81936-81940 US Highway 111
Indio, CA 92201
81850-81940 Highway 11, Indio, CA | Value Add · Retail Property For Sale

Southern California Opportunity Great opportunity for investor to acquire a Southern California retail center in an Indio California, with approximately 100,994 residents within a 3-mile radius. Dense Retail Location There are approximately over 47,454 cars per day between Highway 111 and Monroe Street. Surrounding National Tenants Food 4 Less, Denny' s, In and out, Bank of America, El Pollo Loco, Starbucks, Wells Fargo and many others Immediate Rental Upside with 47% vacancy, 18,184 SF of the property is available for lease, providing the potential to add over$18,000 of base rental income Low Rents Average rents are under $1.00 per square foot NOI Growth After vacancies filled and rental increases, the Net Operating Income return is projected be over 8% by year two, providing investor with above average return