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522-550 N Imperial Ave
El Centro, CA 92243

Dollar General Market and Jo-Ann Fabrics · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
36,214 SF
Building Class
C
Year Built/Renovated
1978/2013
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
3.33 AC
Zoning
CG
Parking
250 Spaces (8.93 Spaces per 1,000 SF Leased)
Frontage
656 FT on N Imperial Ave

Amenities

  • Pylon Sign
  • Signalized Intersection

About 522-550 N Imperial Ave , El Centro, CA 92243

INVESTMENT HIGHLIGHTS • Corporate Tenancy – 100% leased to two national credit/brand name tenants in Dollar General and Jo-Ann Fabrics with corporate leases » Dollar General, (NYSE: DG) is the nation’s largest, small-box discount retailer, has a market capitalization of $29 billion, revenue of $24 billion, with over 15,000 stores and 130,000 employees, and a S&P credit rating of BBB » Jo-Ann Fabrics is the nation’s largest specialty retailer of fabrics and crafts with over 850 locations and 23,000 employees • New Grocery Shadow Anchor – Smart & Final Extra! just opened adjacent to the property, increasing synergy amongst the tenants and proving the viability of this retail location • Below Replacement Cost – At $142 PSF, the property will trade below land-inclusive replacement cost estimated to be $265 PSF • Rent Upside Opportunity – Jo-Ann Fabric’s low in-place rent at $1.01 PSF/month gross (approximately 25% below market) presents a future rental upside opportunity for this space through increasing rent and reimbursement of expenses • High-Quality Improvements/Renovations – Extensive renovations and additions were completed in 2013 • Located in Dominant Retail Trade Area – The property is ideally located with a top tier line up of surrounding tenants including: Smart & Final Extra!, Costco, Target, Vons, Cardenas, Food 4 Less, Lowe’s, Walgreens, Planet Fitness, Ross Dress for Less, PetSmart, McDonald’s, Carl’s Jr., and many others

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
064-570-022-000
Land Assessment
$1,056,006
Improvements Assessment
$2,949,534
Total Assessment
$4,005,540
  • Listing ID: 13808349

  • Date on Market: 9/17/2018

  • Last Updated:

  • Address: 522-550 N Imperial Ave, El Centro, CA 92243

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