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68935 Palm Canyon dr
Cathedral City, CA 92234

$4,120,000 USD

Fast Food For Sale  •  2,325 SF

Property Details

• Property Type Fast Food
• Total Building Size 2,325 SF
• Lot Size 0.65 AC
• Year Built 2024
• Cap Rate 4.25 %
• Tenancy Single

0 Transit Score

56 Walk Score

Highlights

Single-Tenant Chipotle Drive-Thru: New 15-year lease with 10% increases every 5 years; minimal landlord responsibilities

Strategically Situated Across from the New Agua Caliente Casino (Top 2% Casino Nationwide, Placer.ai)

Located in the Newly Constructed Cathedral Cove Center in the Heart of Downtown Cathedral City

Strong Central Highway 111 Location to Serve the Coachella Valley’s 425,000 Year-Round Residents

Positioned at the Signalized Intersection of Palm Canyon Drive/Highway 111, a Primary North/South Thoroughfare, and Date Palm Drive

Major Tourist Attraction: The Coachella Valley attracts over 14 million visitors each year

Cap Rate:

4.25 %

Public Transportation

Airport	Drive	Walk	Distance
Palm Springs International	11 min	-	5.6 mi