For Sale
$5,000,000

1950 4Th StEl Centro, CA 92243

Retail investment, high cap rate, strong tenants

Overview

Added:
Dec 11, 2024
Days on market:
114
This 19,377 square foot shopping center in El Centro, CA, offers a compelling investment opportunity. Located on a 2.19-acre lot at 1950 S 4th St, it benefits from a prime location on a major thoroughfare connecting California and Mexico, near freeway 8. The property features a diverse mix of six tenants, anchored by Sherwin-Williams and McDonald's, with additional tenants including La Fonda Mexican restaurant and NAMI San Diego. The center boasts 87 parking spaces and underwent renovations in 2023. The current net lease generates an NOI of $401,544, representing an 8.03% cap rate. Leases commenced September 15, 1990, and expire September 30, 2028. A significant value-add opportunity exists with an adjacent 25,000 square foot vacant lot, presenting potential for future development. The property's asking price is $5,000,000, with a price per square foot of $258.04 and a land value price per square foot of $61.85. The property consists of nine units across one story. The APN is 053-564-095-000.

Highlights

  • $5,000,000 asking price for a 19,377 SF net-leased shopping center in El Centro, CA.
  • 8.03% cap rate with a $401,544 NOI.
  • Strong anchor tenants include Sherwin-Williams and McDonald's.
  • Diverse tenant mix with six tenants total, including La Fonda Mexican restaurant and NAMI San Diego.
  • Significant value-add opportunity with approximately 25,000 SF of vacant land.

Property Details for 1950 4Th St

Property type
Lifestyle centers, Power centers
Square Feet
19,377 SF
Year Renovated
2023
Stories
1
Lot Size (sq. ft)
95,396 SF
Units
9

Location Insight

City
El Centro
County
Imperial
State
California
Latitude
32.777171701047
Longitude
-115.55308839447
1950 4Th St, El Centro, California

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1950 4Th St
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