Two Tenant w/ Harbor Freight

Cathedral City (Palm Springs), CA
This listing is no longer available.
This listing is currently in escrow.


Two (2) tenant investment opportunity, located within the dominat grocery anchored shopping center in the trade area



- Attractive long term assumable financing due in 14 years at 4.52% and/or potential seller financing

- Two (2) tenant investment opportunity featuring strong national and regional tenant: Harbor Freight & Furniture Depot/Jerry’s

- Below Replacement cost at $130 PSF

-Below Market Rent with Future Upside

- Ideally located in Cathedral City (Palm Springs MSA), within the dominant grocery anchored shopping center in the trade area

- Harbor Freight has been successfully operating at this location for nearly 10 years, with strong Placer AI data.  Furniture Depot/Jerry’s is incredibly busy as well, even during Summer months

- Harbor Freight is the #1 fastest growing retailer in the U.S. with over 1,400+ locations, Moody’s Credit Rating of Ba3, and ranks in the top 100 U.S. retailers in sales

- Furniture Depot/Jerry’s is an established tenant within the Coachella Valley and has multiple locations

- Main and main intersection location along Date Palm Dr. and Ramon Rd. with 57,797 vehicles per day at the intersection

- Located within the busy Cardena’s (grocery) anchored shopping center - creating tenant synergy and a strong cross over shopping experience for customers

- Strong demographics - There are over 115,784 residents within a 5 mile radius of the property, with an average household income of nearly $90k

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