34051 Date Palm Drive
Cathedral City,
CA
92234
Property Details
| List Price: |
$2,980,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
950 Square Feet |
| Agency: |
Sync Brokerage, Inc. |
| Agency Phone: |
(818) 770-3660 |
Description/Comments
| Lot Size: |
0 sqft |
| Property Type: |
Commercial Sale-Other |
| Year Built: |
2025 |
| Notes: |
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.<br />
<br />
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.<br />
<br />
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.<br />
<br />
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.<br />
<br />
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. <br />
<br />
This is a rare, passive investment opportunity with a high-credit tenant, excellent real estate fundamentals, and long-term income growth. |
| MlsNumber: |
-- |
| ListingId: |
SR25076495 |
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| Listing Provided By: |
Sync Brokerage, Inc., original listing |
| Phone: |
(818) 400-9292 |
| Office Phone: |
(818) 770-3660 |
| Agent Name: |
Kunal S. Sethi |
| Disclaimer: |
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
