Cathedral City, CA 92234,34051 Date Palm DR
Cathedral City, CA 92234,34051 Date Palm DR
Cathedral City, CA 92234,34051 Date Palm DR
Cathedral City, CA 92234,34051 Date Palm DR
Cathedral City, CA 92234,34051 Date Palm DR
Cathedral City, CA 92234,34051 Date Palm DR
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$ 2,980,000
Est. payment | /mo

0.63 Acres Lot


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$ 2,980,000
Est. payment | /mo
Save

0.63 Acres Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25076495

HOA Y/N No

Year Built 2025

Lot Size 0.630 Acres

Property Sub-Type Retail

Property Description

Dutch Bros Coffee – Exceptional opportunity to acquire a brand-new, 2025 construction Dutch Bros Coffee with a corporate guarantee. This prototypical 950 SF double drive-thru location sits on a large 27,443 SF parcel with dedicated ingress and egress from Date Palm Blvd.

Strategically positioned within a 200,000+ SF grocery-anchored regional shopping center featuring a strong mix of national and regional tenants, the property benefits from excellent co-tenancy and consumer traffic. Located just off a signalized intersection with traffic counts exceeding 50,000 vehicles per day, the site offers outstanding visibility and accessibility.

Situated in the heart of Cathedral City, CA (Riverside County), the asset is located in a dynamic and growing trade area. The region has experienced significant growth in both population and demographics, making it a compelling long-term investment.

The offering includes an absolute NNN ground lease with Dutch Bros Coffee Corporate (NYSE: BROS), one of the fastest-growing food and beverages brands in the U.S. With a market cap over $8 billion, 950+ locations across 18+ states, and rapid growth in sales, footprint, and brand loyalty, Dutch Bros is a highly sought-after tenant.

The lease features a 15-year primary term with four (4) five-year options. Rent is structured to increase by 10% every five (5) years, including during the option periods—providing stable, increasing cash flow throughout the lease. The lease is absolute NNN Triple Net with an initial NOI of $149,000 in the first year and 10% increase in rent every 5 years.

This is a rare, passive investment opportunity with a high-credit tenant, excellent real estate fundamentals, and long-term income growth.

Location

State CA

County Riverside

Area 336 - Cathedral City South

Interior

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre, Rectangular Lot, Street Level

Story 1

Water Public

Others

Tax ID 687440011

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Kunal Sethi • Sync Brokerage, Inc. • 818-400-9292
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34051 Date Palm DR