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JLL Leases Retail Space To Babe's Smokehouse At Canopy At Citrus In Indio

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LEASED

California

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Retail3,125 SF
Leased 03/11/2024
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Property Image
LEASED

JLL Leases Retail Space To Babe's Smokehouse At Canopy At Citrus In Indio

49730 Jefferson Street

See Similar Deals
Retail3,125 SF
Leased 03/11/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:3,125 SF
Transaction Type:Lease

The retail property located at 49730 Jefferson Street in Indio, California, consists of a 3,125-square-foot space, including a 2,275-square-foot indoors area and an 850-square-foot patio, leased by Canopy, L.P. to Donald Warren Callender for his restaurant, Babe’s Smokehouse & Tavern.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 49730 Jefferson Street
  • Market: Indio
  • Asset Type: Retail
  • Square Footage: 3,125

Brian Quinn of JLL represented the landlord, Canopy, L.P., in this lease agreement, bringing Canopy at Citrus to full occupancy with the addition of Babe’s Smokehouse and Tavern. The lease reflects the strong demand in the retail industry in Indio, California, with low vacancy rates and rising rents, as indicated in JLL's United States Retail Outlook.

Players

Brian Quinn
JLL
Brian Quinn
5 deals$25.5M volume(858) 352-2902
BROKER

Details

LEASED
IMAGE: Brian Quinn DATE: 03/11/2024 ADDRESS: 49730 Jefferson Street MARKET: Indio ASSET TYPE: Retail ~ SF: 3,125 LANDLORD: Canopy, L.P. TENANT: Donald Warren Callender - Babe’s Smokehouse (@BabesBBQBrewery) & Tavern LANDLORD'S REP: Brian Quinn - JLL (@JLL) NOTE: JLL announced Babe’s Smokehouse and Tavern's lease for a 2,275-square-foot space with an 850-square-foot patio at Canopy at Citrus in Indio, California, bringing the center to full occupancy. This reflects the strong demand in the retail industry with low vacancy rates and rising rents, according to JLL's United States Retail Outlook.

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Deal Type
Effective Rent (Annual)

$179,123.11

Total Lease Value

$1,791,231.14

Net Landlord Cash Flow$179,123.11