Skip to main content

Shopping Strip

Mattress Firm and Club Champion

72306 CA-111, Palm Desert, CA 92260

Listing Price: $5,500,000

Cap Rate
5.28%
Rentable SF
6,816
Lot Size
0.18 acres
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 72306 Highway 11, a 6,800 SF commercial building located in Palm Desert, California. The property has an Excellent Tenant-Mix with Mattress Firm & Club Champion.

Investment Highlights

  • Long Term Passive Income: 2 Highly Successful and Popular National Tenants on Triple Net Leases. Mattress Firm - approximately 2,500 Stores. Club Champion - approximately 89 Stores.
  • Excellent Access & Visibility: Located at the Premier Intersection of Highway 11 & Fred Waring Drive with a Combined 76,600+ Vehicles Per Day.
  • Out-Pad to Walmart: Mattress Firm & Club Champion is Located at the Entrance Into the Walmart Shopping Center.
  • Near College of the Desert: 1.5 Miles from Mattress Firm & Club Champion. College of the Desert Enrolls about 12,500 Students.
  • Attractive Increases in Options: Mattress Firm - 10% Increases Every 5 Years with Two, 5 Year Options / Club Champion - $12,000 Increase in the Two, 5 Year Options.
  • Dynamic Demographics: Mattress Firm & Club Champion Benefits from a population of 71,901 & an Average Household Income of $108,536 Within a 5 Mile Radius.
  • Substantial Built-In Customer Base: Surrounded by Numerous National Retailers, Resorts, and Residential Communities with a Daytime Population of 111,115.
  • Major Golf Market: 25+ World Class Golf Courses within 5 Miles of Club Champion and one of the Top 2 Seasonal Recreation areas in the U.S.

Exclusively Listed By

Financing By

Shopping Strip

Mattress Firm and Club Champion

Listing Price: $5,500,000

Cap Rate
5.28%
Rentable SF
6,816
Lot Size
0.18 acres
Year Built
2019

Investment Highlights

  • Long Term Passive Income: 2 Highly Successful and Popular National Tenants on Triple Net Leases. Mattress Firm - approximately 2,500 Stores. Club Champion - approximately 89 Stores.
  • Excellent Access & Visibility: Located at the Premier Intersection of Highway 11 & Fred Waring Drive with a Combined 76,600+ Vehicles Per Day.
  • Out-Pad to Walmart: Mattress Firm & Club Champion is Located at the Entrance Into the Walmart Shopping Center.
  • Near College of the Desert: 1.5 Miles from Mattress Firm & Club Champion. College of the Desert Enrolls about 12,500 Students.
  • Attractive Increases in Options: Mattress Firm - 10% Increases Every 5 Years with Two, 5 Year Options / Club Champion - $12,000 Increase in the Two, 5 Year Options.
  • Dynamic Demographics: Mattress Firm & Club Champion Benefits from a population of 71,901 & an Average Household Income of $108,536 Within a 5 Mile Radius.
  • Substantial Built-In Customer Base: Surrounded by Numerous National Retailers, Resorts, and Residential Communities with a Daytime Population of 111,115.
  • Major Golf Market: 25+ World Class Golf Courses within 5 Miles of Club Champion and one of the Top 2 Seasonal Recreation areas in the U.S.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 72306 Highway 11, a 6,800 SF commercial building located in Palm Desert, California. The property has an Excellent Tenant-Mix with Mattress Firm & Club Champion.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower