Two Tenant w/ Harbor Freight

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

‍- 7% In Place Cap / Attractive long term assumable financing due in 14 years at 4.52% / Potential seller financing

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

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- Below Replacement cost at $115 PSF

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-Below Market Rent with Long Term Future Upside

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

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

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- 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

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

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

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

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- 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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