34500 Date Palm Drive | Cathedral City, CA 92234
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- LoopNet Team
34500 Date Palm Drive
Cathedral City, CA 92234
12 Year Brand New Construction Food4Less Gas · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Absolute NNN Ground Lease: Brand-new 12-year lease followed by eight (8), 5-year renewal options
- Investment-Grade Tenant and is Publicly Traded: Investment-Grade Tenant Standard & Poor’s Credit Rating of BBB | NYSE:KR
- Passive Ownership Asset Easy to Manage: Lease structure provides for ease of management with zero Landlord responsibilities
- Brand New Construction: Under development, scheduled to open for business/rent commence by Q1 2024
- Prime Location - Food4Less Shadow Anchor: Across from ±547K SF center anchored by Food4Less which ranks top 11% nation-wide with 1.9MM annual visits
- Great Real Estate Fundamentals: Hard corner signalized asset with multiple points of ingress/egress, located in a high-potential area with increasing
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
266 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
0.72 AC
Zoning
PCC
Frontage
AMENITIES
- Corner Lot
- Car Charging Station
PROPERTY TAXES
| Parcel Number | 673-172-025 | Improvements Assessment | $23,741 |
| Land Assessment | $2,350,078 | Total Assessment | $2,373,819 |
PROPERTY TAXES
Parcel Number
673-172-025
Land Assessment
$2,350,078
Improvements Assessment
$23,741
Total Assessment
$2,373,819
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