Walgreens | 42010 Washington St
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Walgreens 42010 Washington St
12,508 SF Retail Building Indio, CA 92203 $5,516,677 ($441/SF) 6.50% Cap Rate
Executive Summary
Walgreens has operated at this location for 25 years, indicating a strong commitment to this site
Strong store sales – contact broker for details
Excellent access and visibility – located at the signalized intersection of Washington Street and 42nd Avenue with a combined daily traffic volume over 60,100
Hard corner pad location in Washington Square shopping center, anchored by Ralph’s, HomeGoods, Jack in the Box, Big O Tires vehicles, in the Washington Square shopping center (Ralph’s, HomeGoods, Jack in the Box, Big O Tires)
Situated in central Coachella Valley, directly in between Palm Desert and Indio, in the middle of 52 golf courses and several of the top resorts and country clubs in Southern California
High income area – Average Household Income of approximately $128,000 within a 3-mile radius and projected to increase to ~$147,600 by 2029 (~15.3% increase)
JFK Memorial Hospital is a 145-bed Acute Care facility serving the Coachella Valley since 1966. Known for its orthopedic and cardiovascular programs, it is also recognized as a Primary Stroke Center and a Chest Pain Center
Dense infill location with over 51,000 residents within a 3-mile radius
Strong store sales – contact broker for details
Excellent access and visibility – located at the signalized intersection of Washington Street and 42nd Avenue with a combined daily traffic volume over 60,100
Hard corner pad location in Washington Square shopping center, anchored by Ralph’s, HomeGoods, Jack in the Box, Big O Tires vehicles, in the Washington Square shopping center (Ralph’s, HomeGoods, Jack in the Box, Big O Tires)
Situated in central Coachella Valley, directly in between Palm Desert and Indio, in the middle of 52 golf courses and several of the top resorts and country clubs in Southern California
High income area – Average Household Income of approximately $128,000 within a 3-mile radius and projected to increase to ~$147,600 by 2029 (~15.3% increase)
JFK Memorial Hospital is a 145-bed Acute Care facility serving the Coachella Valley since 1966. Known for its orthopedic and cardiovascular programs, it is also recognized as a Primary Stroke Center and a Chest Pain Center
Dense infill location with over 51,000 residents within a 3-mile radius
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,508 SF
Building Class
B
Year Built
1999
Price
$5,516,677
Price Per SF
$441
Cap Rate
6.50%
NOI
$358,584
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.17
Land Acres
1.71 AC
Zoning
C-P-S - C-P-S: Scenic Highway Commercial
Parking
79 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 609-020-038 | Improvements Assessment | $4,678,136 |
| Land Assessment | $1,079,004 | Total Assessment | $5,757,140 |
PROPERTY TAXES
Parcel Number
609-020-038
Land Assessment
$1,079,004
Improvements Assessment
$4,678,136
Total Assessment
$5,757,140
-
Suzy Hughes -
SRS Real Estate Partners
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Walgreens | 42010 Washington St
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