82266 US Highway 111
Indio, CA 92201
Cardenas · Retail Property For Sale

Marcus and Millichap is pleased to present an absolute net leased Cardenas Grocer located in Indio, California. The property consist of a 58,904 square foot build to suit grocery store sitting on a 5.64 acre parcel with 324 parking stalls. The real estate fronts Highway 111 where average daily traffic counts exceed 56,000 car per day and is shadow anchored with a CVS, Autozone, Jack in the Box and 15,000 square feet of inline shops. The real estate benefits with the drugstore component and pads providing a synergy for the center and shopper. The tenant has had a successful operating history at this location for over 10 years. There are 11 years remaining on the primary term with 10% rent increases every 5 years including all option periods. The investment is an excellent necessities based retail offering with a strong performing grocer serving the growing population in Indio. This location in Indio is one of the busiest in the Coachella Valley where traffic counts exceed 56,000 cars per day pass by this property. Located just off the Northeast corner of Highway 111 and Monroe this location is home to variety of National and regional retailers some of which include: In and Out Burger, Starbucks, Food for Less, Harbor Freight Tools.