One Eleven La Quinta Center - La Quinta, CA

Description:

SRS Invesment Properties Group is pleased to present the rare opportunity to acquire an irreplaceable and highly successful community center in the affluent community of La Quinta, CA. 111 La Quinta Center is located at the strongest intersection of the main retail corridor in the trade area. Tenants within the center include: Stater Bros (NAP) Ross Stores, Hobby Lobby (NAP), Staples, Kohl’s (NAP), Petco, Big 5 Sporting Goods, The majority of these retailers are among the strongest performing in the Southern California region. The center continues to be a primary retail destination in the Coachella Valley. 111 La Quinta Center has many long-term tenants, with tenants comprising over 68% of the GLA operating in the center for over 10-years. In addition to the current roster of tenants, the offering includes two undeveloped junior anchor building pads and one undeveloped shops pad which can accomodate up to 80,430 SF of building area.

111 La Quinta Center is well positioned at two (2) signalized, hard corner intersections, Hwy-111 and Adams Street (over 43,000 combined vehicles per day at this intersection), and Hwy-111 and Washington Street (over 66,000 vehicles per day at this intersection). The immediate trade area boasts some of the highest average household incomes in Southern California, with average household income within one-mile exceeding $107,000. Additionally, there are approximately 160,000 consumers and over 58,000 daytime employees within a 5-mile radius of the subject property.

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