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Investment Highlights

  • 15-year lease to Grocery Outlet (~10 years remaining), a national grocer tenant, with a proven discount grocery concept
  • Long-term net lease with ~10 years remaining (+20 years of extension options), ideal for 1031 exchange buyer
  • Strategic Coachella Valley location & durable workforce demographics

Executive Summary

This offering presents an opportunity to acquire a passive, necessity-based retail asset backed by a proven grocery operator (Grocery Outlet). The combination of stable workforce demographics, regional demand drivers, and a long-term net lease structure provides durable income and downside protection within the growing Palm Desert market.
- 15-year lease to Grocery Outlet (~10 years remaining), a national grocer tenant, with a proven discount grocery concept
- Strategic Coachella Valley location & durable workforce demographics
- Long-term net lease with ~10 years remaining (+20 years of extension options), ideal for 1031 exchange buyer

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
14,000 SF
Building Class
B
Year Built/Renovated
2009/2021
Price
$4,640,000
Price Per SF
$331.43
Cap Rate
6.25%
NOI
$290,000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
1.50 AC
Zoning
PCC - Planned Community Commercial
Parking
79 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
321’ on Date Palm Ave

Amenities

  • Signage
  • Monument Signage

Sustainability

LEED Certified
Gold
LEED certification is a globally recognized symbol of sustainability achievement.

Sustainability

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Grocery Outlet Holding Corp. is an American discount grocery retailer founded in 1946 by James Read in San Francisco, California. The company operates a network of independently owned and operated stores under the Grocery Outlet Bargain Market banner. Its business model focuses on opportunistic purchasing of surplus, overstock, and closeout products from major manufacturers, allowing customers to save 40–70% compared to conventional retail prices. As of late 2025, the company operates over 535 stores across 16 states, with California being its largest market. The Campbell location serves the South Bay area, offering groceries, fresh produce, frozen foods, health and beauty products, and household essentials at significant discounts.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Banc of California
The Habit Burger Grill
Bank of America
Starbucks
Cardenas
Juan Pollo

Property Taxes

Property Taxes

Parcel Number
678-160-021
Land Assessment
$649,458
Improvements Assessment
$1,286,926
Total Assessment
$1,936,384
  • Listing ID: 40408955

  • Date on Market: 5/5/2026

  • Last Updated:

  • Address: 30025 Date Palm Dr, Cathedral City, CA 92234

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