31833 Date Palm Dr Cathedral City, CA 92234

This exceptional 40,000 square foot shopping center in Cathedral City, CA, presents a compelling investment opportunity. Priced at $4,700,000 ($117.50/sq ft), it boasts a 6.70% cap rate and a strong NOI of $314,021. The property sits on a 3.89-acre lot ($31/sq ft land value) and is 100% occupied by two credit-rated tenants: a national retailer, Harbor Freight, and a regional furniture store, Furniture Depot/Jerry's. Harbor Freight, a top 100 US retailer with a Moody's Ba3 credit rating, recently renewed/extended their lease. Furniture Depot/Jerry's is a well-established local business with a strong personal guaranty. The property benefits from a below-market, assumable 4.52% fixed-rate loan for 14 years, offering significant long-term value-add potential due to below-market rents. Strategically located at a main intersection (Date Palm Dr. and Ramon Rd.) with high daily traffic (57,797 vehicles), this center is part of a grocery-anchored shopping center, creating synergistic tenant relationships. The strong demographics, with over 115,784 residents within a 5-mile radius and an average household income of nearly $90,000, further enhance its appeal. This is a stabilized, value-add investment with significant upside potential. The property's APN is 678-330-008 & 678-330-019. Lease type is Net.