Food4Less Fuel Station - March 2025 | 34500 Date Palm Drive
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Food4Less Fuel Station - March 2025 34500 Date Palm Drive
266 SF Retail Building Cathedral City, CA 92234 $2,521,000 ($9,477.44/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new construction- Grand Opening March 2025
- Strong corporate guarantee - Parent Company Kroger is a Fortune 500 Company
- 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
Grand Opening Scheduled March 3, 2025.
Brand new 15 year term which is set to commence on March 1, 2025
The lease is an Absolute NNN ground lease structure which requires ZERO landlord responsibilities.
High Density - Population of over 107,892 within a 5 mile radius of the site.
Six Fuel Pumps including Gasoline and Diesel.
The site is also "EV Ready" for easy future addition of Electric Vehicle Charging Stations creating a full Mobility Center.
Excellent Visibility with ±265 feet of linear frontage via Victoria Dr, & ±130 feet of linear frontage via Date Palm Dr & Eagle Canyon Dr.
Brand new 15 year term which is set to commence on March 1, 2025
The lease is an Absolute NNN ground lease structure which requires ZERO landlord responsibilities.
High Density - Population of over 107,892 within a 5 mile radius of the site.
Six Fuel Pumps including Gasoline and Diesel.
The site is also "EV Ready" for easy future addition of Electric Vehicle Charging Stations creating a full Mobility Center.
Excellent Visibility with ±265 feet of linear frontage via Victoria Dr, & ±130 feet of linear frontage via Date Palm Dr & Eagle Canyon Dr.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
266 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$2,521,000
Price Per SF
$9,477.44
Cap Rate
5.75%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
0.72 AC
AMENITIES
- Corner Lot
- Car Charging Station
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 673-172-001 | Improvements Assessment | $0 |
| Land Assessment | $2,400,000 | Total Assessment | $2,400,000 |
PROPERTY TAXES
Parcel Number
673-172-001
Land Assessment
$2,400,000
Improvements Assessment
$0
Total Assessment
$2,400,000
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Food4Less Fuel Station - March 2025 | 34500 Date Palm Drive
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