3009 Dogwood Rd El Centro, CA 92243-9160
- Retail space
- 1.39 lot acres
Jan 26, 2022
Current Use by Public Records
- STIIIZY El Centro / Cannabis Store
Property Details for 3009 Dogwood Rd
- Lot size
- 1.39 lot acres
- Property type
- Retail space
- APN
- 054-530-063-000
- APU
- 54530063000
Description
This exceptional investment opportunity presents a fee-simple interest in a 12,000-square-foot STIIIZY cannabis dispensary in El Centro, CA. The property boasts a strong corporate guarantee and an absolute NNN lease with a remaining term of 9.1 years, featuring 2.75% annual rent escalations. The current NOI is $365,952, yielding an 8.25% cap rate. Situated on a 1.39-acre lot with 57 parking spaces, the property enjoys a prime location as an outparcel to the Imperial Valley Mall, benefiting from high visibility on South Dogwood Road (12,800+ vehicles per day) and proximity to Interstate 8 (35,000+ vehicles per day). The surrounding area includes numerous national retailers, hotels, and educational institutions such as Imperial Valley College and university extension campuses. Built in 2008, this single-story building offers a secure, passive investment with significant upside potential due to the built-in rent increases and the tenant's strong financial standing. The lease includes two 5-year renewal options, extending the investment horizon. The property's APN is 054-530-063. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset in a thriving market. The asking price is $4,435,776, representing a price per square foot of $369.65.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,940,000
- ML approach
- $1,825,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- El Centro
- County
- Imperial
- State
- California
- Longitude
- -115.533
- Latitude
- 32.766
- CBSA code
- 20940
- CBSA name
- EL CENTRO, CA METROPOLITAN STATISTICAL AREA
