1501 W Main St - Drug Store FOR SALE


El Centro, CA 92243
$2,800,000 USD
619-269-6076
1501 W Main St, El Centro, CA for Sale
$2,800,000 USD
Drug Store - FOR SALE
1/8
null | Request Cap Rate

1501 W Main St
El Centro, CA 92243


HIGHLIGHTS

  • Freestanding Retail Building at Prime Intersection
  • Anchor Tenant Building in 300,000+ SF Center
  • Central, High-Traffic Location in the Trade Area

OVERVIEW

Prime, High-Traffic Intersection • The property is situated at one of the major intersections in the City - Imperial Avenue and Main Street - with combined traffic counts of approx. 45,000 cars per day. • Building has excellent visibility and unmatched pylon signage providing outstanding exposure along the street. Value-Add Investment or Owner/User Opportunity • With Rite Aid in currently bankruptcy, the property presents a potential opportunity for a value-add investor looking to re-tenant the building, or alternatively an owner/user looking to occupy the building for their own business. • Rite Aid plans to vacate the property on June 30, 2025. Anchor Building in Large Shopping Center • The Property is part of the Valley Plaza, a 300,000+ SF community center situated on 25+ acres with a synergistic mix of retail and office uses. • Other tenants in the center include: Grocery Outlet, Starbucks, 4:13 Fitness, Skechers, Imperial Irrigation District, and many other restaurants, retailers, and office users. Central, Convenient Location in the Heart of Imperial County • The center is very well located in the center of Imperial County and surrounded by local government offices, single-family residential, apartments, and schools. • The property is also located along Imperial Avenue, the main commercial arterial in the County with a wide variety of retail and restaurant uses. Additionally, the El Centro hospital is located just a mile south of the property.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Freestanding Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Imperial Ave

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

CG

APN/PARCEL ID

052-070-075-000

ASK ABOUT THIS PROPERTY

Rob BloomDUHS CommercialMore Info
619-269-6076

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Rob BloomDUHS CommercialMore Info
619-269-6076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.