Keegan Cin | Realtor® | License # DRE 01971604

Property

Cathedral City, CA 92234 34051 Date Palm Drive

34051 Date Palm Drive Cathedral City, CA - Image 134051 Date Palm Drive Cathedral City, CA - Image 234051 Date Palm Drive Cathedral City, CA - Image 3
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34051 Date Palm Drive Cathedral City, CA - Image 434051 Date Palm Drive Cathedral City, CA - Image 534051 Date Palm Drive Cathedral City, CA - Image 634051 Date Palm Drive Cathedral City, CA - Image 734051 Date Palm Drive Cathedral City, CA - Image 834051 Date Palm Drive Cathedral City, CA - Image 9
Presented By: Kunal Sethi with Sync Brokerage, Inc.; 818-400-9292
  • MLS# SR25076495
  • 04/07/2025
  • Request Tour
  • Request Info
  • SQFT • 950
  • Year Built • 2025

Home Details

Dutch Bros Coffee – Exceptional opportunity to acquire a brand-new, 2025 construction Dutch Bros Coffee with a corporate guarantee. This prototypical 950 SF double drive-thru location sits on a large 27,443 SF parcel with dedicated ingress and egress from Date Palm Blvd. Strategically positioned within a 200,000+ SF grocery-anchored regional shopping center featuring a strong mix of national and regional tenants, the property benefits from excellent co-tenancy and consumer traffic. Located just off a signalized intersection with traffic counts exceeding 50,000 vehicles per day, the site offers outstanding visibility and accessibility. Situated in the heart of Cathedral City, CA (Riverside County), the asset is located in a dynamic and growing trade area. The region has experienced significant growth in both population and demographics, making it a compelling long-term investment. The offering includes an absolute NNN ground lease with Dutch Bros Coffee Corporate (NYSE: BROS), one of the fastest-growing food and beverages brands in the U.S. With a market cap over $8 billion, 950+ locations across 18+ states, and rapid growth in sales, footprint, and brand loyalty, Dutch Bros is a highly sought-after tenant. The lease features a 15-year primary term with four (4) five-year options. Rent is structured to increase by 10% every five (5) years, including during the option periods—providing stable, increasing cash flow throughout the lease. The lease is absolute NNN Triple Net with an initial NOI of $149,000 in the first year and 10% increase in rent every 5 years. This is a rare, passive investment opportunity with a high-credit tenant, excellent real estate fundamentals, and long-term income growth.
Presented By: Kunal Sethi with Sync Brokerage, Inc.; 818-400-9292

Interior Features for 34051 Date Palm Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 34051 Date Palm Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeFoodAndBeverage
Cap Rate5.0
Carport Y/NNo
CityCathedral City
CountyRiverside
DirectionsCorner of Date Palm Drive & Dina Shore Drive. 50k+ Traffic count
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet27443.0
Lot Size UnitsSquareFeet
MLS Area336 - Cathedral City South
MobileHomeRemainsYNNo
Net Operating Income149000.0
New ConstructionNo
Number Of Units Total1
Occupancy TypeTenant
Operating Expense0.0
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built2025
Year Built SourceEstimated

Exterior for 34051 Date Palm Drive

Building Area Total950.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, RectangularLot, StreetLevel
Lot Size Acres0.63
Lot Size Area27443.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $2,980,000
MLS#SR25076495
List Date 04/07/2025
Property Type Commercial
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Request Info

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