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

