Indio, CA - Pep Boys 81-246 State Highway 111, Indio, CA Cap Rate 8% Indio ( California, US ) Built

$3,740,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 19,338 sq. ft.
  • Development Level: Built
  • Year Built: 1950

Description

Indio, CA - Pep Boys 81-246 State Highway 111, Indio, CA Cap Rate 8%

Cap Rate: 8%
NOI: $299,203
Building Size: 19,338 sqft
Occupancy: 100%
Year Built: 1950

Price: $3,740,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, Pep Boys investment property located in Indio, CA. The tenant, The Pep Boys Manny Moe & Jack of California, has 3 years remaining in their initial term with 4 (5-year) option periods to extend. The lease features rare 1.50% annual rental increases throughout the initial term and at the beginning of the first option period, steadily growing NOI. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The subject property is strategically located along Highway 111 (25,500 VPD), the main north/south route and retail corridor throughout the Coachella Valley. The asset sits adjacent to a Stater Bros. grocery anchored center, promoting crossover traffic to the site. Other nearby national/credit tenants include a Walmart Supercenter, Costco Wholesale, Lowe’s, Target, The Home Depot, Walgreens, Trader Joe’s, and more, further increasing consumer draw. Additionally, the asset is just 3 miles from the Empire Polo Club, home to the Coachella Valley Music & Arts and Stagecoach festivals, which hosts more than 250,000 attendees annually, providing a direct consumer base from which to draw. Moreover, the 5-mile trade area is supported by a dense population of over 180,000 residents with a healthy average household income of $88,727.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.