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Freestanding Retail Building

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Freestanding Retail Building

47985 Monroe St

Indio, CA 92201

Price:
$4,350,000
Year Built:
2008
Lot Size:
1.69 AC
Lease Type:
NNN / AS-IS
Status:
Available

Investment Highlights

  • Proven Retail Viability (Former Rite Aid)
  • Prime Last-Stop Retail Location on Route to Coachella
  • Fastest-Growing City in Coachella Valley
  • Adjacent Parcel Available from Same Seller/Lessor

Marcus & Millichap is pleased to present a prime retail opportunity in Indio, California—available for sale at $4,350,000 or for lease at $21/PSF NNN annually. This modern 17,397-square-foot freestanding building sits on a 75,966-square-foot parcel and was formerly occupied by Rite Aid. The property features extensive tenant improvements including premium drop ceilings with integrated lighting, merchandise shelving, coolers, counters, a drive-through pharmacy, finished mezzanine with freight elevator, and 69 parking spaces (three ADA). All utility systems—HVAC, electrical, fire safety, surveillance, and more—are included in the sale.

Strategically located near new residential developments in La Quinta and Indio, the site is just one mile south of Highway 111, providing excellent Valley-wide access without the noise of a major commercial corridor. The property is also close to JFK Memorial Hospital, a key regional employer and healthcare provider, and benefits from strong area demographics with an average household income of $86,578 within three miles and over $3 billion in annual local spending.

Permitted uses include supermarket, pharmacy, apparel, sporting goods, pet supplies, furniture, and more. An adjacent .89-acre parcel, zoned “Neighborhood Center,” is also available from the same seller/lessor, offering expansion or complementary development potential.

View M&M Listing Page

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    The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NNN Fitness and distribution to any other person or entity without the express written consent of NNN Fitness is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NNN Fitness has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. NNN Fitness has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, NNN Fitness has not verified, and will not verify, any of the information contained herein, nor has NNN Fitness conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

Email & Bio »

Jake Bordelon

Senior Director Investments

858-373-3133

Email & Bio »

Bruce Haulley, CCIM

Director Investments

CA: 01239289