3009 Dogwood RdEl Centro, CA 92243
High-yield STIIIZY NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $4,435,776 asking price for a 12,000 square foot, single-tenant, absolute NNN leased retail property.
- STIIIZY, a major California cannabis retailer, is the corporate-guaranteed tenant.
- The 12-year lease (9.1 years remaining) commenced January 5, 2022, and includes two 5-year renewal options with 2.75% annual rent increases.
- Located in El Centro, CA, on a high-traffic retail corridor, this property is an outparcel to the Imperial Valley Mall and benefits from proximity to major highways and educational institutions.
- The property features 57 parking spaces and a 1.39-acre lot.
- 8.25% cap rate with a current NOI of $365,952 and a price per square foot of $369.65.
Property Details for 3009 Dogwood Rd
- Property type
- Retail properties, Cannabis farms
- Square Feet
- 12,000 SF
- Year Built
- 2008
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 60,548 SF
- Units
- 1
Location Insight
- City
- El Centro
- County
- Imperial
- State
- California
- Latitude
- 32.7658888
- Longitude
- -115.5330441
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