rent to own home - Palm Desert, CA - a commercial property

100% NNN Leased Investment. 73804 Dinah Shore Drive is a Service Industrial building. It offers an excellent central Coachella Valley locaton in Palm Desert with easy Interstate ten Freeway access via Monterey Avenue to all points in the East and West Valley. Located in Palm Desert Business Park, the property has Freeway Frontage and Signage on I-10. It is adjacent to the Desert Gateway Retail Center with the Walmart Superstore, Sam's Club, and Kohls, and the Monterey Shore Retail Center with Costco, Home Depot.Built in 2007, the building is in exceptional condition. The tenant is a successful general/electrical contractor with a long track record in the Coachella Valley, including all electrical work at Toscana Country Club in Indian Wells. He is the original owner, and purchased the building to operate his business. He would like to continue his operation here and will sign a 5yr-lease with the new owner, at current market rent with annual rental increases. The new lease will provide monthly NNN rent to the Buyer/Landlord, with the Seller/Tenant paying all other expenses, including property taxes, insurance, maintenance, repair and utilities.This Palm Desert, CA rent to own hom...

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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Property Info
Property ID225597503
Living Area (sqft)6,608
Property TypeCommercial

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