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TCII & is pleased to announce the acquisition of the former Rite Aid located at 72875 CA-111 in Palm Desert, CA in partnership with Ladue Interests
Prime Location. Rapid Execution. Strategic Repositioning.
Situated directly on Highway 111, this 17,000 SF freestanding building sits adjacent to Staples and boasts exceptional visibility, high traffic counts, and seamless access — a rare combination in the Coachella Valley market.
When Rite Aid vacated the site, TCII saw a timely opportunity to reposition the property with a stronger, more relevant user. We moved swiftly.
O’Reilly Auto Parts Hub Deal Secured During Due Diligence
Before closing on the acquisition, our leasing team locked in a long-term lease with O’Reilly Auto Parts for a new hub location — a strategic expansion for the retailer in the Southern California market.
The new O’Reilly is expected to open in Q4 2025, following interior buildout and site improvements led by TCII.
Backfill in Under 6 Months
This acquisition is a textbook example of TCII’s operating strategy:
- Acquire vacant boxes in strong retail corridors
- Leverage tenant relationships to pre-lease before closing
- Execute fast and with conviction
