78825 Highway 111
La Quinta, CA 92253
T.J.Maxx | ULTA Beauty · Retail Property For Sale

BOTH STORES ARE NOW OPEN Two-Tenant T.J.Maxx and ULTA Beauty retail Investment; Brand new 10-year corporate guaranteed leases with two successful national retailers -T.J.Maxx (NYSE: TJX) is a publicly traded company with investment grade credit (A+ stable) -T.J.Maxx has the largest market cap of all apparel companies ($52 billion) and consistent annual revenue growth of over 7% year over year -T.J.Maxx has 7% rental increases every 5 years in their option periods -ULTA Beauty (NASDAQ:ULTA) is the largest beauty retailer in the United States with over 907 locations across 48 states -ULTA Beauty has achieved 7 straight quarters of consecutive revenue growth and a 77% gain in their stock price over the last 12 months -ULTA Beauty has fixed 10% rental increases every 5 years including option periods Ease of management; passive investment with minimal landlord responsibilities Located within Washington Park, the premier shopping center in La Quinta; tenants include Target, Lowe' s, Trader Joe' s, ALDI, Stein Mart, In-N-Out Burger, Chase Bank, and Century Theatres High traffic location situated at the signalized intersection of Highway 111 and Simon Drive with average daily traffic counts over 32,000 cars per day along Highway 111 Recently redeveloped corner of Highway 111 and Simon Drive with the new Aldi and In-N-Out Burger has tremendously enhanced exposure, identity, and visibility of the subject property Dominant retail corridor between Washington Street and Jefferson Street; national credit tenants located at the same intersection include Stater Bros., Ross Dress For Less, Staples, Kohl' s, Petco, and Hobby Lobby Dense affluent trade area with over 159,000 people within a 5-mile radius of the subject property and over $88,000 average household income within a 1-mile radius La Quinta is an extremely affluent resort city with an annual average household income of more than $99,000 making it one of the highest income cities in the Coachella Valley