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68895 Palm Canyon dr
Cathedral City, CA 92234 Outlying Palm Springs

$3,191,000 USD

Restaurant For Sale  •  3,000 SF

Property Details

• Property Type Restaurant
• Total Building Size 3,000 SF
• Lot Size 0.98 AC
• Building Class B
• Year Built 2025
• Cap Rate 4.70 %
• Tenancy Single
• Zoning MXC

0 Transit Score

70 Walk Score

Highlights

New 20-Year Absolute NNN Ground Lease; Zero Landlord Responsibilities

10% Increases Every 5 Years During the Base Term and Each of the Three 10-Year Options

Farmer Boys Is a Leading Restaurant Concept That Offers Delicious Meals Made With Fresh, Locally Sourced Ingredients Whenever Possible

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: Co-tenants include Circle K, Chipotle, and Starbucks

Major Tourist Attraction: The Coachella Valley is home to 4 casinos and over 130 golf courses, and Coachella Valley Music & Arts Festival

Cap Rate:

4.70 %

Public Transportation

Airport	Drive	Walk	Distance
Palm Springs International	11 min	-	5.8 mi