30025 Date Palm Dr - Storefront FOR SALE


Cathedral City, CA 92234
$4,640,000 USD
916-649-7515
30025 Date Palm Dr, Cathedral City, CA for Sale
$4,640,000 USD
Storefront - FOR SALE
1/6
null | 6.25% Cap Rate

30025 Date Palm Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • 15-year lease to Grocery Outlet (~10 years remaining), a national grocer tenant, with a proven discount grocery concept
  • Strategic Coachella Valley location & durable workforce demographics
  • Long-term net lease with ~10 years remaining (+20 years of extension options), ideal for 1031 exchange buyer

OVERVIEW

This offering presents an opportunity to acquire a passive, necessity-based retail asset backed by a proven grocery operator (Grocery Outlet). The combination of stable workforce demographics, regional demand drivers, and a long-term net lease structure provides durable income and downside protection within the growing Palm Desert market. - 15-year lease to Grocery Outlet (~10 years remaining), a national grocer tenant, with a proven discount grocery concept - Strategic Coachella Valley location & durable workforce demographics - Long-term net lease with ~10 years remaining (+20 years of extension options), ideal for 1031 exchange buyer

FOR SALE DETAILS

PRICE

$4,640,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

79

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

PCC

APN/PARCEL ID

678-160-021

ASK ABOUT THIS PROPERTY

Matt PelpelRay Stone IncorporatedMore Info
916-649-7515

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Matt PelpelRay Stone IncorporatedMore Info
916-649-7515

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