34051 Date Palm Dr - Fast Food FOR SALE


Cathedral City, CA 92234
$2,980,000 USD
818-400-9292
34051 Date Palm Dr, Cathedral City, CA for Sale
$2,980,000 USD
Fast Food - FOR SALE
1/10
null | 5% Cap Rate

34051 Date Palm Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • Dutch Bros Corporate Ground Lease. Brand new 15 year Lease with four 5 year options. NNN - No Landlord responsibilities.
  • Dominant Grocery Anchored Shopping Center Out-parcel. Free Standing Double Drive-thru located at a signalized intersection with 55,000 VPD.
  • Publicly Traded Tenant: NYSE: BROS 950+ Locations in over 18 States.
  • Lease is in full force and effect and is not subject to termination.
  • Metro Area Population of over 500k.
  • Lease rent commencement date is June 1st, 2025. Seller will credit Buyer for tenant rent 'from' close of escrow till rent commencement date.

OVERVIEW

Sync Commercial is pleased to present a rare opportunity to purchase a brand-new construction absolute NNN Dutch Bros Coffee ground lease with a 15-year primary term located in the trade areas of Cathedral City, CA. This is a rare opportunity to own a 950 SF building with a double drive-thru in Riverside County which limits new drive thru developments. The rapidly growing and publicly traded drive-thru coffee chain currently operates over 850 locations across 16 states with over 150+ locations opening in 2024. With a corporate guarantee, Four 5 year options and 10% rent increases every 5 years and no landlord responsibilities, this asset is ideal for an investor seeking long term passive cash flows. **Building is under construction. Lease is in full force and effect and is not subject to termination by the Tenant. Seller will credit Buyer for tenants rent from close of escrow till rent commencement date of June 1st, 2025. The property is located on a outparcel for The Cathedral City Marketplace close to a signalized intersection. The center is grocery anchored by Food4Less along with DD’s Discount, Planet Fitness, Jack in the Box, Mobil, IHOP, Pizza Hut and many national and regional retailers. The Food4Less has been operating at this location for over 26 years and is one of the highest grossing grocers in the region. Cathedral City is located in the Coachella Valley. The current metro area population of Indio-Cathedral City-Palm Springs in 2024 was 504,000, a 1.61% increase from 2023. The metro area population of Indio-Cathedral City-Palm Springs in 2023 was 496,000, a 1.85% increase from 2022.

FOR SALE DETAILS

PRICE

$2,980,000 USD

PRICE/SF

$3,137 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros. Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,699 SF

ZONING

PCC

APN/PARCEL ID

687-440-011

ASK ABOUT THIS PROPERTY

Kunal SethiSync Brokerage, IncMore Info
818-400-9292

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Kunal SethiSync Brokerage, IncMore Info
818-400-9292

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