Cathedral City, CA - Starbucks & Vacant Drive-Thru QSR Pad

Description:

• 10-year lease with 10% rental increases every 5 years
• Corporate Guaranty Starbucks Corp., an Investment Grade Tenant
(NASDAQ: SBUX | S&P: BBB+)
• Largest coffeehouse chain globally with +/-40,990 stores in 87 countries
• NN Lease – Starbucks pays for CAM, taxes, insurance and maintains most aspects of the premises. Landlord responsibilities limited to roof, structure, building systems, and CAM (CAM expenses reimbursed by tenant)
• Ideal, low-management investment for a passive investor

• Strategically located at the signalized Intersection of Date Palm Dr and Vista Chino (combined 61,000 VPD)
• Date Palm is the main arterial road to Cathedral City; Vista Chino leads to Palm Spring Airport 5 miles west
• Direct access off Interstate 10 via Date Palm Drive exit
• Desert Hills Premium Outlets and Morongo Casino Resort & Spa are just 20 minutes west along I-10
• Pylon signage for rest stop visible from Interstate 10

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Listing ID: a28TP000002K2SjYAK