About This Restaurant
Investment Highlights
High Visibility Off Major Street - Highway 111 Freestanding Property On Corner Lot Asset Located In Opportunity Zone Internet-Resistant Tenants 3 Miles From Coachella And Major Music Festivals Venue 100% Leased To Seven Tenants - Three Nationwide Brands
Executive Summary
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Restaurant General Retail Storefront Freestanding
- Building Size 10,002
- Building Class C
- Year Built 1993
- Price 3,400,000
- Price Per SF 340
- Cap Rate 6.19
- NOI 210,506
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.25
- Land Acres 0.92 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Signage
- Signalized Intersection
Nearby Amenities & Transportation
Retail | Denny's | ||
Retail | Jack In The Box | ||
Retail | Flame Broiler | ||
Retail | Chase Bank | ||
Retail | U.S. Bank | ||
Retail | Sizzler | ||
Retail | Dutch Bros | ||
Retail | Mechanics Bank | ||
Retail | Bank of America | ||
Retail | Farmer Boys |
Property Taxes
Parcel Number | 611-110-038 | Improvements Assessment | $536,099 |
Land Assessment | $2,144,403 | Total Assessment | $2,680,502 |
Date Created: | 2024-07-16 04:09:25 | Last Updated: | 2024-07-16 04:09:25 |
Address: | 82280 Highway 111 , Indio, California, 92201 |