Former Coco's Restaurant

Retail-Commercial for Lease
Lease Pending
Catylist Listing ID: 29968665
Property Subtypes: Free-Standing Building, Restaurant
Status: Pending
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: 10/14/2019

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.

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Expand All Available Space

Suite: All 5,762 SF $2.50 PSF (Monthly) NNN
Status: Pending
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

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
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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
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