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Palms to Pines 72608-72624 El Paseo 8,800 SF of Retail Space Available in Palm Desert, CA 92260
HIGHLIGHTS
- Property is easily accessible from multiple access points on Highway 111 and El Paseo
- Surrounded by major retailers
- Fully remodeled, operational restaurant with one central bar
- High Traffic Corridor
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 8,800 SF | 3-10 Years | $35.40 /SF/YR $2.95 /SF/MO $381.04 /m²/YR $31.75 /m²/MO $25,960 /MO $311,520 /YR | Triple Net (NNN) |
72620 El Paseo - 1st Floor
Now Available for Sale or Lease! Wilson Meade Commercial is pleased to present this 8,800 sf freestanding restaurant which has been newly renovated. With a fully equipped kitchen, a new owner or tenant may take over this turn-key restaurant and become a part of the thriving culinary scene off El Paseo, the “Rodeo Drive of the Desert”. The restaurant features a central bar with seating for 25, dining room for 100+, private outdoor patio, and an enclosed yard with kitchen access. This property is in the high traffic corridor of El Paseo and Highway 111, surrounded by major retailers and an impressive daily traffic count of 27,500+ cars. Call Heath Wilson for additional information or to schedule a private tour.
- Lease rate does not include utilities, property expenses or building services
- El Paseo Address
- High Traffic Count
- Turnkey - Fully Equipped Kitchen
- Ample Parking
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT PALMS TO PINES
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- PNC Bank
- Bank
- 3,692
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| PNC Bank | Bank | 3,692 | International |
PROPERTY FACTS
| Total Space Available | 8,800 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 71,977 SF |
| Parking | 320 Spaces | Total Land Area | 7.11 AC |
| Center Properties | 5 | Year Built | 1976 |
| Total Space Available | 8,800 SF |
| Center Type | Neighborhood Center |
| Parking | 320 Spaces |
| Center Properties | 5 |
| Frontage | |
| Gross Leasable Area | 71,977 SF |
| Total Land Area | 7.11 AC |
| Year Built | 1976 |
ABOUT THE PROPERTY
El Paseo, renowned as the “Rodeo Drive of the Desert”.El Paseo remains a haven for luxury shopping with brands like Gucci, Louis Vuitton, Tiffany and Co., and Saks Fifth Avenue, catering to an affluent community with an average household income exceeding $110,000 within a five-mile radius of the subject property, rated amongst the highest in the nation. The property presents an ideal chance to become part of a thriving culinary scene in the Coachella Valley, alongside a diverse array of established fine dining establishments and quick-service retailers.
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
Presented by
Palms to Pines | 72608-72624 El Paseo
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