36167 Date Palm Dr Cathedral City, CA 92234
NNN leased Jiffy Lube with rent increases in Cathedral City.
Property size:
3,500 SFLot size:
0.70 AcresProperty Features for 36167 Date Palm Dr
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 0.70 Acres
Building Details
- Year built
- 2004
Source:
Crexi
Listing Agency: Matthews Listing Agent: Jack Kulick
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Jiffy Lube Investment Opportunity
This Jiffy Lube property, located at 36167 Date Palm Dr in Cathedral City, CA, is available for purchase. The property operates under an absolute NNN lease, meaning no landlord responsibilities. The tenant, Team Car Care, is the largest Jiffy Lube operator in the country with over 400 locations, and has recently extended their lease, demonstrating commitment to the site. The property benefits from annual rent increases. The location experiences heavy traffic volume of approximately 23,000 vehicles per day on Date Palm Dr. The surrounding area is experiencing rapid growth, with a 10.1% annual population increase within a 1-mile radius. The property is a larger 4-bay Multicare® Model, providing various auto services beyond oil changes to attract a wide customer base. The property size is 3,500 square feet. Auto service properties may be eligible for an accelerated depreciation schedule; consult your tax or accounting professional for more information. This property is suitable for commercial real estate investment.
Location Intelligence
Current Use by Public Records
parker palm springs
Hotel & Motel
Jiffy Lube
Auto Repair Shop
Similar Places Nearby
Palm Springs Lincoln Service, Kora Tires, Scrap Tire Services, Palm Springs Ford Collision, Palm Springs Lincoln Collision
Location Insight
- Map
- Local Demand
- City
- Cathedral City
- County
- Riverside
- State
- California
- Longitude
- -116.4585557
- Latitude
- 33.7859293
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - NNN leased Jiffy Lube with rent increases in Cathedral City.
Where is this auto shop located?
The property is located at 36167 Date Palm Dr Cathedral City, CA.
What are key features of this property?
This property features: - Absolute NNN lease provides a truly passive investment with no landlord responsibilities.; - Tenant is Team Car Care, the largest Jiffy Lube operator in the country (400+ locations), ensuring a secure and reliable income stream.; - Attractive 6.00% cap rate at the listing price of $1,534,000.
