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Cash-Flowing Credit Anchored Retail Center 1950 S 4th St

19,772 SF 100% Leased Retail Building El Centro, CA 92243 £3,950,050 (£200/SF) 8.27% Net Initial Yield

Investment Highlights

  • Mission Center is a neighborhood retail center anchored by Sherwin-Williams on NNN lease terms and shadow anchored by McDonald’s with $379K in NOI.
  • Sherwin-Williams has anchored since 1990, with the latest extension until 2028, and the popular La Fonda restaurant is a stable end-cap tenant.
  • Site spans an entire city block with favorable General Commercial zoning enabling multiple tenant uses.
  • S 4th Street is a primary retail corridor from CA to Mexico with strong national retail synergy nearby, including The Home Depot and 7-Eleven.
  • Center is near Interstate 8, spanning from San Diego to Arizona, with significant traffic counts from 25K to 30K per day.
  • Strong potential for additional income through EV or logistics parking

Executive Summary

- Fully Leased
- Located in a major way from California to Mexico
- Anchored by Sherwin Williams
- McDonald is a shadow anchor store

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
19,772 SF
Building Class
C
Year Built
1990
Price
£3,950,050
Price Per SF
£200
Net Initial Yield
8.27%
NOI
£326,669
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Land Acres
2.19 AC
Zoning
CG - General Commercial
Parking
81 Spaces (4.1 Spaces per 1,000 SF Leased)
Frontage
221 ft on S 4th St

Amenities

  • Pylon Sign
  • Signalised Intersection
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
053-564-095-000
Land Assessment
£768,743
Improvements Assessment
£3,788,888
Total Assessment
£4,557,631
  • Listing ID: 27090912

  • Date on Market: 04/12/2023

  • Last Updated:

  • Address: 1950 S 4th St, El Centro, CA 92243

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