82608 Ca-111 Indio, CA 92201

Property Details for 82608 Ca-111

Year built

1966

Lot size

0.45 lot acres

Property type

Retail properties

Description

This exceptional investment opportunity presents a 1,760 sq ft Wienerschnitzel restaurant in Indio, CA. Boasting a prime location on Highway 111 (37,000 cars daily), this single-tenant, drive-thru property benefits from a 15-year absolute NNN corporate lease with 13 years remaining, featuring 2% annual rent increases. The property, built in 1966 and renovated in 2010, sits on a 0.45-acre lot and consistently ranks in the top 19% of all Wienerschnitzel locations nationwide. The $2,500,000 asking price reflects a 4.50% cap rate and a strong NOI of $112,616. The lease commenced in April 1966, demonstrating a long and successful operational history. This investment is further enhanced by its location in an Opportunity Zone, offering potential tax advantages. The surrounding area is experiencing significant growth, with over 750 new housing units under development nearby, along with established anchors like the Riverside County Fairgrounds and Courthouse, attracting substantial daily traffic. The property's proximity to the Interstate 10 on/off ramps and major events like the Coachella and Stagecoach music festivals contributes to its consistent high performance. This is a rare opportunity to acquire a top-performing, recession-resistant asset in a rapidly growing market. The tenant, Wienerschnitzel, is part of the Galardi Group, a privately held company with over $600 million in annual revenue, ensuring financial stability and long-term viability.