Coachella, CA - Starbucks & Shops

Description:

• Brand new construction 4,850 SF retail building anchored by Starbucks Café & Drive-Thru with two vacant 1,500 SF suites to lease.
• Opportunity to Lease-Up the Vacant Suites at an estimated $30 PSF annually to achieve an 8.06% Return on Cost or Stabilized Cap Rate
• Arbitrage opportunity to sell the fully leased building for significant profit. See agent for comps and details
• Starbucks signed a brand new 10-year lease with 10% increases every 5 years

• Adjacent to 250 room proposed hotel development, helping draw additional consumers to trade area
• 5 Minutes from Spotlight Casino, a 250,000 SF casino that features gaming, entertainment, and dining
• 8 Minutes to Empire Polo Grounds / Coachella Musical Festival and Stagecoach Musical festival – which has over 620,000 attendees
• 130+ Golf Courses in Coachella Valley; nearby clubs include The Madison Club, Hideaway Golf Club, The Plantation Golf Club, Tradition Golf Club, Andalusia Country Club, and The Quarry at La Quinta

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Listing ID: a28TP0000029T6TYAU