Remarks

PRICED TO SELL!! The property features an approximately ±2,960 square foot drive-thru building on an approximately ±29,185 SF legal parcel, leased to the largest Southern California KFC/Taco Bell Franchisee (70 units). Strategically located at the corner signalized intersection of 29 Palms Highway and Sage Ave, the property benefits from excellent traffic exposure of a combined approximately ±39,660 vehicles per day. Great visibility and convenient access at this prized location shows additional value for this low-price drive-thru investment.
The subject property was built in 1985 and Tenant recently completed a full scale remodel (at Tenant’s cost) of the property in 2020, modernizing the building to the latest American Showroom design. The current lease term expires as of August 31, 2024 and Tenant has four (4) five (5) year options to extend. KFC’s historical ±35 years historical occupancy at the property as well as the substantial recent remodel demonstrates an excellent track record and Tenant’s continued commitment.
Located on the busy 29 Palms Highway (U.S. State Route 62), this site is positioned along the primary arterial connecting I-10 to all the cities and towns in the Morongo Basin. The site further benefits from both its immediate proximity to Joshua Tree National Park 10-minutes away, and the Marine Corps Air Ground Combat Center (MCAGCC), also known as 29 Palms, which is the largest United States Marine Corps base on 998 square miles. Joshua Tree reported ±2,998,989 visitors in 2019 and MCAGCC has an average troop base population of 29,000, further supplementing the restaurant customer base.

Details

MLS#: OC24007781
Price: $1,799,000

Sq Ft: 2960.00
Year Built: 1985

County: San Bernardino