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)
Sale Type Investment
Sale Condition NNN Investment
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 the 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 an 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
1,992 SqFt
1
8/12/2019 12:00:00 AM 12/9/2019 6:12:17 PM

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