78010 Country Club DrPalm Desert, CA 92211

Property Details for 78010 Country Club Dr

Year built

2007

Construction

WOOD

Lot size

0.66 AC

Property size (Sq ft)

6,949 SF

Zone code

CPS

Property type

Retail properties

Property subtype

Retail space

APN

748-380-018

APU

748380018

Description

This exceptional 6,948 square foot retail center in Palm Desert, CA, presents a compelling investment opportunity. Located at the highly trafficked intersection of Washington Street and Country Club Drive (over 71,000 vehicles daily), this single-story, 2007-built property boasts a 100% occupancy rate with two strong tenants: Carmen's Mexican Grill and March & Ash. March & Ash, a highly-rated dispensary with over 1,828 Google reviews, holds a rare cannabis license, while Carmen's possesses a full liquor license—a unique combination offering significant investor security. The property sits on a 0.66-acre lot, conveniently located at the I-10 freeway off-ramp, maximizing visibility and accessibility. The current in-place cap rate is 7.5%, projected to increase to 9.45% by October 2027 due to scheduled rent increases. The strong demographics of the area, with nearly 150,000 residents and an average household income exceeding $104,000 within a 5-mile radius, further enhance the investment potential. This stabilized NNN investment offers a compelling combination of high occupancy, strong tenants, and significant growth potential, making it an ideal addition to any portfolio. The property's APN is 748-380-018. The asking price is $3,400,000, with a current NOI of $254,708.

Location Insight

City

Palm Desert

County

Riverside

State

California

Latitude

33.7586

Longitude

-116.303

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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