Round Table Pizza / Value-Add Opportunity

Sold May 2023

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Price: $1,260,000

Cap Rate: 3.38%

Represented: Seller and Buyer

Single Tenant NNN - Round Table Pizza with Below Market Rent | Cathedral City, CA

- Value-Add Opportunity, No Options Remaining

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- Significantly below market rent at $1.00 PSF NNN vs. estimated $3.00 PSF NNN market rent (See Page 7; Lease Comparable Aerial)

- 9.60% Proforma Cap rate at estimated market rent 

- Passive 1031 exchange opportunity with ease of management & significant upside

- Building is in excellent condition 

- Freestanding Pad at the entrance to a major regional center with Cardenas, CVS, Harbor Freight

- High traffic intersection with over 57,797 vehicles per day at Date Palm Drive and Ramon Road 

- Pylon sign and excellent street frontage & visibility along Date Palm Drive, which acts as the major North/South thoroughfare in Cathedral City 

- National Tenant - Round Table Pizza has over 400 locations throughout the Western United States (franchisee)

- Assemblage potential with adjacent owners (call brokers for details)

- Strong depreciation and tax write-off with appr. $250,000 Year 1 increased accumulated depreciation with cost segregation study (confirm with CPA)

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