Monterey Marketplace Retail Space

Retail-Commercial for Lease
Catylist Listing ID: 29999632
Property Subtypes: Restaurant, Retail-Pad
Contiguous Space: 1,500 SF
Building Size (RSF): 1,500 SF
Gross Building Area: 7,350 SF
Gross Land Area: 1.14 Acres
Lease Rate: $1.50 - 1.75 PSF (Monthly)
$18 - 21 PSF (Annual)
Base Monthly Rent: $2,250 - 2,625
Lease Types: NNN
Ceiling: 11 ft.
Building Name: Monterey Marketplace
Last Updated: 4/16/2021

Overview / Comments

Three tenant prime pad building on Dinah Shore Drive at a signalized driveway on the Monterey Marketplace shopping center. Building co-tenants include Monterey palms Liquor and Naan House restaurant. Prime visibility and parking. Close to The Home Depot, Clark's Nutrition, Rancho 16 Cinemas, Costco, Walmart, Sam's Club, Kohl's, Pacific Sales and much more.

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Suite: 102 1,500 SF $1.50 - 1.75 PSF (Monthly) NNN
Level/Floor: 1
Space Available: 1,500 SF
Lease Rate: $1.50 - 1.75 PSF (Monthly)
$18 - 21 PSF (Annual)
$2,250 - 2,625 (Monthly)
Lease Type: NNN
Space Description: 1500 SF space in highly visible pad building located at the signalized Dinah Shore Drive entrance to the Monterey Marketplace shopping center. Center is anchored by the Home Depot, Rancho 16 Cinemas, Pacific Sales, and Clark's Nutrition. Ideal for either retail or a small restaurant.
Space Subcategory: Power Center, Community Center
Date Available: 1/1/2021
Lease Term: 60 Months
Space Type: Relet
Parking Spaces 40
CAM Expenses $0.50 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% per year
Rent Concession Negotiable

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 685-070-006-8
Zoning: COMMERCIAL
Retail Clientele: Business
Property Located Between: Monterey Ave. and Bob Hope Drive
Property Visibility: Excellent
Largest Nearby Street: Monterey Avenue
Feet of Frontage: 250
Highway Access: 1-10 is less than 1/4 mile north of the building.
Airports: Palm Springs International, Jacqueline Cochran, Bermuda Dunes
Site Description: Prime multi-tenant pad building located at the signalized Dinah Shore Drive entrance to the Monterey Marketplace shopping center.
Area Description: Power retail area in north Palm Desert at I-10 & Monterey Avenue
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2004
Roof Type: Flat
Construction/Siding: Stucco, Wood Frame
Exterior Description: Glass and stucco
Total Parking Spaces: 50
Parking Ratio: 6.5 (per 1000 SF)
Parking Type: Surface
Parking Description: ratio 6.5/1000
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Open floor with restroom and small storage space.
Zoning Description: C11
Lot Frontage: 250
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Reciprocal access easement with the adjoining shopping center.
Legal Description: Parcel 5 of Parcel Map 30251, as shown by Map on file in Book 201, Pages 28 and 29, inclusive, of Parcel Maps, in the office of the County Recorder of Riverside County, California.
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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,619 26,707 101,074
Median Age: 61.32 56.97 46.06
Households: 2,227 12,752 41,851
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