42010 Washington St Bermuda Dunes, CA 92203-9610

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.