Food 4 Less (Kroger) Fuel Station

Highlights:

• Brand New Long Term Absolute NNN Corporate Ground Lease
• Strategic Coachella Valley Retail Corridor Location
• Investment Grade Publicly Traded Credit Tenant
• Ideal Surrounding Customer Base | Coachella Valley “Commuter Oriented” Demographics
• Tremendous Underlying Retail (Fuel Station) Site Fundamentals

Description:

Kidder Mathews, as exclusive agent to Owner is pleased to present 34500 Date Palm Dr, Cathedral City, CA for sale. The offering represents a rare newly developed net lease investment opportunity in a core Coachella Valley market (Cathedral City, CA). The 0.64 Acre site is situated at the signalized intersection of Date Palm Dr & Victoria Dr (±29,000 VPD) immediately adjacent the ±209,536 SF Food 4 Less anchored Cathedral City Marketplace Regional Center (1.9 Million Annual Visits). The subject site is 100% leased to Food 4 Less Gas (Ralphs/Kroger) on a brand-new 15 year Absolute NNN ground lease.

• New 15 year absolute NNN ground lease
• Strong corporate guarantee
• Adjacent Cathedral City marketplace (dominant Food 4 Less anchored regional center)
• EV ready mobility station with electric vehicle charging station infrastructure
• 26 year operating history- Food 4 Less grocery store opened in 1998

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