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1488 Palm Canyon Dr
Palm Springs, CA 92262
Sherwin-Williams: Palm Springs, CA · Retail Property For Sale
Investment Highlights
- High-quality, city-mandated Mid-Century Modern design
- 10 years of primary term with a 10% rent increase in 2031 and in each of the five, 5-year renewal options.
- The immediate neighborhood is anchored by top-tier, consistently high-performing culinary and hospitality destinations.
- The building boasts premium glass storefront components and an investment of over $100,000 in custom architectural awnings, enhancing curb appeal.
- Situated along North Palm Canyon Drive (23,464 VPD)
Executive Summary
CBRE is pleased to exclusively offer for sale the 4,012-square-foot Sherwin-Williams situated on 0.38 acres in Palm Springs, CA - a component of the Riverside-San Bernardino-Ontario, CA Metropolitan Statistical Area (MSA Population: 4.72M+). Commencing in August 2026, Sherwin-William's net lease will feature 10 years of primary term with a 10% rent increase in 2031 and in each of the five, 5-year renewal options.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
4,012 SF
Year Built
2026
Construction Status
Under Construction
Price
$4,000,000
Price Per SF
$997.01
Cap Rate
5.25%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.38 AC
Parking
14 Spaces (3.49 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 505-184-028 | Improvements Assessment | $0 |
| Land Assessment | $406,060 | Total Assessment | $406,060 |
Property Taxes
Parcel Number
505-184-028
Land Assessment
$406,060
Improvements Assessment
$0
Total Assessment
$406,060
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