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Farmer Boys | Cathedral City, CA 68895 Palm Canyon dr 3,000 SF Retail Building Cathedral City, CA 92234 $4,419,248 CAD ($1,473.08 CAD/SF) 4.70% Cap Rate

Restaurants California Cathedral City 68895 Palm Canyon dr, Cathedral City, CA 92234

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INVESTMENT HIGHLIGHTS

  • New 20-Year Absolute NNN Ground Lease; Zero Landlord Responsibilities
  • Farmer Boys Is a Leading Restaurant Concept That Offers Delicious Meals Made With Fresh, Locally Sourced Ingredients Whenever Possible
  • Located in the Newly Constructed Cathedral Cove Center in the Heart of Downtown Cathedral City: Co-tenants include Circle K, Chipotle, and Starbucks
  • 10% Increases Every 5 Years During the Base Term and Each of the Three 10-Year Options
  • Strategically Situated Across from the New Agua Caliente Casino (Top 2% Casino Nationwide, Placer.ai)
  • Major Tourist Attraction: The Coachella Valley is home to 4 casinos and over 130 golf courses, and Coachella Valley Music & Arts Festival

EXECUTIVE SUMMARY

New 20-Year Absolute NNN Ground Lease | Across from Agua Caliente Casino (Top 2% Casino Nationwide, Placer.ai)| Irreplaceable Coachella Valley Location; 55,000+ CPD Intersection

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,000 SF
Building Class
B
Year Built
2025
Price
$4,419,248 CAD
Price Per SF
$1,473.08 CAD
Cap Rate
4.70%
NOI
$207,736 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.98 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
MXC - Mixed use commercial

LINKS

1 1
Walk Score®
Very Walkable (70)
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NEARBY MAJOR RETAILERS

Starbucks
Denny's
Mimi's Bistro + Bakery
U.S. Bank
United Rentals
CrossFit
Toyota

PROPERTY TAXES

Parcel Number 687-500-025 Improvements Assessment $634,545 CAD
Land Assessment $418,114 CAD Total Assessment $1,052,659 CAD

PROPERTY TAXES

Parcel Number
687-500-025
Land Assessment
$418,114 CAD
Improvements Assessment
$634,545 CAD
Total Assessment
$1,052,659 CAD
(844) 585-7684

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 36699974

  • Date on Market: 2025-07-11

  • Last Updated:

  • Address: 68895 Palm Canyon dr, Cathedral City, CA 92234

The Retail Property at 68895 Palm Canyon dr, Cathedral City, CA 92234 is currently available for Sale. Contact Hanley Investment Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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Farmer Boys | Cathedral City, CA | 68895 Palm Canyon dr
(844) 585-7684 x

Farmer Boys | Cathedral City, CA | 68895 Palm Canyon dr

Bill Asher
(844) 585-7684

Jeff Lefko
(844) 585-7682

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