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Dutch Bros | Palm Springs MSA 34051 Date Palm Dr 950 SF Retail Building Cathedral City, CA 92234 $2,839,000 ($2,988.42/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-year absolute NNN ground lease to Dutch Bros, the second-largest drive-thru coffee chain in the U.S
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- Total revenue for Q1 2025 increased by 29% year-over-year, per Yahoo Finance, with expectations of annual revenue growth of approximately 20%
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Dutch Bros opened its 1,000th shop in February 2025 and plans to open 1,000 more by 2029.
EXECUTIVE SUMMARY
High-visibility and easily accessible location near the signalized four-way intersection of Date Palm Drive and Dinah Shore Drive, allowing for prime site visibility (combined 55,428 AADT)
Dutch Bros opened its 1,000th shop in February 2025 and plans to open 1,000 more by 2029
The five-mile radius serves a populous region of 107,729, with an average annual household income of $122,578
The property serves as an outparcel to The Cathedral City Marketplace and is surrounded by major national retailers creating a vibrant commercial hub for retail services.
Located near Mission Hills Country Club, Palm Springs International Airport (3.2 million passengers in 2024), and Joshua Tree National Park (2.9 million visitors in 2024).
Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Dutch Bros and Cathedral City for steady concurrent growth.
Dutch Bros opened its 1,000th shop in February 2025 and plans to open 1,000 more by 2029
The five-mile radius serves a populous region of 107,729, with an average annual household income of $122,578
The property serves as an outparcel to The Cathedral City Marketplace and is surrounded by major national retailers creating a vibrant commercial hub for retail services.
Located near Mission Hills Country Club, Palm Springs International Airport (3.2 million passengers in 2024), and Joshua Tree National Park (2.9 million visitors in 2024).
Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Dutch Bros and Cathedral City for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2025
Price
$2,839,000
Price Per SF
$2,988.42
Cap Rate
5.25%
NOI
$149,041
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.62 AC
Zoning
PCC
Frontage
92’ on Date Palm
AMENITIES
- Restaurant
- Drive Thru
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 687-440-011 | Improvements Assessment | $361,196 |
| Land Assessment | $535,800 | Total Assessment | $896,996 |
PROPERTY TAXES
Parcel Number
687-440-011
Land Assessment
$535,800
Improvements Assessment
$361,196
Total Assessment
$896,996
CONTACTS
-
Ryan Forsyth -
Vincent Aicale -
Russell Train -
Michael Yuras -
Scott Crowle -
Cushman & Wakefield
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Dutch Bros | Palm Springs MSA | 34051 Date Palm Dr
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