Food4Less NNN
For Sale
Contact for pricing
Pending
34500 Date Palm Dr, Cathedral City, CA 92234
New convenience store and service station with a corporate-backed absolute triple-net ground lease.
Property SizeContact for details
Lot Size0.72 Acres
Days on Market142
Property Features for 34500 Date Palm Dr
General Information
Standard status
Pending
Lot size
0.72 Acres
Property subtype
Retail
Site & Location
Traffic Count
30,000 vehicles/day
Road Access
Yes
Additional Details
Fuel Pumps
5
Building Details
Tenancy
Single
Abandoned
No
Listing Agency:
CIRE Partners
Listed By:
Renato Lorja · License #CA 01940384
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 6:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CIRE Partners
Investment Insights
Based on property information with market context.
This NNN property is planned as a newly constructed, single-tenant convenience store and service station at 34500 Date Palm Drive. The improvements are designed for 5 MPD’s and 10 fueling positions on a ±31,363 square foot parcel. Construction was slated to begin in October 2023, with completion scheduled for Q1 2024.
Ralphs Company is identified as the operator under a brand-new 12-year corporate-backed absolute triple-net ground lease, followed by eight 5-year renewal options. The lease provides 10% rent increases at the start of each renewal period. The site occupies the signalized intersection of Date Palm Drive and Victoria Drive, with approximately 30,000 average daily traffic. It is also near the signalized Date Palm Drive and Dinah Shore Drive intersection, which records approximately 55,000 ADT, and across from Cathedral City Marketplace, a ±547,000 SF regional shopping center anchored by Food4Less.
Ralphs Company is identified as the operator under a brand-new 12-year corporate-backed absolute triple-net ground lease, followed by eight 5-year renewal options. The lease provides 10% rent increases at the start of each renewal period. The site occupies the signalized intersection of Date Palm Drive and Victoria Drive, with approximately 30,000 average daily traffic. It is also near the signalized Date Palm Drive and Dinah Shore Drive intersection, which records approximately 55,000 ADT, and across from Cathedral City Marketplace, a ±547,000 SF regional shopping center anchored by Food4Less.
Key Highlights
- Brand‑new 12‑year corporate‑backed absolute triple‑net ground lease
- 5 MPD’s and 10 fueling positions
- Convenience store and service station on a ±31,363 square foot parcel
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 34%
Shops & Services 28%
Electronics 1%
Food 4 Less
Groceries
40,584 visits/mo
0.2 miles
dd's DISCOUNTS
Shops & Services
15,927 visits/mo
0.3 miles
Jack in the Box
Dining
15,693 visits/mo
0.1 miles
Circle K
Shops & Services
7,668 visits/mo
0.5 miles
IHOP
Dining
7,461 visits/mo
0.2 miles
Demographics for 92234, CA
51,509
Population
23,114
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
3,480
Density / Sq Mi
$67,031
Median Household Income
$34,895
Median Earnings
$1,554
Median Rent
$420,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - New convenience store and service station with a corporate-backed absolute triple-net ground lease.
Where is this nnn property located?
The property is located at 34500 Date Palm Dr Cathedral City, CA.
What are key features of this property?
This property features: Brand‑new 12‑year corporate‑backed absolute triple‑net ground lease; 5 MPD’s and 10 fueling positions; Convenience store and service station on a ±31,363 square foot parcel
