34051 Date Palm Dr - Fast Food FOR SALE


Cathedral City, CA 92234
$2,865,000 USD
818-400-9292
34051 Date Palm Dr, Cathedral City, CA for Sale
$2,865,000 USD
Fast Food - FOR SALE
1/10
null | 5.2% Cap Rate

34051 Date Palm Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • Brand New Construction | Corporate Single Tenant Dutch Bros Coffee [NYSE: BROS] Double Drive-thru.
  • New 15 year absolute NNN Corporate lease with 4 five year options. No Landlord responsibilities. 10% increase in rent every 5 years.
  • Dutch Bros AUV exceeds over $2 million, beating out Starbucks at $1.8 million. Dutch Bros is the 3rd largest Coffee Chain. Over 11 Billion market cap
  • Dutch Bros is located at an out-parcel of Cathedral City Marketplace a 200k SF Neighborhood Center.
  • Cathedral City Marketplace is the most Visited Neighborhood Center in all of Coachella Valley. 2.5 million annual visits.
  • Dutch Bros Coffee is strategically located at a high-traffic, signalized intersection with over 50,000 Vehicles per day.

OVERVIEW

Brand New Construction | Corporate Single Tenant Dutch Bros Coffee with Double Drive-Thru New 15 year absolute NNN Corporate Ground Lease. 4 Five Year options with 10% increases during initial and options period. 10% Every Five years. Absolute Triple Net | NNN | No Landlord Responsibilities. Extreme High Barriers to Entry – Rare Double Drive Thru Opportunity DUTCH BROS | Publicly Traded Company (NYSE: BROS) | BROS: has over a 11 Billion Market Cap Corporate Location. Average unit volume (AUV) of over $2 million per store, exceeding Starbucks at $1.8 million. Over 1,043+ Locations Open Across 19 States as of June 2025. 160+ New Locations to open in 2025. (Estimated) Strategically Located at Date Palm Dr and Dinah Shore Dr. Approximately 50,000 Vehicles Per Day at Intersection. Neighborhood Shopping Center. Anchored by Food4Less, DD's Discount, Fun City & Planet Fitness along with many national and regional tenants. Dutch Bros Coffee is one of the fastest-growing and most dynamic coffee chains in the market, combining rapid expansion with a fiercely loyal customer base. Earnest Analytics ranked them No. 2 among all QSR brands in 2024, and according to Fool.com, they claimed the #3 spot for most popular restaurant chain in a recent Nation’s Restaurant News survey. QSR Magazine even named Dutch Bros the top-performing coffee chain based on average unit volume—just over $2 million per store, beating out Starbucks’ $1.8 million. Founded in 1992 as a humble pushcart in Oregon, Dutch Bros has grown to more than 1,043+ locations, with plans to double that by 2029. Known for signature drinks like the Golden Eagle® and Annihilator®, an ever-changing lineup of seasonal and “secret menu” creations, and a drive-through model that delivers speed, convenience, and energy, Dutch Bros has built a brand that’s as much about the experience as it is about the coffee. With double-digit annual revenue growth, industry-leading unit performance, and unmatched customization options, Dutch Bros is positioning itself as a dominant force in the specialty beverage market. Dutch Bros Coffee is strategically located in the Cathedral City Marketplace. Cathedral City Marketplace is the most visited neighborhood centers in the Coachella Valley, ranking in the 88th percentile of all neighborhood center nationwide, according to Placer.Ai. The center sees 2.5 million annual visits and has experienced three consecutive years of traffic growth. Recently, over $546,000 was invested into property upgrades, including parking lot repaving and exterior painting. New developments, such as a Sun Community Credit Union (under construction) and a 10-year lease with Fun City (former cinema), a fast-growing national adventure park brand, are fueling the center’s continued success. Strategically located at the high-traffic, signalized intersection of Dinah Shore Drive and Date Palm Drive, the center benefits from over 50,000 combined vehicles passing daily. Currently, 94% of the property is leased, with a weighted average lease term (WALT) of over 10 years. The center is anchored by Food 4 Less, which has been a tenant since the 90's and recently extended its lease long term. Food 4 Less exceeds over $40 million in annual sales and attracts more than 900,000+ visits annually, reflecting a 20% increase in foot traffic over the last three years. Another key tenant, Planet Fitness, ranks in the 88th percentile nationwide, with approximately 298,000+ annual visits. The center is located 10 minutes from Disney's new 618 Acre Cotino Mixed-Use Development featuring over 1,900+ homes, a hotel, lagoon and a shopping district.

FOR SALE DETAILS

PRICE

$2,865,000 USD

PRICE/SF

$3,016 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros. Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 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.