Jiffy Lube Investment
For Sale
Contact for pricing
36167 Date Palm Dr, Cathedral City, CA 92234
NNN leased Jiffy Lube with rent increases in Cathedral City.
Property Size3,500 SF
Price / SF$438.29
Days on Market182
Property Features for 36167 Date Palm Dr
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$92,060
Building Details
Year Built
2004
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Jack Kulick · License #C02126798
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 10 at 7:46AM
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 Matthews
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,168
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,360
$1.0M
Cap Rate 7%
$716,686
$716.7K
Cap Rate 9%
$557,422
$557.4K
Market Conditions
NOI Build-Up for 3,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.6K $21.60/SF
− Vacancy
−$3.9K −$1.12/SF
EGI
$71.7K $20.48/SF
− OpEx
−$21.5K −$6.14/SF
NOI
$50.2K $14.33/SF
Area
Riverside County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,360
Cap Rate 7%
$716,686
Cap Rate 9%
$557,422
Alternative Uses
Best Use
Retail
$716.7K
$627.1K – $836.1K
NOI $50,168 @ 7.0% cap · market cap 3.27%
Second Best
Industrial
$410.6K
$359.3K – $479.0K
NOI $28,741 @ 7.0% cap · market cap 1.87%
Theoretical Best
Office A
$1.05M
$917.5K – $1.22M
NOI $73,398 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 14%
Hotels & Casinos 7%
Home Improvements & Furnishings 5%
AMPM
Shops & Services
10,853 visits/mo
0.4 miles
ARCO
Shops & Services
7,261 visits/mo
0.4 miles
Denny's
Dining
5,877 visits/mo
0.2 miles
U.S. Bank
Shops & Services
4,298 visits/mo
0.4 miles
Palm Springs Ford
Shops & Services
3,961 visits/mo
0.4 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Palm Springs Lincoln Collision — 69 200 CA-111, Cathedral City, CA 92234
- Palm Springs Motors Quick Lane Tire & Auto Center — 200 CA-111, Palm Springs, CA 92262
Frequently Asked Questions
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 is the asking price?
The asking price for this property is $1,534,000.
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.
