78611 Highway 111
La Quinta, CA 92253
El Pollo Loco · Retail Property For Sale

The subject property is a 32,548 square foot land parcel located in La Quinta, California. EPL signed a 20 year ground lease with Rent Commencement April 1, 2018 and rent increases every five years. EPL is building a 2,660 square foot Restaurant on the site with a drive thru. T-Mobile has an existing lease with a brand new mono palm cell tower being installed in March 2018. Presently they are operating from a temporary tower on site. They have approximately four (4) years left on their lease term with a final five (5) year option in 2022. The option rent increase is fifteen (15%) percent. Located along Highway 111, the area’s main traffic corridor with daily traffic counts exceeding 70,000 vehicles, the subject property is part of a 4 acre development known as La Quinta Square (see enclosed site plan) situated within Washington Park, a 600,000-square foot power and lifestyle center anchored by Lowe’s, Target, Cost Plus, Office Depot,Trader Joe’s and many more. Additionally, the site is also directly across from One Eleven La Quinta Center, a 480,000-square foot power center anchored by Kohl’s, Petco, Ross, Stater Bros Markets and Hobby Lobby. Other retailers in the immediate area include Walmart, Costco, The Home Depot, Vons, Best Buy, Smart & Final and many more. This affluent area boasts an average household income