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Starbucks | Cathedral City, CA SWC Highway 111

1,900 SF Retail Building Cathedral City, CA 92234 £3,246,735 (£1,709/SF) 4.50% Net Initial Yield

Investment Highlights

  • Single-Tenant Corporate (NASDAQ: SBUX; S&P: A-) Starbucks Drive-Thru: New 10-Year Lease | Brand-new construction, 1,900 sq ft café with drive-thru
  • Located in the Newly Constructed Cathedral Cove Center in the Heart of Downtown Cathedral City
  • Strategically Situated Across from the New Agua Caliente Casino (Top 2% Casino Nationwide, Placer.ai)
  • Strong Central Highway 111 Location to Serve the Coachella Valley’s 425,000 Year-Round Residents

Executive Summary

New 10-Year Lease | Across from Agua Caliente Casino (Top 2% Casino Nationwide, Placer.ai) | Irreplaceable Coachella Valley Location; 55,000+ CPD Intersection

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,900 SF
Building Class
C
Year Built
2024
Construction Status
Under Construction
Price
£3,246,735
Price Per SF
£1,709
Net Initial Yield
4.50%
NOI
£145,965
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
0.79 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Drive Thru

Links

1 of 1
SWC Highway 111, Cathedral City, CA - aerial map view - Image1
SWC Highway 111, Cathedral City, CA - aerial map view - Image2
(844) 585-7684

  • Listing ID: 33194196

  • Date on Market: 16/09/2024

  • Last Updated:

  • Address: SWC Highway 111, Cathedral City, CA 92234

The Retail Property at SWC Highway 111, Cathedral City, CA 92234 is currently available For Sale. Contact Hanley Investment Group for more information.

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SWC Highway 111, Cathedral City, CA for sale Building Photo- Image 1 of 5
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SWC Highway 111, Cathedral City, CA for sale Site Plan- Image 2 of 5
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SWC Highway 111, Cathedral City, CA for sale Aerial- Image 3 of 5
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SWC Highway 111, Cathedral City, CA for sale Aerial- Image 4 of 5
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© 2024 CoStar Group

Starbucks | Cathedral City, CA | SWC Highway 111
(844) 585-7684 x

Starbucks | Cathedral City, CA | SWC Highway 111

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Bill Asher

(844) 585-7684

(844) 585-7684

Jeff Lefko

(844) 585-7682

(844) 585-7682

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