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Chipotle | Cathedral City, CA 68935 Palm Canyon dr

2,325 SF Retail Building Cathedral City, CA 92234 $4,120,000 ($1,772/SF) 4.25% Cap Rate

Retail Space California Cathedral City 68935 Palm Canyon dr, Cathedral City, CA 92234

Investment Highlights

  • Single-Tenant Chipotle Drive-Thru: New 15-year lease with 10% increases every 5 years; minimal landlord responsibilities
  • Located in the Newly Constructed Cathedral Cove Center in the Heart of Downtown Cathedral City
  • Positioned at the Signalized Intersection of Palm Canyon Drive/Highway 111, a Primary North/South Thoroughfare, and Date Palm Drive
  • 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
  • Major Tourist Attraction: The Coachella Valley attracts over 14 million visitors each year

Executive Summary

New 15-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
Fast Food
Building Size
2,325 SF
Year Built
2024
Price
$4,120,000
Price Per SF
$1,772
Cap Rate
4.25%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.65 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.

Links

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68935 Palm Canyon dr, Cathedral City, CA - aerial map view - Image1
68935 Palm Canyon dr, Cathedral City, CA - aerial map view - Image2

Nearby Major Retailers

Denny's
Kobe Ichiban
U.S. Bank
CrossFit
United Rentals
(844) 585-7684

Contacts

  • Listing ID: 33207648

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 68935 Palm Canyon dr, Cathedral City, CA 92234

More public record information on 68935 Palm Canyon dr, Cathedral City, CA 92234

The Retail Property at 68935 Palm Canyon dr, Cathedral City, CA 92234 is currently available for sale. Contact Hanley Investment Group for more information.

Nearby Listings

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68935 Palm Canyon dr, Cathedral City, CA for sale Building Photo- Image 1 of 5
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68935 Palm Canyon dr, Cathedral City, CA for sale Site Plan- Image 2 of 5
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68935 Palm Canyon dr, Cathedral City, CA for sale Aerial- Image 3 of 5
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68935 Palm Canyon dr, Cathedral City, CA for sale Aerial- Image 4 of 5
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Chipotle | Cathedral City, CA | 68935 Palm Canyon dr
(844) 585-7684 x

Chipotle | Cathedral City, CA | 68935 Palm Canyon dr

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Bill Asher

(844) 585-7684

(844) 585-7684

Jeff Lefko

(844) 585-7682

(844) 585-7682

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