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IHOP 471 S Indian Canyon Dr 4,503 SF 100% Leased Retail Building Palm Springs, CA 92262 $2,450,000 ($544.08/SF) 10.04% Cap Rate
INVESTMENT HIGHLIGHTS
- IHOP with Short Term Lease - Tenant has indicated there may be potential for an early lease termination. Ask Broker for details.
- Currently an IHOP Restaurant with short term lease – Freestanding 4,503 SF building with prominent signage and ample on-site parking.
- Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand.
- Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries.
- High-Traffic Corridor – Strong daily traffic counts exceeding 32,000 vehicles per day.
- Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.
EXECUTIVE SUMMARY
IHOP with Short Term Lease - Tenant has indicated there may be potential for an early lease termination. Ask Broker for details.
Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries offering excellent visibility and accessibility.
Currently an IHOP Restaurant with short term lease – Freestanding 4,503 SF building with prominent signage and ample on-site parking.
High-Traffic Corridor – Strong daily traffic counts exceeding 32,000 vehicles per day.
Affluent Trade Area – Average household income within 3 miles exceeds $100,000.
Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand.
Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.
Premier Downtown Palm Springs Location – Situated along South Indian Canyon Drive, one of Palm Springs’ main commercial arteries offering excellent visibility and accessibility.
Currently an IHOP Restaurant with short term lease – Freestanding 4,503 SF building with prominent signage and ample on-site parking.
High-Traffic Corridor – Strong daily traffic counts exceeding 32,000 vehicles per day.
Affluent Trade Area – Average household income within 3 miles exceeds $100,000.
Tourism-Driven Market – Palm Springs welcomes millions of visitors annually, supporting consistent retail and restaurant demand.
Exceptional Reuse Opportunity – Ideal for restaurant, retail, or service use in one of Southern California’s most desirable resort destinations.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,503 SF
Building Class
C
Year Built
1992
Price
$2,450,000
Price Per SF
$544.08
Cap Rate
10.04%
NOI
$246,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.52 AC
Zoning
CBD
Parking
20 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
118’ on South Indian Canyon Drive
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 513-214-016 | Improvements Assessment | $3,513,882 |
| Land Assessment | $892,413 | Total Assessment | $4,406,295 |
PROPERTY TAXES
Parcel Number
513-214-016
Land Assessment
$892,413
Improvements Assessment
$3,513,882
Total Assessment
$4,406,295
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IHOP | 471 S Indian Canyon Dr
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