La Quinta, CA - One Eleven La Quinta Center

Description:

SRS Capital Markets is pleased to present the opportunity to acquire One Eleven La Quinta Center, an irreplaceable portion of a dominant community shopping center located along Highway 111 in La Quinta, CA, within the affluent Coachella Valley MSA. The offering consists of 11 parcels totaling 10.44 acres, including three in-line retail buildings totaling 133,312 square feet, situated within the larger 482,607 square foot regional shopping center. The center features a strong national tenant lineup including Stater Bros (NAP), Ross Stores, Hobby Lobby (NAP), Staples, Kohl’s (NAP), Petco, Big 5 Sporting Goods, Five Below, and Daiso, and attracts over 6 million annual visitors annually.

The asset offers a stable and seasoned rent roll, with 74% national tenants and over 72% of tenants operating at the center for more than 10 years. Ownership has invested approximately $6.0 million in recent capital improvements, while recent long-term leases with Five Below, Daiso, and Tennis Warehouse further reinforce the center’s strong leasing momentum. Additionally, the buyer will inherit rights of first offer/refusal on multiple outparcels, creating a compelling long-term assemblage and value creation opportunity within one of the Coachella Valley’s premier retail corridors.

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