Investment Overview

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.