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STIIIZY 3009 S Dogwood Rd

12,155 SF Retail Building El Centro, CA 92243 £3,499,827 (£288/SF) 8.25% Net Initial Yield

Investment Highlights

  • Absolute NNN Lease with Attractive Annual Rent Increases
  • Located Along Primary Retail Corridor & Outparcel to the Imperial Valley Mall
  • Well Positioned on South Dogwood Road & East Danenberg Drive
  • Strong Guarantor & Largest Retail Operator in the State
  • Proximity to Imperial Valley College & Extended Campuses of San Diego State University and the University of Phoenix
  • Close Proximity to Highway Systems | Near Naval Air Facility El Centro

Executive Summary

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee-simple ownership interest in the Stiiizy cannabis dispensary property located in El Centro, California (“the Property”). Stiiizy is operating under an absolute NNN lease with zero landlord responsibilities whatsoever, offering a truly passive investment asset. The lease also features 2.75% annual rent escalations throughout the base term and option periods, providing investors with a boost to overall cash flows and a significant hedge against inflation. See Lease Abstract for full details.
The Property is located within the city of El Centro, California, and is strategically positioned along South Dogwood Road (12,800+ VPD), providing the real estate with excellent exposure and visibility. The Property is located less than one mile south from the on/off ramps of Interstate 8, which sees over 35,000+ vehicles per day. The Property sits in an incredibly dense retail corridor as an outparcel to the Imperial Valley Mall. The shopping mall is home to Dillard's, JCPenney, and Macy's, and features more than 100 specialty shops, dining options and entertainment. Additionally, there are many other surrounding national retailers such as Marshalls, ROSS, Michael's, Ulta, Dollar Tree and Kohl's, plus multiple nationally branded hotels. El Centro is home to the Naval Air Facility El Centro, a pivotal support base for Naval Aviation Squadrons and stands as the esteemed winter home for the renowned US Navy Flight Demonstration Squadron, the Blue Angels.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,155 SF
Building Class
B
Year Built
2008
Price
£3,499,827
Price Per SF
£288
Net Initial Yield
8.25%
NOI
£288,736
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
1.39 AC
Opportunity Zone
Yes
Zoning
CG
Parking
57 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
338 ft on Salem Way

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
054-530-063-000
Land Assessment
£682,132
Improvements Assessment
£1,007,906
Total Assessment
£1,690,038
  • Listing ID: 30757359

  • Date on Market: 24/01/2024

  • Last Updated:

  • Address: 3009 S Dogwood Rd, El Centro, CA 92243

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