50060 Harrison St
Coachella, CA 92236
Taco Bell · Retail Property For Sale

Marcus & Millichap is pleased to present for sale a brand new Taco Bell fast food restaurant in the city of Coachella, California. This oversized lot with 0.93 acres is located on the south east corner of Harrison Street and Avenue 50. The lease features an initial term of 25-years with four, five-year options to extend. The lease rate increases 10% every five years during the initial lease term and during each option period. The subject property is located on Harrison Street, one block west of Highway 86 and three miles from Interstate 10 which creates great regional access to the property. Major retailers in the area include: Dollar Tree, Save A Lot Food Stores, and Family Dollar in the Coachella Shopping Center located directly west of the subject; Walgreens and McDonald' s surround the subject property on the North and South side and 99 Cents Only, Planet Fitness, and Cardena' s Market to the southwest of the subject property. Food 4 Less, Fallas Discount Stores, Wells Fargo, Rent-A-Center, adn Also' s in the Gateway Center to the northwest of the subject. The Coachella Valley has seen tremendous growth over the past fifteen years and the subject neighborhood is no exception. The population within a three-mile radius of the subject has grown 64.2% since 2010 and is forecast to grow 15.9% by 2018. New housing development in the area has been focused on construction of single-family residences, with the percentage of home ownership increasing from 49.8% in 2010 to 57.3% in 2013. The median household income has grown by 2.2% since 2000 and is forecast to increase 13.4% by 2018.