NNN Retail Restaurant
For Sale
Contact for pricing
47150 Washington St, La Quinta, CA 92253
Fully occupied retail restaurant pad with two NNN tenants, including annual 3% rent increases and remaining lease terms.
Property Size6,400 SF
Days on Market122
Property Features for 47150 Washington St
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
73,600 vehicles/day
Highway Access
Yes
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
NNN & Retail Group
Listed By:
Kevin Le · License #01511997
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NNN & Retail Group
Investment Insights
Based on property information with market context.
This 100 percent occupied retail property is a restaurant pad within the La Quinta Professional Plaza, constructed in 2005. The offering features two restaurant tenants operating under triple net leases, with three-percent annual rent increases. Louise’s Pantry is in place under its initial term with eight years remaining, and Chula Cafe has three years remaining on its initial term.
Louise’s Pantry has operated in the Coachella Valley since 1946 and has operated the La Quinta location since 2005, when the property was constructed. Chula Cafe has been at the location for the past two years.
The property is located just south of Highway 111, with Washington Street identified as one of the major intersections and traffic counts of 73,600 vehicles per day. The La Quinta Professional Plaza includes over 40,000 square feet of occupied space, and the immediate community is described as approximately 58,000 households within five miles. Average household income is reported as nearly $130,000 within a mile.
Louise’s Pantry has operated in the Coachella Valley since 1946 and has operated the La Quinta location since 2005, when the property was constructed. Chula Cafe has been at the location for the past two years.
The property is located just south of Highway 111, with Washington Street identified as one of the major intersections and traffic counts of 73,600 vehicles per day. The La Quinta Professional Plaza includes over 40,000 square feet of occupied space, and the immediate community is described as approximately 58,000 households within five miles. Average household income is reported as nearly $130,000 within a mile.
Key Highlights
- 6,400 SF retail property in La Quinta, 100% occupied by two restaurant tenants
- Both tenants are on triple net (NNN) leases with 3% annual rent increases
- Lease terms: Louise's Pantry has 8 years remaining on its initial term; Chula Cafe has 3 years remaining
Property Analytics
Current Use
Lease Details
73,600 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92253, CA
37,422
Population
24,679
Households
1.5
Avg Household Size
52
Median Age
39%
College-Educated
92%
High-School Grad
40.4 sq mi
ZIP Area
926
Density / Sq Mi
$97,397
Median Household Income
$46,416
Median Earnings
$1,741
Median Rent
$612,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully occupied retail restaurant pad with two NNN tenants, including annual 3% rent increases and remaining lease terms.
Where is this conventional restaurant located?
The property is located at 47150 Washington St La Quinta, CA.
What are key features of this property?
This property features: 6,400 SF retail property in La Quinta, 100% occupied by two restaurant tenants; Both tenants are on triple net (NNN) leases with 3% annual rent increases; Lease terms: Louise's Pantry has 8 years remaining on its initial term; Chula Cafe has 3 years remaining
