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31558369
31558370

41902 Jackson St, Indio, CA 92203

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PK
CA 01015083
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$5,500,000
57 days on market
Updated 57 days ago

Chick-fil-A

Details
APN 692-670-020 (Portion of Parcel)
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,878
Cap Rate 4%
NOI $220,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/01/2041
Remaining Term 14.8
Rent Bumps Yes
Lease Options 3 (5-year) and 1 (4-year and 5-month) options
Price per SqFt $1,128
Year Built 2026
Acreage 1.920
Zoning RC: Regional Commercial
Parking Spaces 64 spaces
Parking Per SqFt 13.12
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2026
Ground Lease Yes
Ownership Leased Fee (Land Only)

Retail | 4.00% CAP | 4,878 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, corporate guaranteed Chick-fil-A investment property located in Indio, California (Palm Springs MSA). The tenant, Chick-fil-A, recently signed a brand new 15 year lease with

3 (5-year) and 1 (4-year and 5-month) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chick-fil-A is among the most popular QSR brands in the country with 3,350+ locations.

Chick-fil-A is strategically positioned within “The Greens Indio,” a dominant high-traffic retail corridor at the northeast corner of Avenue 42 and Jackson Street

(combined 39,500 VPD). The property benefits from its location in a dense commercial node, immediately adjacent to retailers such as Arco, AutoZone, and a nearby new construction Dutch Bros drive-thru. This intersection functions as a primary retail destination for the surrounding trade area, supported by high-performing anchors including Home Depot, Burlington, WinCo Foods, Ross, and 24 Hour Fitness. The immediate vicinity is further strengthened by a concentration of national retailers, including Walmart Supercenter, In-N-Out, Raising Cane’s, and McDonald’s. The site also offers convenient access to Interstate 10 (76,000 VPD), a major regional thoroughfare connecting Indio to Palm Springs and the greater Inland Empire. Indio continues to experience sustained growth and redevelopment, with more than 1.2 million square feet of retail inventory within a one-mile radius, maintaining a low vacancy rate of approximately 3.5% alongside steady rent growth. Nearby, The Oasis at Indio, a 183-acre master-planned development, will introduce up to 3,240 multifamily units, 1.8 million square feet of industrial and employment space, a 128-room hotel, and over 70,000 square feet of additional retail. This influx of residential and commercial density, coupled with established centers such as Indio Towne Center and The Showcase at Indio, continues to position the area as a key growth node within the Coachella Valley.

Investment highlights

  • New 15-Year Lease | Corporate Guaranty | 2026 Construction
  • The Greens Indio Retail Development | National Retail Corridor
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Tourism & Retail Destination | The Oasis at Indio Development
  • Strong Demographics In 5-Mile Trade Area | Six-Figure Incomes

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PK
CA 01015083
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
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$220,000.00
$18,333.33/mo

Valuation Metrics

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4%
Cap Rate
4%
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
Patrick R. Luther, CCIM
License
01912215
Brokerage
SRS
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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