78365 Varner Rd Palm Desert, CA 92211-1141
Property profile & analytics
78365 Varner Rd, Palm Desert, CA 92211-1141
- Turn key restaurants
- 3,829 SF
- 0.82 lot acres
Property ID
US09-0260113
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- McDonald's / Restaurant / Take-out & Catering
Property Details for 78365 Varner Rd
- Year built
- 2015
- Construction
- WOOD
- Lot size
- 0.82 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,125,000
- ML approach
- $2,165,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,375,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,295,000 Change: +39% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$33,943
$1,287,768
$1,481,169
$2,768,937
-
$0.00
$0.00
$0.00
