34051 Date Palm Dr - Fast Food FOR SALE


Cathedral City, CA 92234
$2,894,000 USD
415-413-3005
34051 Date Palm Dr, Cathedral City, CA for Sale
$2,894,000 USD
Fast Food - FOR SALE
1/9
null | 5.15% Cap Rate

34051 Date Palm Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • New 15-year absolute NNN ground lease to Dutch Bros, the second-largest drive-thru coffee chain in the U.S
  • 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
  • Dutch Bros opened its 1,000th shop in February 2025 and plans to open 1,000 more by 2029.
  • Total revenue for Q1 2025 increased by 29% year-over-year, per Yahoo Finance, with expectations of annual revenue growth of approximately 20%

OVERVIEW

High-visibility and easily accessible location near the signalized four-way intersection of Date Palm Drive and Dinah Shore Drive, allowing for prime site visibility (combined 55,428 AADT) Dutch Bros opened its 1,000th shop in February 2025 and plans to open 1,000 more by 2029 The five-mile radius serves a populous region of 107,729, with an average annual household income of $122,578 The property serves as an outparcel to The Cathedral City Marketplace and is surrounded by major national retailers creating a vibrant commercial hub for retail services. Located near Mission Hills Country Club, Palm Springs International Airport (3.2 million passengers in 2024), and Joshua Tree National Park (2.9 million visitors in 2024). Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Dutch Bros and Cathedral City for steady concurrent growth.

FOR SALE DETAILS

PRICE

$2,894,000 USD

PRICE/SF

$3,046 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | Palm Springs MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

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

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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