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The City Centre 71680 US Highway 111 1,365 - 5,882 SF of Retail Space Available in Rancho Mirage, CA 92270
HIGHLIGHTS
- High traffic count near The River, hotels, and restaurants.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 4,517 SF | Negotiable | $33.00 /SF/YR $2.75 /SF/MO $149,061 /YR $12,422 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste G | 1,365 SF | 5 Years | $27.00 /SF/YR $2.25 /SF/MO $36,855 /YR $3,071 /MO | Triple Net (NNN) |
71680 Highway 111 - 1st Floor - Ste A
Space A is a 4,517 SF, beautifully furnished restaurant/retail space, once the renowned Hibachi Japanese Steakhouse, furnished with 24 Teppan Tables and a full sushi bar. It is located on the west end of the strip center. $2.75/PSF + NNN. APN 684-240-024.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
71680 Highway 111 - 1st Floor - Ste G
Space G, a 1,365 SF former nail salon,is located on the east end of the strip center, adjacent to the Hilton Garden Inn.The renowned Hibachi Japanese Steakhouse is located on the opposite endcap from this suite. The suite was formerly occupied by a nail salon. Plumbing is still in place for that use. $2.25 PSF + NNN. APN 684-240-023
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Professional Services Office
- Highly Desirable End Cap Space
- Central Air Conditioning
- Drop Ceilings
- Hardwood Floors
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 | 5,882 SF | Frontage | 201’ on Highway 111 |
| Center Type | Strip Center | Gross Leasable Area | 12,000 SF |
| Parking | 60 Spaces | Total Land Area | 1.10 AC |
| Stores | 7 | Year Built | 2002 |
| Center Properties | 1 |
| Total Space Available | 5,882 SF |
| Center Type | Strip Center |
| Parking | 60 Spaces |
| Stores | 7 |
| Center Properties | 1 |
| Frontage | 201’ on Highway 111 |
| Gross Leasable Area | 12,000 SF |
| Total Land Area | 1.10 AC |
| Year Built | 2002 |
ABOUT THE PROPERTY
The City Centre is a small strip center located on Highway 111 adjacent to the Hilton Garden Inn and the Holiday in Express. The renowned Hibachi Japanese Steakhouse and Sushi Bar, Pinot's Palette, and Shabu Shabu Japanese Hot Pot are co-tenants in the strip center. Highway 111 monument sign identification is available. The Subject 1,365 sq. ft. space was utilized as a nail salon since 2004. It is located on the east end of the strip center adjacent to the Hilton Garden Inn. First year rental rate is a bargain at $2.25 / SF/ Month + NNN expenses.
- Pylon Sign
NEARBY MAJOR RETAILERS
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The City Centre | 71680 US Highway 111
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