La Quinta Center | Walmart+Costco Shadow Anchors — Sale in La Quinta, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: La Quinta, CA 92253
  • Year built: 2005

Photos

La Quinta Center | Walmart+Costco Shadow Anchors — Sale in La Quinta, CA, photo 1 of 3
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La Quinta Center | Walmart+Costco Shadow Anchors — Sale in La Quinta, CA, photo 3 of 3

Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in La Quinta Centre, a 100% occupied 10,803 SF multi-tenant retail outparcel to the 495,542 SF La Quinta Power Center featuring major national retailers including Walmart Supercenter, Costco Wholesale, Floor & Decor, Marshalls, PetSmart, and other established retailers. The Property offers exceptional frontage along the signalized intersection of Highway 111 and Dune Palms Road, benefiting from exposure to over 22,000 vehicles per day within La Quinta's dominant retail corridor. The Property is leased to a diversified tenant roster of regional and national service-oriented retailers including Tesla Supercharger, Bright Now! Dental, Palm's Café, Healthy Self Weight Loss, Big Juice Bar, and Wondercuts. The center provides investors with stable cash flow supported by a 6.7-year weighted average lease term, with contractual escalations projected to grow NOI to approximately $583,324 by Year 10, increasing the in-place yield from 6.21% to 8.97%. Investment Highlights: • 100% Occupied • Below Replacement Cost • Below Market Ret

Market Context

This retail in La Quinta, CA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2005. Compare it against other retail listings for sale in La Quinta, CA — view the full market.

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