Red Mountain Group Inc., an Orange County-based retail redevelopment firm, closed the recent sale of a single-tenant net leased Texas Roadhouse located in Indio. The 16,560-square-foot property traded for $3 million to LHF Properties, LLC and H and G Joint Venture.
The restaurant pad, part of Indio Towne Center, a 560,000-square-foot power center, was acquired by Red Mountain Group in 2018. Anchored by WinCo Foods, other notable tenants include Home Depot, Marshalls, Ulta, Burlington, and CVS.
The property is on the southeast corner of Jackson Street and 42nd Avenue with exposure to the I-10 Freeway. Indio is the fastest growing city in the Coachella Valley, according to Red Mountain Group.
Red Mountain Group was represented exclusively by Bill Bauman of Newmark in this sale
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