78945 Highway 111, La Quinta, CA 92253

Commercial property for lease

• Description
• Stein Mart is a 36,000 square foot freestanding building located in La Quinta, CA. It is part of Washington Park, a 600,000 square foot Power/Lifestyle Center. Other major tenants in the center include Target, Lowe's, Cost Plus, Trader Joe's, Century Theaters, and several other retail tenants. The property is directly across Highway 111 from the One Eleven La Quinta Center, a 180,000 square foot power center anchored by Kohl's, Hobby Lobby, Ross, Petco and Stater Bros Market. There are several major retailers in close proximity that include Costco, Walmart, The Home Depot, Smart and Final, Aldi Market, In-N-Out Burger, Chase Bank, Best Buy, Wells Fargo, DSW, TJ Maxx, Ulta Beauty and several others.Stein Mart originally signed a 15 year lease that commenced in 2004 that included a rental increase in the ninth year of the lease and further increases in each of the three (3) five (5) year Option Periods. They have already exercised their first five (5) year option.Stein is a publicly traded company with over 5000 employees located in 278 stores in 30 states. Their Annual Corporate Sales were $1.263 Billion. Their stock trades on NASDAQ under the ticker symbol SMRT. The lease is a Corporate Guaranteed Lease with approximately 8.5 years remaining plus two 5 year options. Building price details: $8,300,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	225
  Parking Type:	Surface

• Contact info
• Thomas R Beaty
• Note

• Details Info about this row that located on 78945 Highway 111, La Quinta, CA 92253 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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