For Sale
$2,500,000

82608 Ca-111 Indio, CA 92201

High-Performing QSR, Absolute NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 1,760 sq ft Wienerschnitzel restaurant in Indio, CA. Boasting a prime location on Highway 111 (37,000 cars daily), this single-tenant, drive-thru property benefits from a 15-year absolute NNN corporate lease with 13 years remaining, featuring 2% annual rent increases. The property, built in 1966 and renovated in 2010, sits on a 0.45-acre lot and consistently ranks in the top 19% of all Wienerschnitzel locations nationwide. The $2,500,000 asking price reflects a 4.50% cap rate and a strong NOI of $112,616. The lease commenced in April 1966, demonstrating a long and successful operational history. This investment is further enhanced by its location in an Opportunity Zone, offering potential tax advantages. The surrounding area is experiencing significant growth, with over 750 new housing units under development nearby, along with established anchors like the Riverside County Fairgrounds and Courthouse, attracting substantial daily traffic. The property's proximity to the Interstate 10 on/off ramps and major events like the Coachella and Stagecoach music festivals contributes to its consistent high performance. This is a rare opportunity to acquire a top-performing, recession-resistant asset in a rapidly growing market. The tenant, Wienerschnitzel, is part of the Galardi Group, a privately held company with over $600 million in annual revenue, ensuring financial stability and long-term viability.

Highlights

  • Top-performing Wienerschnitzel location; ranks in the top 19% in California and nationwide.
  • Single-tenant, drive-thru restaurant with a 60-year operating history at this location.
  • 15-year absolute NNN lease with 13 years remaining, featuring 2% annual rent increases.
  • Owned by Galardi Group, a privately held company with over $600 million in annual revenue.
  • Recession-resistant, fast-food investment in a growing $300 billion industry with 4.9% annual growth.
  • Located in an Opportunity Zone, providing potential tax benefits.

Property Details for 82608 Ca-111

Property type
Retail properties
Year Built/Renovated
1966/2010
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Indio
County
Riverside
State
California
Latitude
33.714897263413
Longitude
-116.22327058803

FAQs

What type of property is this?
Retail property - High-Performing QSR, Absolute NNN Lease
Where is the retail property located?
The property is located at 82608 Ca-111 Indio, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Top-performing Wienerschnitzel location; ranks in the top 19% in California and nationwide.; Single-tenant, drive-thru restaurant with a 60-year operating history at this location.; 15-year absolute NNN lease with 13 years remaining, featuring 2% annual rent increases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
82608 Ca-111
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message