72499 Fred Waring Dr
Palm Desert, CA 92260
Retail Property For Sale

The subject property is a 1,632 square foot Jiffy Lube building with two service bays located along Fred Waring Drive in Palm Desert, California. The shopping center in which the property is located is occupied by well known tenants such as Walmart Market, Pizza Hut, and The Fairfield Inn. The subject property is leased to Heartland Automotive Services, a well-established and experienced Jiffy Lube franchisee, with over 540 Jiffy Lube location from coast to coast. 10 Years remain on a NNN pure lease with two percent rent increases every year. The lease also includes one 10-year option to renew with a two percent increase. The subject property is surrounded by golf courses, country clubs, and various shopping and retail centers. Desert Crossings Shopping Center is located just across Highway 111 from Jiffy Lube and includes tenants such as Marshalls, Office Depot, Old Navy, Target, Islands, Petco, Circuit City and Bed Bath & Beyond.