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73670-73680 El Paseo
Palm Desert, CA 92260 South Palm Desert

Price Upon Request

Storefront For Sale  •  9,980 SF

Property Details

  • Property Type Storefront
  • Total Building Size 9,980 SF
  • Lot Size 0.5 AC
  • Building Class B
  • Year Built 1999
  • Tenancy Single
  • Zoning D
0 Transit Score
87 Walk Score

Highlights

Embark on a single-tenant NNN investment opportunity to acquire a retail storefront at a 5.50% cap rate that increases to 6.05% in October 2027.
One-story storefront building comprising 9,980 SF with a showstopping $6 million interior remodel to showcase the luxury Rolex USA offers.
Home to a corporate tenant of Rolex USA, with the initial lease term expiring in October 2032 with two five-year options to extend.
73670-73680 El Paseo is surrounded by high-end retailers, including Gucci, Louis Vuitton, Bottega Veneta, and Sak’s Fifth Avenue.

Public Transportation

AirportDriveWalkDistance
Palm Springs International 23 min - 12.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes