34500 Date Palm Drive - Service Station FOR SALE


Cathedral City, CA 92234
$2,350,000 USD
310-796-6229
34500 Date Palm Drive, Cathedral City, CA for Sale
$2,350,000 USD
Service Station - FOR SALE
1/9
null | 6.17% Cap Rate

34500 Date Palm Drive
Cathedral City, CA 92234


HIGHLIGHTS

  • Brand new construction- Grand Opening March 4, 2025
  • 15 year absolute NNN ground lease.
  • Strong corporate guarantee - Parent Company Kroger is a Fortune 500 Company
  • Adjacent Cathedral City marketplace (dominant Food 4 Less anchored regional center)
  • EV ready mobility station with electric vehicle charging station infrastructure.
  • 26 year operating historyFood4Less grocery store opened in 1998.

OVERVIEW

Grand Opening was March 4, 2025. Brand new 15 year term which is set to commence on March 1, 2025 The lease is an Absolute NNN ground lease structure which requires ZERO landlord responsibilities. High Density - Population of over 107,892 within a 5 mile radius of the site. Five Fuel Pumps including Gasoline and Diesel. The site is also "EV Ready" for easy future addition of Electric Vehicle Charging Stations creating a full Mobility Center. Excellent Visibility with ±265 feet of linear frontage via Victoria Dr, & ±130 feet of linear frontage via Date Palm Dr & Eagle Canyon Dr.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$8,835 USD /SF

CAP RATE

6.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Food4Less Fuel Station - March 2025

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

673-172-001

ASK ABOUT THIS PROPERTY

Simon MattoxKidder MathewsMore Info
310-796-6229

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

Simon MattoxKidder MathewsMore Info
310-796-6229

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