36167 Date Palm Dr - Auto Repair FOR SALE
Cathedral City, CA 92234 |
$1,534,000 USD
760-642-9942
36167 Date Palm Dr
Cathedral City, CA 92234
HIGHLIGHTS
- Listed for $1,534,000: Yielding a 6.00% cap rate, delivering strong immediate cash-on-cash returns for net lease investors.
- Recent Lease Extension: Demonstrates tenant commitment to the location and long-term operational stability.
- Team Car Care – Largest Jiffy Lube Operator: Team Car Care is the largest Jiffy Lube operator in the country with 400+ locations, providing institutio
- Annual Rent Increases: Built-in escalations help hedge against inflation and support predictable cash flow growth.
- Rapidly Growing Area: ±10.1% annual population increase in a 1-mile radius, driving sustained demand for essential auto services.
- Absolute NNN Lease: True absolute NNN structure with zero landlord responsibilities—ideal for passive, hands-off ownership.
FOR SALE DETAILS
PRICE
$1,534,000 USD
PRICE/SF
$438 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Jiffy Lube
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.7 AC
LAND SF
30,492 SF
ZONING
CPS, Catherdral City
APN/PARCEL ID
687-480-016
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760-642-9942
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760-642-9942
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