OFFERING MEMORANDUM SINGLE-TENANT 34295 Monterey Ave Rancho Mirage, CA a fully owned subsidiary of 34295 Monterey Ave | Rancho Mirage, CA 1 TRI-PALM ESTATES & COUNTRY CLUB ±93,000 VPD DINAH SHORE DRIVE - ±23,133 VPD MONTEREY AVENUE - ±40,800 VPD 34295 Monterey Ave | Rancho Mirage, CA Table of Contents 2 Executive Summary 5 Property Description Offering Summary Tenant Aerial Investment Summary Property Summary Investment Highlights Site Plan 9 Financial Overview 14 Area Overview Rent Roll Coachella Valley Lease Abstract Rancho Mirage Tenant Overview Exclusively Listed By El Warner Clint McMorris Jordan Gomez Charley Simpson Caitlin Zirpolo Executive Vice President Senior Vice President Associate Vice President Senior Vice President Associate Vice President Lic. 01890271 Lic. 00414186 Lic. 02008809 Lic. 01302079 Lic. 01987844 Mobile +1 858 752 3078 Mobile +1 310 614 8563 Mobile +1 951 264 5994 Mobile +1 949 275 8807 Mobile +1 760 685 6873 Direct +1 949 724 5690 Direct +1 310 321 1810 Direct +1 949 724 5610 Direct +1 949 724 5680 Direct +1 949 724 5640
[email protected] [email protected] [email protected] [email protected] [email protected] 34295 Monterey Ave | Rancho Mirage, CA 1 EXECUTIVE SUMMARY 34295 Monterey Ave | Rancho Mirage, CA 2 Offering Summary Colliers’ Retail Capital Markets Team is pleased to present the opportunity to acquire the Pacific Sales Kitchen & Bath (a Best Buy Company) portion of Monterey Market Place, a Home Depot and Regal Cinemas anchored community shopping center located in the Coachella Valley. The Rancho Mirage Pacific Sales Kitchen & Bath is an exceptional opportunity to secure a stable cash flow from an investment grade credit tenant with rental increases in the lease term that has been operating out of this location for almost 15 years.