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Vacant-User

12900 Palm Dr

12900 Palm Dr, Desert Hot Springs, CA 92240

Listing Price: $2,500,000

Cap Rate
12.11%
Gross SF
12,616
Rentable SF
12,616
Price/Gross SF
$198.16
Lot Size
1.42 acres
Year Built
2000

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 12900 Palm Dr, a dark single-tenant Rite Aid, located in the heart of Desert Hot Springs, CA — a high-traffic corridor within the thriving Coachella Valley region.

Investment Highlights

  • Freestanding 12,240 SF building with drive-thru on a signalized hard corner (Palm Dr. & Hacienda Ave).
  • Prime location in Desert Hot Springs' main retail corridor with high visibility and monument signage.
  • Surrounded by major national tenants including Stater Bros., Chase, Taco Bell, McDonald's, and AutoZone.
  • Well-maintained property, built in 2000 and renovated in 2012.
  • Located in one of Coachella Valley's fastest-growing communities with strong tourism and population growth.
  • Approx. 80 parking spaces, frontage along Granada Ave (~260') and Palm Drive (~256') at a signalized corner.

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
12.11%
Gross SF
12,616
Rentable SF
12,616
Price/Gross SF
$198.16
Lot Size
1.42 acres
Year Built
2000

Investment Highlights

  • Freestanding 12,240 SF building with drive-thru on a signalized hard corner (Palm Dr. & Hacienda Ave).
  • Prime location in Desert Hot Springs' main retail corridor with high visibility and monument signage.
  • Surrounded by major national tenants including Stater Bros., Chase, Taco Bell, McDonald's, and AutoZone.
  • Well-maintained property, built in 2000 and renovated in 2012.
  • Located in one of Coachella Valley's fastest-growing communities with strong tourism and population growth.
  • Approx. 80 parking spaces, frontage along Granada Ave (~260') and Palm Drive (~256') at a signalized corner.

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 12900 Palm Dr, a dark single-tenant Rite Aid, located in the heart of Desert Hot Springs, CA — a high-traffic corridor within the thriving Coachella Valley region.

Exclusively Listed By

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