34051 Date Palm Dr - Fast Food FOR SALE
Cathedral City, CA 92234 |
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%
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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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
950
STORIES
1
YEAR BUILT
2025
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
687-440-011
