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Food4Less Fuel Station 34500 Date Palm Drive

266 SF Retail Building Cathedral City, CA 92234 £2,291,029 (£8,613/SF) 5% Net Initial Yield

Investment Highlights

  • Brand new construction- finishing March 2025.
  • Strong corporate guarantee.
  • EV ready mobility station with electric vehicle charging station infrastructure.
  • 15 year absolute NNN ground lease.
  • Adjacent Cathedral City marketplace (dominant Food 4 Less anchored regional center)
  • 26 year operating historyFood4Less grocery store opened in 1998.

Executive Summary

Price Reduced from $3.2m to $2.9m.
The offering represents a rare newly developed net lease investment opportunity in a core Coachella Valley market (Cathedral City, CA). The ±27,878 SF (0.64 AC) site is situated at the signalized intersection of Date Palm Dr & Victoria Dr (±29,000 VPD) immediately adjacent the ±209,536 SF Food 4 Less anchored Cathedral City Marketplace Regional Center (1.9 Million Annual Visits). The subject site is 100% leased to Food 4 Less Gas (Ralphs/Kroger) on a brand-new 15 year Absolute NNN ground lease.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Service Station
Building Size
266 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
£2,291,029
Price Per SF
£8,613
Net Initial Yield
5%
NOI
£114,551
Tenancy
Single
Number of Floors
1
Building FAR
0.01
Land Acres
0.72 AC

Amenities

  • Corner Lot
  • Car Charging Station

Links

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Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 673-172-001 Improvements Assessment £0
Land Assessment £1,896,024 Total Assessment £1,896,024

PROPERTY TAXES

Parcel Number
673-172-001
Land Assessment
£1,896,024
Improvements Assessment
£0
Total Assessment
£1,896,024
(310) 906-3295

  • Listing ID: 33744384

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 34500 Date Palm Drive, Cathedral City, CA 92234

The Retail Property at 34500 Date Palm Drive, Cathedral City, CA 92234 is currently available For Sale. Contact Kidder Mathews for more information.

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34500 Date Palm Drive, Cathedral City, CA for sale Building Photo- Image 1 of 6
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Food4Less Fuel Station | 34500 Date Palm Drive
(310) 906-3295 x

Food4Less Fuel Station | 34500 Date Palm Drive

Simon Mattox

(310) 906-3295

(310) 906-3295

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