Red Mountain Group Inc., a retail redevelopment firm based in Orange County, recently closed the sale of a single-tenant net leased Texas Roadhouse located in Indio. The 16,560-square-foot property was sold for $3 million to LHF Properties, LLC and H and G Joint Venture.
The restaurant pad is part of Indio Towne Center, a 560,000-square-foot power center that was acquired by Red Mountain Group in 2018. This prime location boasts notable tenants such as WinCo Foods, Home Depot, Marshalls,Ulta,Burlington,and CVS.
Situated on the southeast corner of Jackson Street and 42nd Avenue with visibility from the I-10 Freeway,the property is strategically positioned in Indio -the fastest growing city in the Coachella Valley according to Red Mountain Group’s research.
Bill Bauman from Newmark exclusively represented Red Mountain Group during this successful transaction.
