Pharma Property Group Retains Exclusive Listing for Walgreens in Palm Desert (Indio), California
Pharma Property Group has retained the exclusive right to market the Walgreens for sale located at 44100 Jefferson Street in Indio, California. The drugstore was built in 2006 under a 75 year lease with 25 years of initial term.
“This is a rare Southern California Walgreens drugstore for sale opportunity with 15 years of primary term remaining before the options. What makes this corner location stand out is its strategic importance as there is a CVS directly across the street. The corner of Jefferson Street and Waring Drive serves roughly 4,000 homes and with CVS and Walgreens on adjacent corners, this intersection holds positional value for both drugstore chains,” stated Jason Stuart Pongsrikul, Managing Principal of Pharma Property Group.
Indio is located in the Palm Desert area of Riverside County, whose population was the fourth most populous county in California and the 11th most populous in the United States, with approximately 2,189,641 residents. Riverside County is included in the Riverside-San Bernardino-Ontario, California Metropolitan Statistical Area, commonly called the Inland Empire.
Pharma Property Group is a specialized national commercial real estate brokerage firm providing investment services for drugstore landlords who own Walgreens, CVS and Rite Aid properties throughout the nation.
Pharma Property Group
5328 Banks Street Suite B
San Diego, CA 92110
Office: (619) 297-0055