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Rite Aid 47985 Monroe St 17,393 SF of Retail Space Available in Indio, CA 92201
Highlights
- 47985 Monroe Street presents a ground-floor, single-tenant shell condition, a former Rite-Aid with a customizable layout perfect for any retail use.
- Current standalone building configuration is ideal for single occupancy, but modifications can be made to accommodate demising options.
- With easy ingress and egress through two points of entry into a large parking lot and building signage opportunity supporting heavy daytime traffic.
- An existing drive-thru window adds significant appeal to quick-service restaurants (QSR) or pharmacies seeking a move-in-ready location.
- Nearby retailers abound, including Costco, Home Depot, Target, Sprouts, and Starbucks, as well as attractions like Coachella and BNP Paribas Open.
- Surrounded by dense population and strong household income demographics, with $2.3 billion in consumer spending in a 5-mile radius.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 17,393 SF | 5-30 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
The available space consists of a 17,393-square-foot freestanding retail building with open floor configurations suitable for a range of retail or service-driven users. Designed for maximum convenience and customer accessibility, the property includes a drive-thru window and two points of ingress/egress. The building’s location at a high-exposure, signalized hard corner ensures strong traffic counts and visibility, while nearby anchors reinforce steady consumer activity. Ample parking and flexible interior build-out opportunities make this property an exceptional candidate for single or multi-tenant occupancy.
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Drive-Thru Window
- Large Parking Lot
- Ideal for Single Occupancy
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.
Property Facts
| Total Space Available | 17,393 SF | Gross Leasable Area | 17,393 SF |
| Property Type | Retail | Year Built | 2008 |
| Property Subtype | Drug Store | Parking Ratio | 3.97/1,000 SF |
| Total Space Available | 17,393 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 17,393 SF |
| Year Built | 2008 |
| Parking Ratio | 3.97/1,000 SF |
About the Property
47985 Monroe Street is a freestanding 17,393-square-foot retail building, formerly occupied by Rite Aid, strategically positioned at a signalized hard-corner intersection in the heart of Indio’s primary retail corridor. Situated on approximately 1.69 acres, the property features a drive-thru and 70 surface parking spaces, offering flexibility for a variety of retail and service uses under NC (Neighborhood Center) zoning. Its prominent location at Monroe Street and Avenue 48 benefits from a combined traffic count of approximately 66,152 vehicles per day, delivering strong visibility and exposure. The property is also situated within one of Riverside County’s most established retail corridors, supported by a strong mix of national retailers and big-box shopping destinations, driving consistent consumer activity. Accessibility is a key advantage, with convenient access to Interstate 10 and State Route 111, providing seamless connectivity throughout Palm Springs and the greater Coachella Valley. The immediate area is further supported by a steady base of government offices, schools, and municipal services, which contribute to reliable daytime traffic and sustained local demand. The surrounding 10-mile trade area includes approximately 301,319 residents with an average household income of $116,252, providing a solid demographic foundation that reinforces the property’s long-term retail appeal. This Indio, California location is surrounded by a dynamic entertainment and lifestyle setting, highlighted by its proximity to the Indian Wells Tennis Garden—home of the BNP Paribas Open—as well as the Empire Polo Club, which hosts the nationally recognized Coachella Valley Music and Arts Festival and Stagecoach. Known as the “City of Festivals,” the area draws significant seasonal and year-round visitors, complemented by an abundance of golf courses, equestrian facilities, and polo events.
- 24 Hour Access
- Corner Lot
- Mezzanine
- Pylon Sign
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
- Locker Room
Demographics
Demographics
About Coachella Valley
The Coachella Valley is a desert oasis that consists of a string of towns starting in Palm Springs and ending at the Salton Sea. The area is best known for its resorts, mid-century architecture, and near-constant sun. Tourism is the largest industry in the valley, with millions of visitors coming every year. There are also many “snowbirds,” retirees from colder climates seeking sunshine during the winter.
The valley is also known for a number of annual events, including the Coachella Valley Music and Arts Festival, the Stagecoach Country Music Festival, and the Riverside County Fair and National Date Festival, all held in Indio. Other events include the Palm Springs International Film Festival, the ANA Inspiration (also known as the Dinah Shore) professional women’s golf tournament, and the Indian Wells Masters tennis tournament.
The Coachella Valley has numerous shopping options, including unique local boutiques, designer shops, vintage finds, and major national retailers.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Allende Mexican Restaurant | Mexican | $ | 12 min walk |
| Watercrest At Polo Fields | - | - | 15 min walk |
Hotels |
|
|---|---|
| Residence Inn |
108 rooms
7 min drive
|
| Holiday Inn Express |
89 rooms
8 min drive
|
| Hampton by Hilton |
93 rooms
9 min drive
|
Presented by
Sean Rastegar
Rite Aid | 47985 Monroe St
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