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- LoopNet Team
350 S Palm Canyon Dr
Palm Springs, CA 92264
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 10-year lease with 2, 5-year options
- Triple Net lease with minimal landlord responsibilities
- Corporate signature
- 12% increases every 5 years
- Percentage Rent with annual sales reporting
- The only grocery store in Downtown Palm Springs
PROPERTY FACTS
ABOUT 350 S PALM CANYON DR , PALM SPRINGS, CA 92264
CBRE has been retained on an exclusive basis to present the opportunity to acquire a prime single tenant net leased investment at the Southern Gateway to Palm Springs’ resurgent Downtown commercial core. The site currently consists of ±18,000 square feet of building with ±10,000 square feet of basement on ±64,546 square feet of land (1.48 acres) with 448 feet of combined frontage along Palm Canyon Drive (Hwy 111) and Indian Canyon Drives. Highway 111 is the main thoroughfare running through Palm Springs and connecting to the rest of the Coachella Valley. Recently opened under a new 10 year lease, Grocery Outlet is the only grocery store in Downtown Palm Springs.
PROPERTY TAXES
| Parcel Number | 513-204-003 | Improvements Assessment | $4,264,782 |
| Land Assessment | $1,959,201 | Total Assessment | $6,223,983 |
PROPERTY TAXES
