78365 Varner Rd Palm Desert, CA 92211-1141
- Turn key restaurants
- 3,829 SF
- 0.82 lot acres
Current Use by Public Records
- McDonald's / Hamburger Restaurant / Restaurant
Property Details for 78365 Varner Rd
- Year built
- 2015
- Construction
- WOOD
- Lot size
- 0.82 lot acres
- Property size
- 3,829 SF
- Property type
- Turn key restaurants
- APN
- 748-380-003
- APU
- 748380003
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,280,000
- 6.5%
- $2,420,000
- 7%
- $2,335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,340,000
- Geo Method
- $2,345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,370,000
- Retail
- $2,110,000
- Mixed-Use
- $2,740,000
- Hospitality
- $2,630,000
- Educational
- $2,585,000
- Residential Income
- $2,460,000
- Energy
- $2,465,000
- Income-Based Land
- $2,360,000
- Food Service
- $2,790,000
Location Insight
- Map
- Local Demand
- City
- Palm Desert
- County
- Riverside
- State
- California
- Longitude
- -116.298
- Latitude
- 33.7602
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
