1802 Imperial Ave, El Centro, CA 92243

This exceptional value-add opportunity presents a 62,106 square foot multi-tenant shopping center in El Centro, CA. Boasting 100% occupancy with twelve tenants, including national retailers like Harbor Freight Tools, Boot Barn, Sally Beauty Supply, and Ace Cash Express, the property generates a strong NOI of $814,083, representing a 7.00% cap rate at an asking price of $11,630,000 ($187.26/sq ft). Built in 1986, the center benefits from a dominant location within a larger 210,726 square foot complex on 20 acres, shadow anchored by a high-performing Cardenas Market and Planet Fitness. Its prime position along Imperial Avenue (Highway 86), a major North/South artery with 27,483 daily vehicles, provides excellent visibility and accessibility. The surrounding area features over 1 million square feet of retail space, including major national retailers like Walmart, Costco, and Target. El Centro, the county seat, offers a strong demographic profile with a population of 70,591 within a 5-mile radius and an average household income of $76,373. Significant value-add potential exists through lease renegotiations on several below-market spaces, including a 5,000 square foot pad building currently leased at $1.20/SF/month NNN, with market rents ranging from $2.25 to $2.50/SF/month NNN. Six additional suites ranging from 1,000 to 2,800 square feet also present opportunities for rental increases, currently 25-45% below market rates. The property's APN is 064-470-088, 064-470-089, 064-470-083, 064-470-082, 064-470-090, 064-470-081.