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Overview
Investment Highlights
Gallery
Location
Contact
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34500 Date Palm Dr
Cathedral City, CA 92234
Food 4 Less (Kroger) Fuel Station
Asset Class
Retail
Cap Rate
4.5%
Deal Size: $3.22 M
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Food 4 Less (Kroger) Fuel Station
Overview
Brand new construction
15 year absolute NNN ground lease
Strong corporate guarantee
Adjacent Cathedral City marketplace (dominant Food 4 Less anchored regional center)
EV ready mobility station with electric vehicle charging station infrastructure
26 year operating history- Food4Less grocery store opened in 1998
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Investment Highlights
Brand new 15 year term which is set to commence on March 1, 2025
The lease is an Absolute NNN ground lease structure which requires ZERO landlord responsibilities.
High Density - Population of over 107,892 within a 5 mile radius of the site.
Six Fuel Pumps including Gasoline and Diesel.
The site is also "EV Ready" for easy future addition of Electric Vehicle Charging Stations creating a full Mobility Center.
Excellent Visibility with ±265 feet of linear frontage via Victoria Dr, & ±130 feet of linear frontage via Date Palm Dr & Eagle Canyon Dr.
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34500 Date Palm Dr
Cathedral City, CA 92234
Sales Team
For more information, please contact
Simon Mattox
Senior Vice President
License #: 01732008
310.906.3295
simon.mattox@kidder.com
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Revere CRE