Former Coco's Restaurant

Retail-Commercial for Lease
Catylist Listing ID: 29968665
Property Subtypes: Free-Standing Building, Restaurant
Contiguous Space: 5,762 SF
Building Size (RSF): 5,762 SF
Gross Land Area: 1.64 Acres
Lease Rate: $2.50 PSF (Monthly)
$30 PSF (Annual)
Base Monthly Rent: $14,405
Lease Types: NNN
Ceiling: 10 ft.
Building Name: Former Coco's Restaurant
Usable Size (USF): 5,762 SF
Last Updated: 10/12/2017

Overview / Comments

Free standing former Coco's Restaurant located at the intersection of East Palm Canyon Drive and Smoke Tree Lane in south Palm Springs. High visibility and excellent parking at a signalized intersection. The building is part of the Smoke Tree Commons shopping center and is adjacent to the Smoke Tree Village shopping center. The former tenant left much FF&E in the building. Excellent opportunity for a national franchise or strong local restaurant operator.

Expand All Available Space

Suite: All 5,762 SF $2.50 PSF (Monthly) NNN
Space Available: 5,762 SF
Lease Rate: $2.50 PSF (Monthly)
$30 PSF (Annual)
$14,405 (Monthly)
Lease Type: NNN
Space Description: Former Coco's restaurant. Has most kitchen equipment, walk-ins, seating booths, tables, pastry cases.
Space Subcategory: Community Center, Grocery-Anchored
Date Available: 5/5/2016
Lease Term: 60 Months
Space Type: Relet
Offices 1
Parking Spaces 77
Tax Expenses $19,000 PSF (Annual)
Operating Expenses $17,977 PSF (Annual)
CAM Expenses $37,338 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% annual increases
Rent Concession Negotiable
Tenant Improvements Allowance $0
Moving Allowance $0
Lease Buyout Allowance $0

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 510-020-096
Zoning: C-D-N
Retail Clientele: Family, Business, Tourist
Property Located Between: Smoke Tree Lane and Baristo Lane
Property Visibility: Excellent
Largest Nearby Street: E. Palm Canyon Drive
Feet of Frontage: 200
Traffic/Vehicle Count: 33,374
Highway Access: East Palm Canyon Drive becomes Highway 111 just east of the subject location.
Airports: Palm Springs International
Site Description: SE Corner of East Palm Canyon Drive and Smoke Tree Lane. Excellent visibility, access, parking. Monument signage. Nicely landscaped property.
Area Description: Focal point of retail, restaurant, banking, grocery shopping in south Palm Springs. Area includes residential, limited service hotels. E. Palm Canyon Drive connects Palm Spings to
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,762 SF
Property Condition: Good
Year Built: 1984
Year Renovated: 2000
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Exterior Description: Glass, wood, brick trim.
Total Parking Spaces: 77
Parking Ratio: 13.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt parking lot located to the east and south sides of the building.
Sprinklers: Wet
Heat Type: Electricity
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: See pictures
Zoning Description: Neighborhood Commercial
Part of Planned Development?: Yes
Lot Frontage: 200
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Access to Smoke Tree Commons shopping center, utilities.
Legal Description: POR Lot 6 MB 014/652 SD Palm Valley Colony

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,909 40,830 93,537
Median Age: 58.06 48.04 43.87
Households: 5,320 19,488 39,319

Sponsoring Organization

© Copyright Desert Area Commercial Information Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Desert Area Commercial Information Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.