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73670-73680 El Paseo
Palm Desert, CA 92260
Retail Property For Sale

Investment Highlights

  • Embark on a single-tenant NNN investment opportunity to acquire a retail storefront at a 5.50% cap rate that increases to 6.05% in October 2027.
  • Home to a corporate tenant of Rolex USA, with the initial lease term expiring in October 2032 with two five-year options to extend.
  • One-story storefront building comprising 9,980 SF with a showstopping $6 million interior remodel to showcase the luxury Rolex USA offers.
  • 73670-73680 El Paseo is surrounded by high-end retailers, including Gucci, Louis Vuitton, Bottega Veneta, and Sak’s Fifth Avenue.

Property Facts

Property Type
Retail
Property Subtype
Storefront
Building Size
9,980 SF
Building Class
B
Year Built/Renovated
1999/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.50 AC
Zoning
D - Downtown district
Frontage
117’ on El Paseo

Property Taxes

Property Taxes

Parcel Number
627-212-017
Land Assessment
$744,095
Improvements Assessment
$4,722,235
Total Assessment
$5,466,330
  • Listing ID: 30950350

  • Date on Market: 2/13/2024

  • Last Updated:

  • Address: 73670-73680 El Paseo, Palm Desert, CA 92260

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