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500 South Indian Canyon Drive
Palm Springs, CA 92264
Asking Price
$3.80M
Cap Rate
6%
Asset Type
Bank Retail
Class
Class B
What's Special
NNN US Bank with Drive-Thru plus 2 Parcels for Residential Development <p></p><ul><li><strong>Zero Landlord Responsibilities - </strong>NNN lease with tenant maintaining all aspects of the property including roof, structure, parking lot and maintenance</li></ul><p></p><ul><li><strong>Future Development Parcels -</strong> one large commercial parcel occupied by US Bank and two (2) residential parcels (6,098 SF) zoned R2.</li></ul><p></p><ul><li><strong>Strong Branch Deposits - </strong>per FDIC website, this US Bank has over $76 Million in deposits at this locati
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NOI
$80,000
Cap Rate
2.11%
DSCR
0.35
Underwater
Cash-on-Cash
-12.77%
Monthly Payment
$18,790.842
Annual Cash Flow
$-145,490.109
