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 center 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 exposure to the I-10 Freeway,the property is strategically located in Indio which has been identified as the fastest growing city within Coachella Valley according to Red Mountain Group’s research.
Bill Bauman from Newmark exclusively represented Red Mountain Group during this successful sale transaction.
