78010 Country Clb Dr Palm Desert, CA 92211-7217

This exceptional 6,948 square foot retail center in Palm Desert, CA, presents a compelling investment opportunity. Located at the highly trafficked intersection of Washington Street and Country Club Drive (over 71,000 vehicles daily), this single-story, 2007-built property boasts a 100% occupancy rate with two strong tenants: Carmen's Mexican Grill and March & Ash. March & Ash, a highly-rated dispensary with over 1,828 Google reviews, holds a rare cannabis license, while Carmen's possesses a full liquor license—a unique combination offering significant investor security. The property sits on a 0.66-acre lot, conveniently located at the I-10 freeway off-ramp, maximizing visibility and accessibility. The current in-place cap rate is 7.5%, projected to increase to 9.45% by October 2027 due to scheduled rent increases. The strong demographics of the area, with nearly 150,000 residents and an average household income exceeding $104,000 within a 5-mile radius, further enhance the investment potential. This stabilized NNN investment offers a compelling combination of high occupancy, strong tenants, and significant growth potential, making it an ideal addition to any portfolio. The property's APN is 748-380-018. The asking price is $3,400,000, with a current NOI of $254,708.