34131 Date Palm Dr, Cathedral City, CA 92234-6884

This exceptional investment opportunity presents a 5,470 square foot, Class B, two-tenant medical building situated on a 26,136 square foot lot in Cathedral City, CA. The property, built in 2000, boasts 100% occupancy with a strong tenant roster. Cathedral City Family Medical Clinic, a well-established practice with a 16-year history at this location, recently signed a four-year lease extension. Coachella Valley Optometry, a regional brand, is on a new 10-year lease, with a projected grand opening in Q4 2024. Both tenants operate under triple-net (NNN) leases, featuring 3% annual rent escalations, minimizing landlord responsibilities. The property enjoys high visibility at a hard corner intersection of major retail arteries, providing excellent access and exposure. It's strategically located as an outparcel to the thriving Cathedral City Marketplace, a 170,000 square foot shopping center anchored by Food4Less, and benefits from over 1.1 million annual visitors. The property offers 30 parking spaces and is conveniently located near Highway 11 and I-10, providing easy access to the Coachella Valley and its significant tourism revenue (over $8 billion annually). The asking price is $2,270,000, representing a 6.00% cap rate and $415 per square foot. The property's proximity to Disney's Cotino mixed-use development further enhances its long-term growth potential. This is a stabilized investment with a proven track record and significant upside. The property's APN is 687440007.