68-67 Palm Canyon Dr Cathedral City, CA 92234

Canyon Plaza, a prime retail investment opportunity in Cathedral City, CA, presents a compelling value-add proposition. This 37,895 square foot shopping center, situated on a 4.05-acre lot at 68-67 E Palm Canyon Dr (Highway 111), boasts a prominent location with daily traffic counts exceeding 52,500 vehicles. Currently housing 24 tenants with an 87% occupancy rate, the center offers a diverse mix of retail and service businesses. Built in 1981 and subsequently remodeled, the property features a Net Operating Income (NOI) of $589,757, translating to a 7.00% capitalization rate and a price per square foot of $224.96. The asking price is $8,525,000. The property is offered fee simple with a triple net (NNN) lease structure and includes rent bumps. This single-story center presents a strong cash flow with significant upside potential for future growth. The property's strategic location on a major thoroughfare in a thriving desert community makes it an exceptional investment opportunity.