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Plaza Las Flores 125 E Tahquitz Canyon Way 15,000 SF of Retail Space Available in Palm Springs, CA 92262
SUBLEASE HIGHLIGHTS
- Oscar's Downtown Palm Springs, located in a successful 15,000 sq ft Entertainment Center in Palm Springs is looking for a new Restaurant operator
- Great corner location on a major thoroughfare with huge patio seating up to 150 and 100 indoors with seating with various private rooms
- Food and Beverage operations saw $1.4 million annual sales in 2024. Mainly Thursday – Sunday with weekend Brunch being a major feature
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 107 & 108 | 15,000 SF | Apr 2032 | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste 107 & 108
- Sublease space available from current tenant
- Fully Built-Out as a Restaurant or Café Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT PLAZA LAS FLORES
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Bazar
- Ladies' Apparel
- 1
- -
- Beautiful Spa
- Services
- 1
- -
- Crazy Mel's
- -
- -
- -
- Oscar's Cafe & Bar
- Cocktail Bar
- 1
- -
- Palm Springs Police Department
- -
- 1
- -
- Plaza Theatre
- Arts, Entertainment, and Recreation
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Bazar | Ladies' Apparel | 1 | - |
| Beautiful Spa | Services | 1 | - |
| Crazy Mel's | - | - | - |
| Oscar's Cafe & Bar | Cocktail Bar | 1 | - |
| Palm Springs Police Department | - | 1 | - |
| Plaza Theatre | Arts, Entertainment, and Recreation | 1 | - |
PROPERTY FACTS
| Total Space Available | 15,000 SF | Gross Leasable Area | 16,637 SF |
| Property Type | Retail | Total Land Area | 0.65 AC |
| Property Subtype | Storefront | Year Built | 1989 |
| Total Space Available | 15,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 16,637 SF |
| Total Land Area | 0.65 AC |
| Year Built | 1989 |
ABOUT THE PROPERTY
Oscar's Downtown Palm Springs Restaurant Operations for Premier Bar, Restaurant & Entertainment Center RRC# 5114 Location: 125 E Tahquitz Canyon Way # 107 &108 Description: The Owner has operated Oscar's Downtown Palm Springs, this successful 15,000 sq ft Entertainment Center in Palm Springs since 2013 and is looking for a Restaurant operator to take over the busy Food and Beverage operations. 2024 saw $1.4 million in annual sales mainly Thursday – Sunday with weekend Brunch being a major feature with added Entertainment. Many high-end celebrities frequent the venue and the owner’s strengths lie in booking top class entertainment. The restaurant side of the business needs a revamp, and the owner is looking for a long-term, owner operator to sub-lease (possibly a future partner) to improve the total food concept including the menu, décor, furnishings and marketing to boost this side of the business. Great corner location on a major thoroughfare with a huge patio seating up to 150 and 100 indoors with seating in various private rooms and within the indoor courtyard. This is a great opportunity for an experienced restaurateur or a Chef/Manager first business, to excel and expand this wonderful concept. The lease has 17 years remaining and a share of the monthly rent along with the restaurant concept ideas are all negotiable. To receive more information and discuss this opportunity with the broker, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you full financial information, lease & a comprehensive list of equipment included with the Lease. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail. Financial Information: Monthly Revenue: $114,500 Monthly Cash Flow: Contact For Info Annual Revenue: $1,374,000 Annual Cash Flow: Contact For Info General Info: Ownership: Sole Proprietorship Established: 2013 Employees: Contact For Info Reason For Sale: Other Interests Monthly Rent: To Be Negotiated Facilities: Square Feet: 15,000 Including Club Seating: 250 Parking: Street Licenses: Contact For Info Days/Hours of Operation: Daily 5.30pm - 9.30pm Weekends all day from 9.00pm
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Plaza Las Flores | 125 E Tahquitz Canyon Way
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