30025 Date Palm Dr - Supermarket FOR SALE


Cathedral City, CA 92234
$4,570,000 USD
916-649-7515
30025 Date Palm Dr, Cathedral City, CA for Sale
$4,570,000 USD
Supermarket - FOR SALE
1/9
null | 6.35% Cap Rate

30025 Date Palm Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • 15-year lease to Grocery Outlet, a national grocer tenant.
  • A nationally recognized, recession-resilient grocer operating over ~540 locations across the U.S.
  • The brand has demonstrated resilience across economic cycles.
  • Strategic Coachella Valley location.
  • The property is secured by a long-term net lease, providing a passive investment profile.
  • The asset features strong visibility along a major arterial roadway.

OVERVIEW

100% Leased | 10 Year Net Lease | Grocery Outlet 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. Investment 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, adjacent to a Walgreens Pharmacy - Long-term net lease with ~10 years remaining (+20 years of extension options), ideal for 1031 exchange buyer

FOR SALE DETAILS

PRICE

$4,570,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

79

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 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.