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39355 Washington St
Palm Desert, CA 92211
Bank of America · Retail Property For Sale
Investment Highlights
- Single-Tenant Bank of America Drive-Thru (NYSE: BAC; S&P: BBB+): Corporate absolute NNN ground lease; zero landlord responsibilities
- Strategically Located Directly Across the Street From Sun City Palm Desert, A 1,600-Acre Gated Community Featuring 5,000 Homes and 9,000+ Residents
- Excellent Freeway Accessibility: Ideally positioned one block from the Interstate 10 (107,750 cars per day) entrance/exit for Washington Boulevard
- 20-year primary lease term, 11 years remaining; Favorable 12% rental increases every 5 years including four 5-year extension options
- Hard-Corner Signalized Intersection Location With Excellent Exposure and Visibility on Washington Street, Major Corridor in Coachella Valley
- Outstanding Retail Trade Area: Surrounding retailers include Stater Bros., EOS Fitness, Rite Aid, DaVita Dialysis, Del Taco, McDonald’s, & Starbucks
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
3,515 SF
Building Class
B
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.70 AC
Zoning
GC
Frontage
77’ on Washington St
Amenities
- Banking
Property Taxes
| Parcel Number | 748-370-066 | Improvements Assessment | $2,052,240 |
| Land Assessment | $880,260 | Total Assessment | $2,932,500 |
Property Taxes
Parcel Number
748-370-066
Land Assessment
$880,260
Improvements Assessment
$2,052,240
Total Assessment
$2,932,500
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