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INVESTMENT HIGHLIGHTS
Triple net lease with over 8 years of firm term remaining.
Rare 5% annual rent increases.
Personal guaranty from a strong local operator with proven track record. The owner sold his stake in the well-known sports bar, The Village Palm Springs, to open this location that has opened with above-expected sales.
Pad to Cathedral City Marketplace, a neighborhood shopping center anchored by Food4Less, DDs, and Planet Fitness, among others.
Disney’s Cotino mixed-use development will be their first planned neighborhood and within a 10-minute drive of the Property, a 618-acre mixed-use development that will include 1,932 residential units, a 24-acre lagoon, hotel, and a shopping district.
Highly exposed location with visibility and ingress/egress provided at the hard corner of two major retail arterials.
Coachella Valley has experienced significant growth and increased tourism with over $8b in annual tourism dollars. The Property benefits from its location just south of the area’s airport that serves the greater valley and cities to the south.
