Chick-fil-A Ground Lease 79520 CA-111

The subject property is prominently located in the Coachella Valley city of La Quinta with excellent access and visibility on the corner of Highway 111 and Dune Palms Road (combined 51,019 AADT), in close proximity to Interstate 10 (105,000 AADT). The site benefits from robust and dense demographics with a total daytime population of 169,781 and average household income of $117,050 within a 5-mile radius.
The property is part of the Dune Palms Mixed-Use Development, comprised of 4.3 acres of commercial development for the subject property and a future Quick Quack Car Wash, and 5.1 acres of residential development for the 180-unit Dune Palms Multifamily Development.
The property benefits from a prominent retail location in close proximity to major centers and retailers at a signalized hard corner along the Highway 111 corridor (51,019 AADT).
La Quinta, often called the “Gem of the Desert,” is a city in Riverside County, located in the growing Coachella Valley near Palm Springs. Often referred to as Greater Palm Springs, the Coachella Valley - which includes the nine cities of Cathedral City, Coachella, Desert Hot Springs, Indian Wells, Indio, La Quinta, Palm Desert, Palm Springs, and Rancho Mirage - has an estimate year-round population of nearly 500,000 and attracts over 14 million visitors each year.
The Coachella Valley is known for its luxury, recreation, and beautiful desert landscapes at the foot of picturesque mountain ranges. This desert oasis has become a worldwide destination for tourists due to its many attractions including numerous world-class golf and country clubs, resorts and spas, casinos, entertainment venues, museums, vibrant art and architecture, nightlife, and much more.
The primary airport for air travel to the area is the Palm Springs International Airport, which serves over 3.2 million passengers annually. In addition, airports offering private and charter flights include Bermuda Dunes Airport and Jacqueline Cochran Regional Airport. Due to its close proximity to Los Angeles (less than 2 hour drive), Orange County (less than 2 hours), and San Diego, (less than 2.5 hours) and its reputation as a desirable desert oasis getaway destination, the Coachella Valley experiences a heavy influx of both visitors and part-time residents from these areas. The major corridor through the Coachella Valley is Interstate 10, which is the fourth-largest interstate highway in the country, stretching coast-to-coast. It connects the area directly to Los Angeles to the west and Joshua Tree National Park and Phoenix to the east.