78375 Varner Rd
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78375 Varner Rd
6,887 SF Retail Building Palm Desert, CA 92211 £1,917,003 (£278/SF)
Investment Highlights
- Located Directly off Interstate 10, ±94,000 daily traffic count, with Freeway Visibility & Pylon Signage
- Adjacent to Sun City Palm Desert retirement community, home to over 9,000 + residents
- Located near new and exciting developments, including Acrisure Arena and numerous shopping centers
- Pad to a McDonalds, Starbucks, Chevron, Arco, Popeye’s and Burger King
- Trade area includes over ±113,000 residents and average household income of ±$110,643 in a 5-mile radius
- Built in 1999, ±6,887 Building SF, Lot Size of ±1.56 Acres with Ample Parking
Executive Summary
Marcus & Millichap is pleased to present, on an exclusive basis, the opportunity to purchase or NNN lease a former, and now, vacant Coco’s Bakery/Mega Café restaurant located at 78375 Varner Road in Palm Desert, California.
Located directly off the Interstate 10 Freeway with ± 94,000 daily traffic count, the property offers freeway visibility and pylon signage. Built in 1999, this fee simple investment opportunity consists of a ± 6,887 square foot restaurant pad on an approximately 1.56-acre lot. The subject property serves ± 113,000 residents within a 5-mile radius, with an average household income of $110,643. Situated within the
Desert Cities Oasis Shopping Center, tenants include McDonalds, Starbucks, Arco, Chevron, Burger King and Popeyes’s Chicken.
Additionally, located just north of the subject property, is the Sun City Palm Desert retirement community, home to over 9,000+ residents. Palm Desert, known as the cultural and retail hub of the desert communities, is just 15 miles away from Palm Springs, a popular yearly destination attracting ± 1 million tourists on an annual basis. Tourists are drawn to the Coachella Valley for its world-class hotels, resorts, golf courses, and cultural events.
(1) Please contact listing team for further information and touring instructions.
(2) The existing fixtures and furniture are available to purchase from the previous tenant.
Located directly off the Interstate 10 Freeway with ± 94,000 daily traffic count, the property offers freeway visibility and pylon signage. Built in 1999, this fee simple investment opportunity consists of a ± 6,887 square foot restaurant pad on an approximately 1.56-acre lot. The subject property serves ± 113,000 residents within a 5-mile radius, with an average household income of $110,643. Situated within the
Desert Cities Oasis Shopping Center, tenants include McDonalds, Starbucks, Arco, Chevron, Burger King and Popeyes’s Chicken.
Additionally, located just north of the subject property, is the Sun City Palm Desert retirement community, home to over 9,000+ residents. Palm Desert, known as the cultural and retail hub of the desert communities, is just 15 miles away from Palm Springs, a popular yearly destination attracting ± 1 million tourists on an annual basis. Tourists are drawn to the Coachella Valley for its world-class hotels, resorts, golf courses, and cultural events.
(1) Please contact listing team for further information and touring instructions.
(2) The existing fixtures and furniture are available to purchase from the previous tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,887 SF
Building Class
B
Year Built
1999
Price
£1,917,003
Price Per SF
£278
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
1.56 AC
Zoning
SP ZONE - Specific Plan Zone
Parking
70 Spaces (9.33 Spaces per 1,000 SF Leased)
Frontage
123 ft on Varner Rd
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalised Intersection
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 6,887 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,887 SF | Retail | - | Now |
1st Floor
| Size |
| 6,887 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 748-380-004 | Improvements Assessment | £1,780,587 |
| Land Assessment | £1,068,351 | Total Assessment | £2,848,938 |
PROPERTY TAXES
Parcel Number
748-380-004
Land Assessment
£1,068,351
Improvements Assessment
£1,780,587
Total Assessment
£2,848,938
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78375 Varner Rd
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