34051 Date Palm Drive, Cathedral City, CA 92234
  • MLS#: SR25076495 ( Retail )
  • Street Address: 34051 Date Palm Drive
  • Viewed: 2
  • Price: $2,980,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 0
  • Days On Market: 19
  • Additional Information
  • County: RIVERSIDE
  • City: Cathedral City
  • Zipcode: 92234
  • Provided by: Sync Brokerage, Inc.
  • Contact: Kunal Kunal
  • California Regional MLS IDX
  • DMCA Notice
  • 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 periodsproviding 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.
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Features
Accountingtype
  1. Actual
Anchors Cotenants
  1. Dutch Bros Coffee
Assetclass
  1. Retail
Building Area Total
  1. 950.00
Commoninterest
  1. Planned Development
Country
  1. US
Current Use Comments
  1. Dutch Bros Coffee - Corporate
Insurance Expense
  1. 0.00
Land Use
  1. Retail
Laundry Features
  1. None
Netoperatingincome
  1. 149000.00
Parcel Number
  1. 687440011
Postalcodeplus4
  1. 6860
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Retail
Totalmonthlyrent
  1. 12417
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2025
Year Built Source
  1. Estimated