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30025 Date Palm Dr 14,000 SF 100% Leased Retail Building Cathedral City, CA 92234 $4,570,000 ($326.43/SF) 6.35% Cap Rate
Investment Highlights
- 15-year lease to Grocery Outlet, a national grocer tenant.
- The brand has demonstrated resilience across economic cycles.
- The property is secured by a long-term net lease, providing a passive investment profile.
- A nationally recognized, recession-resilient grocer operating over ~540 locations across the U.S.
- Strategic Coachella Valley location.
- The asset features strong visibility along a major arterial roadway.
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.
Investment highlights
- 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, adjacent to a Walgreens Pharmacy
- Long-term net lease with ~10 years remaining (+20 years of extension options), ideal for 1031 exchange buyer
Property Facts
Amenities
- Signage
- Monument Signage
Sustainability
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)
Nearby Major Retailers
Property Taxes
| Parcel Number | 678-160-021 | Improvements Assessment | $1,312,664 |
| Land Assessment | $662,447 | Total Assessment | $1,975,111 |
Property Taxes
Contact the Sale Advisor
30025 Date Palm Dr