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36167 Date Palm Dr
Cathedral City, CA 92234
Retail Property For Sale
Investment Highlights
- Listed for $1,534,000: Yielding a 6.00% cap rate, delivering strong immediate cash-on-cash returns for net lease investors.
- Team Car Care – Largest Jiffy Lube Operator: Team Car Care is the largest Jiffy Lube operator in the country with 400+ locations, providing institutio
- Rapidly Growing Area: ±10.1% annual population increase in a 1-mile radius, driving sustained demand for essential auto services.
- Recent Lease Extension: Demonstrates tenant commitment to the location and long-term operational stability.
- Annual Rent Increases: Built-in escalations help hedge against inflation and support predictable cash flow growth.
- Absolute NNN Lease: True absolute NNN structure with zero landlord responsibilities—ideal for passive, hands-off ownership.
Executive Summary
Broker of Record
David Harrington
License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
David Harrington
License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,500 SF
Building Class
B
Year Built
2004
Price
$1,534,000
Price Per SF
$438.29
Cap Rate
6%
NOI
$92,060
Tenancy
Single
Building Height
2 Stories
Building FAR
0.11
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
CPS, Catherdral City
Parking
12 Spaces (3.43 Spaces per 1,000 SF Leased)
Frontage
99’ on E Date Palm Dr
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 687-480-016 | Improvements Assessment | $1,988,246 |
| Land Assessment | $765,550 | Total Assessment | $2,753,796 |
Property Taxes
Parcel Number
687-480-016
Land Assessment
$765,550
Improvements Assessment
$1,988,246
Total Assessment
$2,753,796
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