Single Tenant Nnn Investment

73670 El Paseo, Palm Desert, CA

$9,150,000

Price

9,980 sqft

Building Size

0.4963 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
9,980 sqft
Lot Area
0.4963 acres
Class
A
Year Built
1999
Floors
1
Description

Corporate Tenant (Rolex USA) 5.24% cap rate Located in the Heart of the El Paseo Shopping District


Located in the heart of the El Paseo shopping district.

Highlights
  • Corporate lease with Rolex USA, parent company of Tourneau/Bucherer
  • Prime El Paseo location surrounded by high-end retailers, including Gucci, Louis Vuitton, Bottega Veneta, and Sak’s Fifth Avenue
  • Impressive $6 million interior remodel/upgrading completed in 2022
  • Cap rate increases to 5.77% on October 2027
  • Initial lease term expires October 2032, with two 5-year options to extend
Documents
Location
Gallery