78010 Country Club DrPalm Desert, CA 92211
High-yield NNN investment, 7.5% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Excellent freeway visibility and access at the I-10 off-ramp and Washington Street, a high-traffic location with over 71,000 vehicles daily.
- High-traffic corner location at Washington Street and Country Club Drive; property features a rare combination of cannabis and liquor licenses.
- Exclusive trade area due to limited cannabis licenses in nearby municipalities.
- Strong, scheduled rent increases resulting in a projected cap rate increase from 7.5% to 9.45% by October 2027.
- 100% occupancy with highly-rated tenants: March & Ash (4.9 stars, 1,828+ Google reviews) and Carmen's (4.9 stars, 69+ Google reviews).
- Strong demographics: nearly 150,000 residents within a 5-mile radius, with an average household income exceeding $104,000.
Property Details for 78010 Country Club Dr
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 6,948 SF
- Year Built
- 2007
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 28,750 SF
Location Insight
- City
- Palm Desert
- County
- Riverside
- State
- California
- Latitude
- 33.7584769
- Longitude
- -116.303461
Nearby Similar for Sale
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