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GAS STATION WITH CONVENIENCE STORE & RESTAURANT
5,285 SF INVESTMENT OPPORTUNITY

74478 Highway 111 (Tower), Palm Desert Building Image
74478 Highway 111, PALM DESERT, CA

FEATURES

  • Well maintained center hosting fuel, a convenient store, postal office and a Mexican restaurant.
  • Great corner location
  • Signalized Intersection
  • Sinclair Oil has over 1,600 self-branded stations in more than 30 states
  • Significant traffic count of 41,165 cars per day
  • Impressive demographics
  • Across from heavily trafficked & vibrant Albertsons Shopping Center
  • Close proximity to El Paseo (The Rodeo Drive of the Desert), Indian Wells Tennis Garden, and numerous hotels
  • Three access drives provide ease of ingress and egress

PRICE: $5,817,024 4.5% CAP

VICINITY MAP

74478 Highway 111 (Tower), Palm Desert Tilted Aerial

Amenities

  • APN: 625-095-012
  • Parcel Size: 0.82 AC (35,719 SF)
  • Zoning: D-E (Downtown Edge District)
  • General Plan: Downtown
  • Year Built: 1998
  • Terms: Cash
  • Comments: Great location at the corner of Highway 111 and Deep Canyon in the heart of Palm Desert. Located across the street from the Albertson’s Shopping Center,
    Starbucks, Panda Express, Dominos and many more. The property is in close proximity to the Indian Wells Tennis Garden, El Paseo Drive and a host of hotels.
    This corner location provides excellent exposure. This is a well maintained property in
    very good condition.

Demographics

 1 Mile3 Mile5 Mile
2022 Population9,11995,537307,385
No. of Households3,83342,629116,348
Avg. Household Income$94,338$105,666$95,254

Traffic Counts

Hwy 111/Ramona Ave41,165
Hwy 111/Deep Canyon Rd41,102
Deep Canyon Rd/Alessandro Dr6,222
Deep Canyon Rd/Abronia Trl4,942

rent rolls

NameSizeStart DateEnd DateBase Rent
(Current)
CAMMonthlyOptions
Sinclair2,713 SF11/1/20169/30/2026$15,730.13 *
($5.80/SF)
$596.90$16,327.032-5 yrs
Mail Stop428 SF11/1/20169/30/2026$2,483.71 *
($5.80/SF)
$198.97$2,682.682-5 yrs
Guadalajara
Cafe
1,385 SF1/1/20167/31/2027$3,600.00 **
($2.60/SF)
$692.50$4,109.871-3 yrs
Total4,526 SF  $21,813.84 $23,119.58 

* 3% or CPI Increases, which ever is higher
** 3% Annual Increases

Attatchments
Disclaimer

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 08/10/22 JC

Contact
Susan Harvey profile photo

Susan Harvey, Owner
[email protected]
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590

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Ranked #1 in the Coachella Valley for Commercial Real Estate

Paula Turner profile photo

Paula Turner, Broker
[email protected]
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492