34051 Date Palm Drive, Cathedral City, CA 92234 - Berkshire Hathaway HomeServices California Properties

34051 Date Palm Drive, Cathedral City, CA 92234

$2,980,000 Approx. USD 0 beds, 0 baths

Listing Agent


Kunal Sethi | kunalssethi@gmail.com
Lic#: 01351160
Broker: Courtesy of Sync Brokerage, Inc.

Agent Remarks

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.

Listing Details

Property type: Retail (Commercial)
Status: Active
MLS# SR25076495
Price: $2,980,000
Built in 2025
0.63 acres
Lot size: 0.6300
County: Riverside
Lot description: ZeroToOneUnitAcre,Rectangular Lot,Street Level
MLS area: 336 - Cathedral City South

Last Updated: 5/1/2025

 Days On Market (DOM): 80

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This listing belongs to the 336 - Cathedral City South MLS area

Lat/Long: 33.800588, -116.458530.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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