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OFFERING PRICE:
$3,306,000
TOTAL BUILDING AREA:
±6,960 SF
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INVESTMENT HIGHLIGHTS
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High Quality, AutoZone Anchored Retail Pad – Consisting of 6,960 SF, AutoZone & Fit in 42 is a strategically located outparcel to the greater One-Eleven La Quinta Center
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AutoZone (NYSE:AZO) represents 72% of the property’s GLA and is the largest retailer of aftermarket automotive parts and accessories in the United States with over 6,500 locations across the United States, Mexico, and Brazil and boasts a market capitalization of $28 billion and a revenue of $13 billion
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Fit in 42 (lease began May 2020) is a training studio that offers small group and individual semi-private personal training sessions from 5 locations
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Extremely Strong Sales Volumes – AutoZone’s sales at this store are significantly above their national average
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Point of Destination Location – The property is located within the greater, One-Eleven La Quinta Center, a 426,000 SF, institutional quality community center, anchored by Stater Bros, Kohl’s, Hobby Lobby, Petco, Ross Dress for Less, Big 5 Sporting Goods, and Staples creating a strong regional and local draw to the property
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High Traffic Location – Strong traffic counts of over 38,500 CPD on CA-111 with an access point directly adjacent to the property allowing for convenient ingress and egress complemented by ample parking creates a strong draw to the property
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Hospitality Density – Situated in the heart of La Quinta, with proximity to high-end resorts including, La Quinta Resort & Club (796 rooms), Renaissance Esmeralda Indian Wells Resort & Spa (560 rooms), Hyatt Regency Indian Wells Resort & Spa (530 rooms), and many others
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Low Management/Low Hassle – Only 2 tenants on NNN leases, providing an excellent low management investment opportunity
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No In-Place Financing – Delivered free and clear of existing financing and available for an immediate cash close to accommodate quick 1031 exchange timelines |
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
FOR MORE
INFORMATION
PLEASE CONTACT:
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THIS IS A MARKETING COMMUNICATION
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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Ultimately, occupiers and landlords must make and implement their own reopening decisions for their individual stakeholders and facilities. CBRE's guidance is intended to help facilitate those discussions and expedite the implementation of those decisions once made by the client. We make no representations or warranties regarding the accuracy or completeness of these materials. CBRE cannot ensure safety and disclaims all liability arising from use of these materials.
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