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INVESTMENT HIGHLIGHTS
Cathedral City Family Medical Clinic is a growing medical brand with 10 locations across the state. The Clinic has occupied the Property for 16 years and executed a four-year extension in 2023.
Coachella Valley Optometry is a well-known regional brand on a new 10-year lease with an estimated grand opening to occur in Q4 2024. This will be their third location in the Coachella Valley and the first north of Indio.
Both tenants operate on NNN leases, minimizing landlord responsibilities.
Highly exposed location with visibility and ingress/egress provided at the hard corner of two major retail arterials.
Pad location of Cathedral City Marketplace, a neighborhood shopping center anchored by Food4Less, DDs, and Planet Fitness, among others. Cathedral City Marketplace ranks as the 3rd most popular neighborhood center within a 15-mile radius and benefits from over 1.1 million annual visitors per PlacerAI.
Disney’s Cotino mixed-use development will be their first planned neighborhood and will include a 618-acre mixed-use development that will include 1,932 residential units, a 24-acre lagoon, hotel, and a shopping district, within a 10-minute drive of the Property.
Coachella Valley has experienced significant growth and increased tourism with over $8b in annual tourism dollars. The Property benefits from its location just south of the area’s airport that serves the greater valley and cities to the south.
