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81939 Highway 111 2,992 SF Retail Building Indio, CA 92201 $1,699,999 ($568.18/SF) 6.50% Cap Rate
Executive Summary
Located along the high traffic commercial corridor of CA-111 in Indio, California, this single-tenant restaurant investment offers stable income with minimal management under a Triple Net (NNN) lease structure where the tenant pays taxes, insurance, and maintenance. The 3,450 square foot building generates $95,220 in annual income with 3% annual rent increases, providing built in income growth for investors. The property has also seen major improvements within the last 10 years, including new AC units and a fully renovated stainless steel commercial kitchen. The lease includes a five year term with two additional five year options, creating long term stability in one of the primary commercial corridors of the Coachella Valley.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,992 SF
Building Class
C
Year Built/Renovated
1992/2021
Price
$1,699,999
Price Per SF
$568.18
Cap Rate
6.50%
NOI
$110,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.48 AC
Zoning
C2 - Commercial zoning allowing restaurant, retail, and service oriented uses along the CA-111 corridor in Indio.
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
73’ on Highway 111
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 616-061-006 | Improvements Assessment | $334,929 |
| Land Assessment | $332,434 | Total Assessment | $667,363 |
Property Taxes
Parcel Number
616-061-006
Land Assessment
$332,434
Improvements Assessment
$334,929
Total Assessment
$667,363
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Presented by
Century 21 Synergia Realty
81939 Highway 111
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