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34331 Date Palm Dr

7,500 SF Retail Building Cathedral City, CA 92234 $2,363,076 CAD ($315 CAD/SF) 6.25% Cap Rate

Restaurants California Cathedral City 34331 Date Palm Dr, Cathedral City, CA 92234

Executive Summary

The Offering provides the opportunity to acquire a freestanding, 7,500 SF DJ’s Sports Bar & Grill, with 5% annual rent increases. DJ’s Sports Bar & Grill opened in April 2024 and has over 8 years remaining of firm term with 2, 5-year extension options. DJ’s is a popular sports bar serving the greater Coachella Valley, owned and operated by a successful area restaurateur, with exceedingly high monthly sales in their first few months of operation. Cathedral City Marketplace is a 170K SF Food4Less grocery-anchored neighborhood shopping center with frontage on Date Palm Dr., a major connector to the nearby Hwy 11 and I-10 arterials, running through the Coachella Valley.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,500 SF
Building Class
B
Year Built
1998
Price
$2,363,076 CAD
Price Per SF
$315 CAD
Cap Rate
6.25%
NOI
$147,692 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.58 AC
Zoning
PCC - Planned Community Commercial
Parking
40 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
126 ft on Date Palm Dr
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Walk Score ®
Very Walkable (73)
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

Nearby Major Retailers

Planet Fitness
Food 4 Less
Dutch Bros
IHOP
Applebee's
U.S. Bank
CrossFit
United Rentals

PROPERTY TAXES

Parcel Number 687-440-004 Improvements Assessment $1,070,381 CAD
Land Assessment $293,596 CAD Total Assessment $1,363,977 CAD

PROPERTY TAXES

Parcel Number
687-440-004
Land Assessment
$293,596 CAD
Improvements Assessment
$1,070,381 CAD
Total Assessment
$1,363,977 CAD
(206) 693-3352

Contacts

  • Listing ID: 33464436

  • Date on Market: 2024-10-09

  • Last Updated:

  • Address: 34331 Date Palm Dr, Cathedral City, CA 92234

The Retail Property at 34331 Date Palm Dr, Cathedral City, CA 92234 is currently available for sale. Contact Northmarq for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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34331 Date Palm Dr
(206) 693-3352 x

34331 Date Palm Dr

1/3

Sean Tufts

(206) 693-3352

(206) 693-3352

Kevin Adatto

(952) 356-0100

(952) 356-0100

Joe Dugoni

(206) 693-3329

(206) 693-3329

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