Prime area of robust residential, retail and commercial growth
Owner user or value add opportunity
Superior Design & Construction
Anchored by Walgreens with shared ingress & egress
Large Open Floor Plan
Over 160,000 people within five mile radius
Peforma Cap Rate – 10%
Asking Price: $1,500,000 ($107.38/SF)
Also For Lease: $0.90/SF NNN / Lease with option to purchase
SITE PLAN & FLOOR PLAN
Location: The property is located on the south side of Avenue 48, just west of Jackson St. in the city of Indio.
Zoning: Indian Palms PMP (Neighborhood Commercial)
General Plan: Community Commercial (General Plan 2040: Proposed Neighborhood Center)
Building Size: 13,969 SF
Improvements: Two ADA restrooms, employee breakroom, loading dock
Year Built: 2009 ■ Ceiling Height: 20’
Parcel Size: 1.27 Acres ■ APN: 614-340-019
Utilities: Electrical: 400 AMPS
Current Use: Vacant Building, Former Fresh & Easy
Parking: 60 Spaces (4.30 per 1,000 s/f)
Traffic Count: Ave. 48: 17,157 & Jackson St.: 14,601 average cars per day
Adjacent Use: Walgreens, Coachella Valley Volunteers in Medicine & Riverside County Social Services.
Comments: Surrounded by some of the largest national retail tenants. Such as Walgreens, Subway, McDonalds, Starbucks, Bank of American and Walmart Neighborhood Market. A unique opportunity to acquire a former Fresh & Easy Supermarket and below replacement cost.
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.
Paula Turner, Broker firstname.lastname@example.org Mobile 760-578-6564 Office 760-360-8200 DRE #00702492
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Susan Harvey, Owner email@example.com Mobile 760-250-8992 Office 760-360-8200 DRE License #00957590