Retail•Restaurant•For Sale

CASTANEDA'S MEXICAN FOOD IN PALM DESERT, CA

72810 Dinah Shore Drive, Palm Desert, California 92211

Sale Price $1,106,710 ($555.58 /SqFt)
Tenant Yes
Bldg Type Single-Tenant
Class C
Status Existing
Year Built 1991
Stories 1
Cap Rate 5.50%
Total Avail 1,992 SqFt
RBA 1,992 SqFt
Land Area .43 Acres
Commission 2% CO-OP
Net Lease Realty Partners is excited to present the rare opportunity to acquire the fee simple interest in a quick service restaurant site, located on the famous Dinah Shore Drive in Palm Desert, California. The property is well situated as an out parcel to a busy Costco Wholesale & Fuel Station anchored retail center. The current tenant operates “Castañeda’s Mexican Food” a private southwestern chain of quick service restaurants, specializing in authentic Mexican Food. There are currently 26 Castañeda’s locations scattered throughout Southern California. The tenant recently exercised an early lease extension, demonstrating a strong commitment to the site. The lease is absolute triple net (NNN), with no landlord responsibilities. This location operates 24 hours, and includes a convenient drive-thru.
  • - ABSOLUTE NET (NNN) LEASE WITH ZERO LANDLORD RESPONSIBILITIES
  • -OPERATOR OF 26 LOCATIONS
  • -94,000+ CARS PASS BY MONTEREY AVENUE FREEWAY EXIT
  • - 24 HOUR STORE LOCATION WITH DRIVE THRU
  • - OUT PAD TO COSTCO WHOLESALE AND FUEL STATION

1 Spaces

Restaurant
1
8/12/2019 12:00:00 AM 8/13/2019 7:21:20 PM

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