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44100 Jefferson Street
Indio, CA 92201

$6,800,000 
  • -- Beds
  • -- Baths
  • 14,490 sqft
  • Commercial | Retail
  • Active
44100 Jefferson Street, Indio - 548456225
44100 Jefferson Street, Indio - 548456226
44100 Jefferson Street, Indio - 548456227
44100 Jefferson Street, Indio - 548456228
44100 Jefferson Street, Indio - 548456229
44100 Jefferson Street, Indio - 548456230
44100 Jefferson Street, Indio - 548456231
44100 Jefferson Street, Indio - 548456232

Property Description for 44100 Jefferson Street, Indio CA 92201

Freestanding Single Tenant Investment Property for sale occupied by Walgreens Pharmacy in the City of Indio - home of the famous Coachella Valley Music Festival. The property is an out-parcel of the 150,000 sq.ft. Heritage Court Shopping Center of which a Brand New Walmart neighborhood store has just been opened in January 2018. The opening of the Walmart store brings in a huge amount of foot traffic to both the center and to the subject property. Primary term of the Lease has 13 years remaining (June 1, 2031) plus seven 5-year options (ending 2066). The Lease is on an absolute NNN basis with minimal Owner responsibility -Property Tax, Insurance & Maintenance are all tenant's responsibility. The annual Net Rental Income for the property is $350,000. The property is offered for sale at $6,800,000 at a Cap Rate of 5.15%. ***PROPERTY HIGHLIGHTS*** #1 STABLE INCOME: Rental income guaranteed by Walgreens parent corporate (S&P BBB) investment grade Fortune 500 Company with over 8,000 locations; #2 LONG LEASE TERM: 13 years of primary lease term remaining before the Seven (5 –year) options to follow (Lease expires in May 2066); #3 NNN LEASE: Absolute triple net lease (NNN) with minimal landlord responsibilities; #4 SIGNALIZED CORNER LOCATION: Located as an out parcel of the 150,000 Heritage Court Shopping Center anchored by newly opened WALMART at the signalized corner of Jefferson Street and Fred Waring Drive with traffic counts exceeding 47,000 vehicles per day

  • Property Class: Commercial Sale
  • Listing Status: Active
  • City: Indio
  • State: CA
  • Zip: 92201
  • Area: 311 - North Shore
  • County: Riverside
  • Class: Commercial
  • Property Subtype: Retail
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 14,490 sqft
  • Lot Sq Ft Apx: 22215.00
  • Year Built: 2005
  • Listing#: WS18133562
  • Parcel Number: 606380035
  • List Date: 6/3/2018
  • Last updated on: 6/17/2019

Property Features for 44100 Jefferson Street, Indio CA 92201

  • Year Built: 2005
  • Lot Desc: 2-5 Units/Acre

Additional Information for 44100 Jefferson Street, Indio CA 92201

  • Development Status: Existing
  • Gross Building Area: 14490.00
  • Net Income: 350000.00
Courtesy of Lap Leung, Adtech Realty
Copyright 2019, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.