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99 Cents Only Stores | Brand New NNN Lease | Southern California
34660 Monterey Ave, Palm Desert, CA 92211
Listing Price: $6,394,200
Investment Overview
99 Cents Only Stores is the leading operator of extreme value stores in California and the Southwestern United States. The company is based out of Commerce, CA and currently operates 384 stores in California, Texas, Arizona and Nevada. Their stores are attractively merchandised, clean, full-service shopping destinations that offer customers significant value on a wide selection of quality products from everyday household items to fresh produce to an exciting assortment of seasonal and party merchandise including decorations, costumes and gifts. The Palm Springs metro area is a major tourist destination located 2 hours east of Los Angeles in the heart of Coachella Valley. It's home to 130+ golf courses, and 4 casinos and has a population of 496,000, with some of the highest growth rates in Riverside County and California. The property is strategically positioned within the area’s largest shopping center directly off I-10, anchored by Walmart and Sam’s Club.
99 Cents Only Stores | Brand New NNN Lease | Southern California
Investment Highlights
- Passive California investment, with zero landlord responsibilities
- Brand New 16 Year NNN Lease, commenced March 30th, 2023
- Regularly scheduled rent increases to hedge against inflation
- Essential discount retailer offers security by being e-commerce and recession resistant
- Strategically located off I-10, in the area's largest power center with neighboring tenants including Walmart, Sam's Club, Home Depot, and Costco
- Palm Desert is an affluent community with strong population density and is part of the Greater Palm Springs area
Exclusively Listed By
Financing By
Discount
99 Cents Only Stores | Brand New NNN Lease | Southern California
Listing Price: $6,394,200
Investment Highlights
- Passive California investment, with zero landlord responsibilities
- Brand New 16 Year NNN Lease, commenced March 30th, 2023
- Regularly scheduled rent increases to hedge against inflation
- Essential discount retailer offers security by being e-commerce and recession resistant
- Strategically located off I-10, in the area's largest power center with neighboring tenants including Walmart, Sam's Club, Home Depot, and Costco
- Palm Desert is an affluent community with strong population density and is part of the Greater Palm Springs area
Investment Overview
99 Cents Only Stores is the leading operator of extreme value stores in California and the Southwestern United States. The company is based out of Commerce, CA and currently operates 384 stores in California, Texas, Arizona and Nevada. Their stores are attractively merchandised, clean, full-service shopping destinations that offer customers significant value on a wide selection of quality products from everyday household items to fresh produce to an exciting assortment of seasonal and party merchandise including decorations, costumes and gifts. The Palm Springs metro area is a major tourist destination located 2 hours east of Los Angeles in the heart of Coachella Valley. It's home to 130+ golf courses, and 4 casinos and has a population of 496,000, with some of the highest growth rates in Riverside County and California. The property is strategically positioned within the area’s largest shopping center directly off I-10, anchored by Walmart and Sam’s Club.
Exclusively Listed By
Financing By
