81765 Highway 111 5,721 SF 100% Leased Retail Building Indio, CA 92201 $1,849,000 ($323.20/SF) 5.90% Cap Rate

Meade Commercial is proud to offer 81765 Highway 111, Indio California for sale. The center is configured in five (5) units with four (4) in place tenants. Suite ranges from 790-2,771 square feet, with Desert Medical LLC anchoring the project in suites 2 & 3 on a long-term lease through March 31, 2032.Smaller format users in suites 1, 4 & 5 provide complimentary traffic and are on a mix of term and month-to-month leases, many with long operating histories at the location, supporting tenant stability and retention.
The current in-place income is approximately $109,010 with annual increases and the flexibility to increase month-to-month tenants. There is an additional $46,114 of annual NNN charges collected covering all property expenses. This income profile, at the indicated asking price of $1,849,000, equates to an initial CAP rate of roughly 5.90%, with modeled NOI growth over the hold period driven by contractual rent escalations and consistent NNN recoveries.
The building was constructed in 1997, is single-story wood frame construction on approximately 0.63 AC and twenty-six (26) on-site parking spaces with excellent visibility and access to highway 111. Located in the rapidly growing City of Indio - branded the "City of Festivals" - the asset benefits from strong surrounding demographics, robust visitor traffic, and an active pipeline of nearby retail and mixed-use development that supports long-term demand and investor upside.