75015 Sheryl Ave, Palm Desert, CA 92211
Established car wash with long-term NNN lease in place.
- Added:
- Nov 20, 2025
- Days on Market:
- 218
- Last Refresh:
- Mar 17 at 1:18 pm
Property Features for 75015 Sheryl Ave
General Information
- Standard status
- Active
- Size
- 17,100 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1991
Listing office Johnson Commercial Real Estate, Inc.
Listing date Nov 20, 2025
Source Crexi
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 Johnson Commercial Real Estate, Inc.
HighLights
- NNN lease in place with approximately 9 years remaining (Exp. 8/31/34).
- Attractive 7.29% CAP Rate.
- Annual Base Rent escalation of 3%.
- Solar panel system installed in 2018, paid in full, and included in the sale.
- Established business: Harv's Car Wash has been a popular spot since 1991.
- Single tenant property.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $369.4k | $21.60 |
| − Vacancy | −$19.2k | −$1.12 |
| EGI | $350.2k | $20.48 |
| − OpEx | −$105.0k | −$6.14 |
| NOI | $245.1k | $14.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Palm Desert
- County
- Riverside
- State
- California
- Longitude
- -116.3549479
- Latitude
- 33.7372191
