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74740 111 Hwy
Palm Desert, CA 92260
Ruth's Chris Steak House · Retail Property For Sale
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
About 74740 111 HWY , PALM DESERT, CA 92260
Marcus & Millichap is pleased to present this Rare opportunity to purchase a Ruth' s Chris Steakhouse located in the affluent California community of Palm Desert. BEST OF CLASS 100% NNN LEASED INVESTMENT - Rare opportunity to purchase a Ruth' s Chris Steakhouse located in the affluent California community of Palm Desert - NNN leased to Ruth' s Chris Steak House, the world' s first fine dining chain to exceed $500 million in revenue - Ruth' s Chris is on a long-term twenty (20) year, corporate lease (approximately 13 years remaining) with one (1) five (5) yr option - The Absolute NNN Lease is guaranteed by Ruth' s Hospitality Group, Inc., a publicly traded company (Nasdaq: RUTH) - Ruth' s Chris is consistently voted #1 by consumers in the National Restaurant News annual survey - Palm Desert Ruth' s Chris location currently boasts a Zagat rating of 94% based on food, decor, service and cost
Property Taxes
| Parcel Number | 625-100-056 | Improvements Assessment | $2,545,863 |
| Land Assessment | $773,423 | Total Assessment | $3,319,286 |
Property Taxes
