Property profile

78365 Varner Rd Palm Desert, CA 92211

OFF-MARKET
Turn key restaurants
Property ID
US09-0260113
3,829 SF 0.82 ac lot Built 2015
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant, absolute NNN McDonald's property in Palm Desert, CA, presents a compelling investment opportunity. Boasting 3,829 square feet on a 0.82-acre lot, this 2015-built restaurant features a double drive-through and benefits from a prime location along the I-10 freeway with daily traffic counts exceeding 91,000 vehicles. The property enjoys 100% occupancy under a corporate-guaranteed lease with nine years remaining and four five-year renewal options, including a 10% rent increase every five years. The current annual net operating income (NOI) is $86,900, yielding a 3.55% cap rate at the asking price of $2,444,000. The property's strategic location near Sun City Palm Desert (9,000+ residents), the Acrisure Arena, and other major retailers ensures strong performance and future growth potential within a thriving commercial environment. The 14 parking spaces cater to customer needs. The property's location near the I-10 freeway provides exceptional visibility and accessibility. The property is situated in a high-growth area with over 125,000 residents within a five-mile radius. This investment offers a stable, high-performing asset with significant long-term upside. The property's parcel number is 748-380-003.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2015
Construction WOOD
Total area 3,829 SF
Lot 0.82 ac (35,719 SF)
APN 748-380-003
UPID US09-0260113

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

78365 Varner Rd Palm Desert, CA 92211-1141
Palm Desert metro Census 51402 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.13M

Owner & transaction history

since 2025
Last sale
$2.4M
7 recorded transactions
2025
$2.4M
2012
Price N/A
2011
$536,000
2004
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $3.3M +38.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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