Brand-new construction - Corporate - Absolute NNN Dutch Bros Coffee (leasehold) ground lease with a 15-year primary term and four 5 year options. Property is 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. Dutch Bros is a rapidly growing and publicly traded (NYSE: BROS) drive-thru coffee chain currently operating over 1,000 locations across 18 states with over 160+ locations opening in 2025. With a corporate guaranteed lease, 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 flow with a very strong Tenant.
**Building is under construction. Rent commencement date is June 1st, 2025. 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.
The property is located on a outparcel for The Cathedral City Marketplace near a signalized intersection with over 50k VPD and the parcel is located on a soft corner with over 92 feet of frontage on Date Palm Blvd. 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.