Property summary
This exceptional investment opportunity presents a single-tenant, net-leased Walgreens property situated in the prime Coachella Valley location of Bermuda Dunes, California. The 74,488 square foot building, constructed in 1999, sits on a 1.71-acre lot and boasts 79 parking spaces. The property enjoys a hard corner pad location within the Washington Square shopping center, anchored by prominent retailers including Ralph's, HomeGoods, Jack in the Box, and Big O Tires. This high-traffic… location benefits from excellent visibility at the signalized intersection of Washington Street and 42nd Avenue, experiencing a combined daily traffic volume exceeding 60,100 vehicles. The property is zoned C-P-S: Scenic Highway Commercial and features a 100% occupancy rate with Walgreens, a tenant with a 25-year history at this location and a remaining lease term of 5 years. The asking price is $5,516,677, representing a price per square foot of $74.06 and a 6.50% cap rate. The property generates a Net Operating Income (NOI) of $5,516,000. The surrounding area demonstrates strong demographics, with an average household income of approximately $128,000 within a 3-mile radius, projected to increase to ~$147,600 by 2029. This location is centrally positioned in the Coachella Valley, between Palm Desert and Indio, amidst 52 golf courses and numerous high-end resorts and country clubs. The proximity to JFK Memorial Hospital further enhances the property's desirability. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving market. The property's strong tenant history, prime location, and robust demographics make it an attractive investment prospect. No rent bumps are included in the lease. The APN is 609-020-038.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2024
Value estimate
· Nov 2026Realmo valuation models over county records and 10 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 9 properties nearbyComparable nearby
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 13,552 SF
- Lot area
- 1.71 ac
- Year built
- 1999
- Stories
- 1
- APN
- 609-020-038
- Zoning
- R32M
- Assessed value · 2024
- $5,872,282
- Annual tax · 2024
- $72,045
- Retail Stores · current use
- Warehouse, Storage
- Medical Building
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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- 1,500 Targeted Leads a month
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- Lead Lists by Intent
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- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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