For Sale
$675,000

34900 Date Palm DrCathedral City, CA 92234

High-Traffic Location, NNN Lease, $675K

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,490 square foot storefront located at 34900 Date Palm Drive, Cathedral City, CA 92234. The property, built in 1966, sits on a 0.31-acre lot and boasts a 100% occupancy rate with a long-term NNN lease in place. The single-tenant building is currently occupied by Lesley's Upholstery, providing a stable income stream. The property's strong financial performance is reflected in its $34,000 net operating income (NOI) and a 5.04% capitalization rate. Classified as a Class C retail/mixed-use property with PLC zoning, this asset offers significant potential for long-term growth. Situated on a highly trafficked area of Date Palm Drive in the heart of the Coachella Valley, this location ensures high visibility and accessibility. The property includes a billboard sign, generating additional income. This fully leased investment presents a compelling opportunity for portfolio diversification and steady income generation. The property features one single-story building. The APN is 673-172-014. This is a net lease investment.

Highlights

  • High-traffic Highway 111 location in Coachella Valley's core.
  • Strong, consistent cash flow.
  • Excellent portfolio diversification opportunity.

Property Details for 34900 Date Palm Dr

Property type
Retail properties, Mixed-use properties
Square Feet
2,490 SF
Class
C
Year Built
1966
Buildings
1
Stories
1
Lot Size (sq. ft)
13,504 SF

Location Insight

City
Cathedral City
County
Riverside
State
California
Latitude
33.7947994
Longitude
-116.4577696
34900 Date Palm Dr, Cathedral City, California

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34900 Date Palm Dr
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