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Wienerschnitzel | Indio, CA 82608 Us Highway 111

1,760 SF Retail Building Indio, CA 92201 £1,972,500 (£1,121/SF) 4.50% Net Initial Yield

Investment Highlights

  • One of the Top-Performing Wienerschniztel Locations in the Chain: Top 19% in California and Nationwide (296 Locations)
  • Located in an Opportunity Zone: Investment may be eligible for preferential tax treatment or benefits
  • Located along the path from the Interstate 10 On/Off Ramps to the Coachella and Stagecoach Music Festivals
  • Single-Tenant Drive-Thru Restaurant: 60 years of operating history at the location | 15-year absolute NNN corporate lease
  • Market-Rate and Affordable Housing Projects Under Development Nearby: Over 750 new housing units are in the planning and construction phase
  • Indio is the Largest and Fastest-Growing City in the Greater Palm Springs Area

Executive Summary

15 Year Absolute NNN Corporate Lease | 2% Annual Increases | Highway 111 Frontage (37,000 CPD)

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,760 SF
Building Class
C
Year Built/Renovated
1966/2010
Price
£1,972,500
Price Per SF
£1,121
Net Initial Yield
4.50%
NOI
£88,854
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.45 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Highway 111 Corridor SP - As of 2022, this property is in the newly-enacted Highway 111 Corridor Specific Plan
Parking
16 Spaces (9.09 Spaces per 1,000 SF Leased)
Frontage
200 ft on Highway 111

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Dec 2038

They are a family-owned company and they're going to keep it that way. They know that Wienerschnitzel holds a special place in the hearts of their fans, many who’ve grown up with them, and they're committed to serving up craveable food at a great value for many generations to come.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services - - Triple Net Dec 2038

Links

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Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Chase Bank
Denny's
Applebee's
Flame Broiler
Rent-A-Center
Cardenas
U.S. Bank
Sizzler
Dutch Bros
Mechanics Bank

PROPERTY TAXES

Parcel Number 611-202-015 Improvements Assessment £1,341,300
Land Assessment £315,600 Total Assessment £1,656,900

PROPERTY TAXES

Parcel Number
611-202-015
Land Assessment
£315,600
Improvements Assessment
£1,341,300
Total Assessment
£1,656,900
(760) 349-6711

  • Listing ID: 27423970

  • Date on Market: 03/01/2023

  • Last Updated:

  • Address: 82608 Us Highway 111, Indio, CA 92201

The Retail Property at 82608 Us Highway 111, Indio, CA 92201 is currently available For Sale. Contact Smoketree Investments for more information.

Nearby Listings

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82608 Us Highway 111, Indio, CA for sale Building Photo- Image 1 of 4
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© 2024 CoStar Group

Wienerschnitzel | Indio, CA | 82608 Us Highway 111
(760) 349-6711 x

Wienerschnitzel | Indio, CA | 82608 Us Highway 111

Josef Jonathan

(760) 349-6711

(760) 349-6711

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