$4,640,000
Palm Desert STNL Grocery Outlet
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 14,000
Net Rentable (SqFt) 14,000
Units 1
Cap Rate 6.25%
NOI $290,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 05/30/2036
Remaining Term 9.9
Rent Bumps Yes
Lease Options Four (4) five (5) year extension options (with 10% rent increases)
Class A
Year Built 2009
Year Renovated 2021
Acreage 1.500
Zoning PCC - Planned Community Commercial
Parking Spaces 79 spaces
Parking per 1,000 SqFt 5.64
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 05/17/2021
Ground Lease No
Sale Condition For sale by owner
100% Leased | 10 Year Net Lease | Grocery Outlet
Marketing description
This offering presents an opportunity to acquire a passive, necessity-based retail asset backed by a proven grocery operator (Grocery Outlet). The combination of stable workforce demographics, regional demand drivers, and a long-term net lease structure provides durable income and downside protection within the growing Palm Desert market.
Investment highlights
- 15-year lease to Grocery Outlet (~10 years remaining), a national grocer tenant, with a proven discount grocery concept
- Strategic Coachella Valley location & durable workforce demographics
- Long-term net lease with ~10 years remaining (+20 years of extension options), ideal for 1031 exchange buyer
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$290,000.00
$24,166.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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