estimated $1.47B in Economic Impact

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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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$361,538.00
$30,128.17/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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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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