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Starbucks | Cathedral City, CA SWC Highway 111

1,900 SF Retail Building Cathedral City, CA 92234 $4,115,000 ($2,166/SF) 4.50% Cap Rate

Retail Buildings California Cathedral City SWC Highway 111, Cathedral City, CA 92234

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
$4,115,000
Price Per SF
$2,166
Cap Rate
4.50%
NOI
$185,000
Tenancy
Single
Building Height
1 Story
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

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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: 9/16/2024

  • Last Updated:

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

More public record information on 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.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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SWC Highway 111, Cathedral City, CA for sale Building Photo- Image 1 of 5
Starbucks_CathedralCity_Cover
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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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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