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Country Club Shops / 7.5% Cap Rate 78010 Country Club Dr

6,948 SF 100% Leased Retail Building Palm Desert, CA 92211 $3,400,000 ($489/SF) 7.50% Cap Rate

Retail Buildings California Palm Desert 78010 Country Club Dr, Palm Desert, CA 92211

Investment Highlights

  • Excellent Freeway On/Off Ramp Location - Highly Trafficked Site
  • Strong Scheduled Rental Increases Throughout Lease Terms - Current Cap Rate is 7.5% and is scheduled to increase to 9.45% by 2027
  • Affluent / Strong Demographics in the Trade Area - Average Household Income is over $104,000 within a 5-mile radius
  • The Property Features a Rare Cannabis License & Alcohol License
  • Strong Sales / Low Rent-to-Sales Ratio / Highly Rated Tenants / Successful Proven Location

Executive Summary

Country Club Shops
Cap Rate: 7.5% (In-Place)
Cap Rate: 9.45% (Lease Scheduled 2027)
100% Leased, Multi-Tenant NNN Daily Need Shops with Tenants Performing Extremely Well
Ideal Location - Directly at Freeway Off-Ramp of I-10 and Washington - High Traffic Intersection

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,948 SF
Building Class
B
Year Built
2007
Price
$3,400,000
Price Per SF
$489
Cap Rate
7.50%
NOI
$255,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Land Acres
0.66 AC
Zoning
CPS
Parking
40 Spaces (5.76 Spaces per 1,000 SF Leased)
Frontage
294 FT on Country Club Dr
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Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 748-380-018 Improvements Assessment $1,446,817
Land Assessment $529,508 Total Assessment $1,976,325

PROPERTY TAXES

Parcel Number
748-380-018
Land Assessment
$529,508
Improvements Assessment
$1,446,817
Total Assessment
$1,976,325
(818) 281-7893

  • Listing ID: 33777449

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 78010 Country Club Dr, Palm Desert, CA 92211

More public record information on 78010 Country Club Dr, Palm Desert, CA 92211

The Retail Property at 78010 Country Club Dr, Palm Desert, CA 92211 is currently available For Sale. Contact Blvd Real Estate Investment Co. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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78010 Country Club Dr, Palm Desert, CA for sale Building Photo- Image 1 of 7
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78010 Country Club Dr, Palm Desert, CA for sale Building Photo- Image 2 of 7
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78010 Country Club Dr, Palm Desert, CA for sale Building Photo- Image 3 of 7
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78010 Country Club Dr, Palm Desert, CA for sale Building Photo- Image 4 of 7
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78010 Country Club Dr, Palm Desert, CA for sale Building Photo- Image 5 of 7
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78010 Country Club Dr, Palm Desert, CA for sale Building Photo- Image 6 of 7
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Country Club Shops / 7.5% Cap Rate | 78010 Country Club Dr
(818) 281-7893 x

Country Club Shops / 7.5% Cap Rate | 78010 Country Club Dr

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Nick D'Argenzio

(818) 281-7893

(818) 281-7893

Tom Chichester

(714) 318-3955

(714) 318-3955

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