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Date Palm Centre 69040 Ramon Rd 4,250 SF 100% Leased Retail Building Cathedral City, CA 92234 $1,850,000 ($435.29/SF) 6.69% Cap Rate



Investment Highlights
- Stabilized Investment Opportunity
Executive Summary
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$146,867
|
$34.56
|
| Other Income |
$61,178
|
$14.39
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$208,045
|
$48.95
|
| Taxes |
$22,388
|
$5.27
|
| Operating Expenses |
$61,934
|
$14.57
|
| Total Expenses |
$84,322
|
$19.84
|
| Net Operating Income |
$123,723
|
$29.11
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $146,867 |
| Annual Per SF | $34.56 |
| Other Income | |
|---|---|
| Annual | $61,178 |
| Annual Per SF | $14.39 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $208,045 |
| Annual Per SF | $48.95 |
| Taxes | |
|---|---|
| Annual | $22,388 |
| Annual Per SF | $5.27 |
| Operating Expenses | |
|---|---|
| Annual | $61,934 |
| Annual Per SF | $14.57 |
| Total Expenses | |
|---|---|
| Annual | $84,322 |
| Annual Per SF | $19.84 |
| Net Operating Income | |
|---|---|
| Annual | $123,723 |
| Annual Per SF | $29.11 |
Property Facts Under Contract
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Little Caesars began in 1959 when Mike and Marian Ilitch opened a single pizza restaurant in suburban Detroit. The company grew through franchising and later expanded into international markets, with business materials describing a model centered on quality, convenience, and value. Today, Little Caesars focuses on pizza restaurants, franchise development, and carryout-oriented service, while also supporting community programs such as the Love Kitchen and fundraising initiatives.
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
Subway began in 1965 when Fred DeLuca and Peter Buck opened a submarine sandwich shop in Connecticut with a small investment and a handshake. The company grew through franchising and developed from a local sandwich shop into a global restaurant brand serving freshly made sandwiches at a value-oriented price point. Subway’s menu centers on submarine sandwiches and wraps, with additional offerings that include salads, cookies, soft drinks, and selected pizza items at some locations. The business operates through a large franchise network and maintains a significant presence across international markets while continuing to emphasize convenient, customizable meals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Accommodation and Food Services | - | - | Triple Net | Oct 2029 | |
|
Accommodation and Food Services | - | - | Triple Net | Apr 2029 | |
|
Accommodation and Food Services | - | - | Modified Gross | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 670-172-045 | Total Assessment | $2,718,120 (2025) |
| Land Assessment | $766,644 (2025) | Annual Taxes | $22,388 ($5.27/SF) |
| Improvements Assessment | $1,951,476 (2025) | Tax Year | 2026 |
Property Taxes
Presented by
Date Palm Centre | 69040 Ramon Rd
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