Investment Overview

Available for lease or for sale: $4,350,000 or $21/PSF NNN annual rent. Property is a modern freestanding structure of 17.397 square feet sited on a parcel 75,966 square feet. Formerly leased by Rite Aid, the space offers extensive existing tenant improvements, including a premium drop ceiling with an integrated lighting system, merchandise shelving and coolers, counter spaces, a manager’s office, receiving and storage areas, a drive-through pharmacy, a finished mezzanine, freight elevator, and many other amenities. The property has 69 parking places, including three reserved for ADA parking. All existing tenant improvements and utility systems (i.e., HVAC, Electrical, Communication, Fire Sprinkler, Fire Alarm, Surveillance and Security Alarm, etc.) are a part of the sale. The site is well located central to new residential developments in La Quinta and Indio. Hwy 111, the main traffic artery through Coachella Valley, is one mile north of the Subject Property. The highway offers excellent access to the rest of the Valley, but the Property is not subjected to the noise and busy commercial nature of the 111. Indio, known as the “City of Festivals,” hosts world-renowned events like Coachella and Stagecoach, offering residents access to cultural and entertainment experiences. The area around the Subject Property has a variety of housing options, with 848 apartments listed nearby, catering to different budgets and lifestyles. The J.F.K. Medical Campus is just north of the Property, boasting several benefits. Convenient Access to Quality Healthcare: The JFK Memorial Hospital features a 145-bed acute-care facility offering 24/7 emergency care, advanced medical imaging (CT, MRI, ultrasound), orthopedics, cardiac care, maternity services, and surgical options. Many ancillary properties form its campus. Economic and Employment Opportunities: JFK Memorial Hospital is a major economic driver in the region, providing jobs in healthcare, from nursing to radiology and administration. Emergency Preparedness: The hospital’s 24-hour emergency department, with 52,000 annual visits, and advanced certifications (e.g., Advanced Primary Stroke Center) provide community benefits. Population and Demographics The sub-market of the Subject Property boasts several impressive qualities: Household income within a three-mile radius is $86,578. The population within a ten-minute drive time is 109,155, spending $3,081,000,000 annually, Retail Trade: $678,051,000 Health care: $230,327,000 Dining outside the home: $125,754,000 Apparel: $75,755,000 Pets: $31,600,000. The permitted and conditional use of this property would include: • Supermarket and Grocery Store • Alcoholic Beverage Sales • Furniture and Home Furnishings Store • Electronics/Appliance Retailer • Clothing and Accessories, Shoes, and Jewelry Store • Sporting Goods, Hobby, Book, and Musical Instrument Store • Pharmacy/Drug Store and Convenience Store • Office Supplies, Stationary, and Gift Store • Cosmetics, Beauty Supplies • Automotive Parts and Accessories • Pet and Pet Supplies Store Adjacent Parcel Available from Same Seller/Lessor Immediately to the west of the former Rite Aid is a parcel of land, .89 acres, zoned “neighborhood center” (NC). The NC zoning permits a great deal of development options for a tenant of the Subject Property in creating a complementary retail/service/storage area. This is an additional element to the Subject Property and is negotiable.