This Retail Property is Off-Market.

72837 Dinah Shore Drive
Rancho Mirage, CA 92270 ·

2,200 SF · Retail For Sale

N/A

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Wendy's-Corp Absolute NNN Lease-Pad to Home Depot

Price N/A Cap Rate 5.75%
Building Size 2,200 SF Tenancy Single
Property Type Retail Year Built 2003
Property Sub-type
Free Standing Bldg
More...
  • Restaurant
  • Retail Pad
  • Neighborhood Center
Lot Size 49,595 SF
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 15996008 Date Created: 11/19/2008 Last Updated: 01/15/2009

Description

This offering is comprised of a single tenant Wendy's Drive Thru on a 10-year Absolute NNN ground lease (offering is for land ownership) with Wendy's International, Inc. The tenant also has 4 (5-Year) automatic renewing options terms. The property is ideally located within a Home Depot and 16-screen theater anchored center, directly adjacent to Costco, Sam's Club, and WalMart.

Wendy' s Rancho Mirage is located at one of Rancho Mirage' s busiest intersections. Dinah Shores Drive at Monterey Avenue has traffic counts of over 55,700 cars per day. Dinah Shores Drive is the major retail corridor creating a large consumer draw to the area with retail giants such as Home Depot, Costco, Kohl' s, Wal-Mart, and Sam' s Club. Wendy' s benefits from cross-over shopping from customers of Home Depot, the 16-Screen Theater, and the adjacent major retailers. This prime location is well positioned to capture the permanent and transient consumers taking advantage of the easy access location and convenient drive-thru restaurant.

Rancho Mirage is located 120 miles southeast of Los Angeles in the heart of the Palm Springs Valley. Rancho Mirage is nestled at the base of the Santa Rosa Mountains, conveniently located to utilize the Southern California freeway system, one of the most extensive transportation networks in the world via Interstate 10. Rancho Mirage is known for its abundant amount of sunshine, great climate and related resort lifestyle. Famous political leaders, corporate executives and top entertainers all call Rancho Mirage home because of its renowned quality of life.

Highlights

  • Asbolute NNN Corporate Lease with Wendy's International, Inc. - $804 Million Net Worth
  • Wendy' s Rancho Mirage is located at one of Rancho Mirage' s busiest intersections. Dinah Shores Drive at Monterey Avenue has traffic
  • Ideal Retail Location - Part of a Home Depot and 16-Screen Theater Anchored Center - Directly Adjacent to Sam's Club, WalMart, and Costco
  • Over 57,000 Car Per Day Intersection at Monterey Avenue and Dinah Shore Drive
  • Ideal 1031 Investment - No Landlord Responsibilities
  • 10% Increases Every 5 Years Throughout Any and All Option Periods

Research

72837 Dinah Shore Drive, Rancho Mirage, CA 92270 (Riverside County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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