31833 Date Palm Dr - Storefront FOR SALE


Cathedral City, CA 92234
$4,700,000 USD
818-281-7893
31833 Date Palm Dr, Cathedral City, CA for Sale
$4,700,000 USD
Storefront - FOR SALE
1/10
null | 6.7% Cap Rate

31833 Date Palm Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • Over 115,784 residents within a 5 mile radius of the property
  • 57,797 vehicles per day at the intersection

OVERVIEW

Attractive long term assumable below market rate financing at 4.52% fixed for 14 years NEW HARBOR FREIGHT RENEWAL Two (2) tenant investment opportunity featuring strong national and regional tenant: Harbor Freight (Corp.) & Furniture Depot/Jerry’s (Strong Personal Guaranty) Below Replacement Cost at $118 PSF. Value-Add with below market rents long term Ideally located in Cathedral City (Palm Springs MSA), within the dominant grocery anchored shopping center in the trade area Harbor Freight has been successfully operating at this location for nearly 10 years, with strong Placer AI data. Furniture Depot/ Jerry’s is incredibly busy as well, even during Summer months. Harbor Freight is the #1 fastest growing retailer in the U.S. with over 1,400+ locations, Moody’s Credit Rating of Ba3, and ranks in the top 100 U.S. retailers in sales Furniture Depot/Jerry’s is an established tenant within the Coachella Valley and has multiple locations Main and main intersection location along Date Palm Dr. and Ramon Rd. with 57,797 vehicles per day at the intersection Located within the busy Cardena’s (grocery) anchored shopping center - creating tenant synergy and a strong cross over shopping experience for customers Strong demographics - There are over 115,784 residents within a 5 mile radius of the property, with an average household income of nearly $90k

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

So Cal Harbor Freight 6.7% Cap w 4.52% Debt

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,641 SF

ZONING

PCC

APN/PARCEL ID

678-330-019

ASK ABOUT THIS PROPERTY

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.