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73547-73575 Highway 111
2,830 SF of Retail Space Available in Palm Desert, CA 92260
Sublease Highlights
- Building signage on two facades
- Prime end cap in the Jensen’s Fine Food Center
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 73547 | 2,830 SF | Negotiable | £36.50 /SF/PA £3.04 /SF/MO £392.87 /m²/PA £32.74 /m²/MO £103,291 /PA £8,608 /MO | Triple Net |
1st Floor, Ste 73547
Rare opportunity to sublease a prime, central Palm Desert, fully-improved fast casual restaurant, which offers excellent Highway 111 frontage and signage, along with easy access to parking and close-by El Paseo shopping district. The conversion to restaurant was done in 2020 with a clean, open, floor plan, new HVAC and kitchen improvements. 2,830 SF restaurant with 470 SF patio area. Available through February 28, 2030.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Ample parking including limited-time parking
- Prime end cap in the Jensen’s Fine Food Center
- Building signage on two facades
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 73547-73575 Highway 111 , Palm Desert, CA 92260
| Property Type | Retail | Total Land Area | 0.71 AC |
| Property Subtype | Storefront | Year Built/Renovated | 1965/2020 |
| Gross Internal Area | 9,201 SF | Cross Streets | Larkspur Ln. |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 9,201 SF |
| Total Land Area | 0.71 AC |
| Year Built/Renovated | 1965/2020 |
| Cross Streets | Larkspur Ln. |
About the Property
Rare opportunity to sublease a prime, central Palm Desert, fully-improved fast casual restaurant, which offers excellent Highway 111 frontage and signage, along with easy access to parking and close-by El Paseo shopping district. The conversion to restaurant was done in 2020 with a clean, open, floor plan, new HVAC and kitchen improvements. 2,830 SF restaurant with 470 SF patio area. Available through February 28, 2030.
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
-
Power Broker Maggie Montez -
Shawna Strange -
Lee & Associates
Presented by
73547-73575 Highway 111
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