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California  + Inland Empire  + Net Lease  | 

Red Mountain Group Trades STNL Texas Roadhouse

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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