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2505 Scaroni Rd
Calexico, CA 92231
Retail Property For Sale
PROPERTY FACTS
About 2505 Scaroni Rd , Calexico, CA 92231
The Applebee's restaurant is located just off Highway 111 at the intersection of Scaroni Road and Robinson Avenue in Calexico, California. Calexico, one of California's best kept secrets, is located 230 miles southeast of Los Angeles, 125 miles east of San Diego, 260 miles west of Phoenix, and adjacent to the City of Mexicali, Baja California, Mexico. Applebees has been at this location since 2003, and in October of 2004, a 15-year lease sale leaseback was executed with an experienced franchisee that currently operates 25 Applebees in the states of North Dakota, Minnesota, Arizona and California. The lease is absolute triple net with 7.5 percent fixed rent increases every five years. There are (3) Five Year Option periods remaining with a 7.5% rental increase at each option. The building consists of +/-5,400 square feet situated on +/-1.4 acres of land that offers abundant on-site parking. Located two miles to the south of the subject property is Calexico's central business district and the USA-Mexico border is just one mile further south. Applebee's enjoys the rapidly expanding commerce that is driven by the dynamic workforce of the border industry. This international character is a blend of American and Mexican cultures, creating Calexico's small town lifestyle with a reported city population of 41,000. Calexico's strategic location is seen by many as the prime link between Mexico and the major markets along the west coast of the U.S. and Canada. EMAIL TO RECEIVE A DETAILED MARKETING PACKAGE!
PROPERTY TAXES
Parcel Number | 059-010-046-000 | Improvements Assessment | $1,436,248 |
Land Assessment | $1,136,136 | Total Assessment | $2,572,384 |
PROPERTY TAXES
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Listing ID: 5741552
Date on Market: 2/3/2017
Last Updated:
Address: 2505 Scaroni Rd, Calexico, CA 92231
The Retail Property at 2505 Scaroni Rd, Calexico, CA 92231 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.