3009 S Dogwood Rd - Freestanding FOR SALE


El Centro, CA 92243
$4,435,776 USD
201-919-6148
3009 S Dogwood Rd, El Centro, CA for Sale
$4,435,776 USD
Freestanding - FOR SALE
1/3
null | 8.25% Cap Rate

3009 S Dogwood Rd
El Centro, CA 92243


HIGHLIGHTS

  • Absolute NNN Lease with Attractive Annual Rent Increases
  • Strong Guarantor & Largest Retail Operator in the State
  • Located Along Primary Retail Corridor & Outparcel to the Imperial Valley Mall
  • Proximity to Imperial Valley College & Extended Campuses of San Diego State University and the University of Phoenix
  • Well Positioned on South Dogwood Road & East Danenberg Drive
  • Close Proximity to Highway Systems | Near Naval Air Facility El Centro

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee-simple ownership interest in the Stiiizy cannabis dispensary property located in El Centro, California (“the Property”). Stiiizy is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease also features 2.75% annual rent escalations throughout the base term and option periods, providing investors with a boost to overall cash flows and a significant hedge against inflation. See Lease Abstract for full details. The Property is located within the city of El Centro, California, and is strategically positioned along South Dogwood Road (12,800+ VPD), providing the real estate with excellent exposure and visibility. The Property is located less than one mile south from the on/off ramps of Interstate 8, which sees over 35,000+ vehicles per day. The Property sits in an incredibly dense retail corridor as an outparcel to the Imperial Valley Mall. The shopping mall is home to Dillard's, JCPenney, and Macy's, and features more than 100 specialty shops, dining options and entertainment. Additionally, there are many other surrounding national retailers such as Marshalls, ROSS, Michael's, Ulta, Dollar Tree and Kohl's, plus multiple nationally branded hotels. El Centro is home to the Naval Air Facility El Centro, a pivotal support base for Naval Aviation Squadrons and stands as the esteemed winter home for the renowned US Navy Flight Demonstration Squadron, the Blue Angels.

FOR SALE DETAILS

PRICE

$4,435,776 USD

PRICE/SF

$365 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STIIIZY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

CG

APN/PARCEL ID

054-530-063-000

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

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Christian TremblayNorthmarqMore Info
201-919-6148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.