Restaurant
Denny's Leasehold Interest (Building Only)
67950 Vista Chino, Cathedral City, CA 92234
Listing Price: $2,456,250
Cap Rate
8.00%
Tenant Name
Denny's
Years Remaining On Lease
14.5
Gross SF
4,340
Guarantor
Franchisee Guarantee
Rentable SF
4,340
Price/Gross SF
$565.96
Lease Type
Absolute Net
Rent Per Square Feet
$45.28
Investment Overview
67950 Vista Chino, Cathedral City, CA 92234
Denny's Leasehold Interest (Building Only)
Investment Highlights
- 15-YEAR ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: Absolute Net — Tenant Shoulders 100% Of Expenses, Even Ground Rent—Delivering Truly Passive "Mailbox-Money" Income.
- 10 % RENT ESCALATIONS EVERY 5 YEARS | PREDICTABLE INCOME GROWTH: Contractual 10% Bumps Every 60 months Propel NOI Roughly 21% Over The Base Term.
- 2023 CONSTRUCTION | MODERN FULL-SERVICE DINER (4,200 SF): Cutting-Edge 2023 Prototype With Full Drive-Thru On A 1.45-Acre Pad—Engineered To Capture High-Velocity Dine-In, Take-Out, & Delivery Traffic.
- PRIME COACHELLA VALLEY TRADE AREA | NEAR MAJOR TOURIST CORRIDORS: Prominent Vista Chino Frontage—The East-West Spine Connecting Palm Springs Resorts To Indio's Festival Grounds Exposes The Site To Millions Of Annual Visitors And 250k+ Coachella Attendees.
- STABLE RESIDENTIAL BASE | ~52,800 RESIDENTS & 0.5% GROWTH IN 2025: In-Place Population Of 52.8k, Up 23% Since 2000, With Consistent Year-Over-Year Growth.
- RESORT AND TOURISM ECONOMY | DESERT DESTINATION MARKET: Tourism Juggernaut: Coachella & Stagecoach Pump $700m+ Into The Valley Every Spring, While Modernism Week, The BNP Paribas Open, and A Booming Short-Term-Rental Scene Keep Hotels Full and Restaurants Busy Year-Round.
- JOB MARKET ON UPSIDE | MODERATE UNEMPLOYMENT & STRONG PROJECTIONS: Regional Employment Projected To Surge Nearly 38% This Decade As Hospitality, Logistics, And Healthcare Expansions Accelerate Tax Stable Environment | Resident Income Mediating Costs Investor-Friendly California Desert Locale With 8.8 % Sales Tax, Median Household Income Of ~$56.7k, And No Local Franchise Tax Drag.
Exclusively Listed By
Listing Price: $2,456,250
Cap Rate
8.00%
Tenant Name
Denny's
Years Remaining On Lease
14.5
Gross SF
4,340
Guarantor
Franchisee Guarantee
Rentable SF
4,340
Price/Gross SF
$565.96
Lease Type
Absolute Net
Rent Per Square Feet
$45.28
Investment Highlights
- 15-YEAR ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: Absolute Net — Tenant Shoulders 100% Of Expenses, Even Ground Rent—Delivering Truly Passive "Mailbox-Money" Income.
- 10 % RENT ESCALATIONS EVERY 5 YEARS | PREDICTABLE INCOME GROWTH: Contractual 10% Bumps Every 60 months Propel NOI Roughly 21% Over The Base Term.
- 2023 CONSTRUCTION | MODERN FULL-SERVICE DINER (4,200 SF): Cutting-Edge 2023 Prototype With Full Drive-Thru On A 1.45-Acre Pad—Engineered To Capture High-Velocity Dine-In, Take-Out, & Delivery Traffic.
- PRIME COACHELLA VALLEY TRADE AREA | NEAR MAJOR TOURIST CORRIDORS: Prominent Vista Chino Frontage—The East-West Spine Connecting Palm Springs Resorts To Indio's Festival Grounds Exposes The Site To Millions Of Annual Visitors And 250k+ Coachella Attendees.
- STABLE RESIDENTIAL BASE | ~52,800 RESIDENTS & 0.5% GROWTH IN 2025: In-Place Population Of 52.8k, Up 23% Since 2000, With Consistent Year-Over-Year Growth.
- RESORT AND TOURISM ECONOMY | DESERT DESTINATION MARKET: Tourism Juggernaut: Coachella & Stagecoach Pump $700m+ Into The Valley Every Spring, While Modernism Week, The BNP Paribas Open, and A Booming Short-Term-Rental Scene Keep Hotels Full and Restaurants Busy Year-Round.
- JOB MARKET ON UPSIDE | MODERATE UNEMPLOYMENT & STRONG PROJECTIONS: Regional Employment Projected To Surge Nearly 38% This Decade As Hospitality, Logistics, And Healthcare Expansions Accelerate Tax Stable Environment | Resident Income Mediating Costs Investor-Friendly California Desert Locale With 8.8 % Sales Tax, Median Household Income Of ~$56.7k, And No Local Franchise Tax Drag.
Investment Overview
67950 Vista Chino, Cathedral City, CA 92234
Exclusively Listed By
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