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34500 Date Palm DrCathedral City, CA 92234
Food 4 Less (Kroger) Fuel Station
Asset ClassRetail
Cap Rate4.5%
Deal Size: $3.22 MAccess Data Room
Food 4 Less (Kroger) Fuel Station
overview of deal

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 DrCathedral City, CA 92234

Sales Team

Simon MattoxSenior Vice President

License #: 01732008

310.906.3295simon.mattox@kidder.com

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Listing provided by Revere CRE