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603 E Danenberg Drive, El Centro, CA 92243

Commercial property

603 E Danenberg Drive, El Centro, CA 92243 Sold May 2023 CRMLS
$1,840,000Sold May 2023

Listing Agent: Tony Morrison (DRE #01346460) · Listing Office: Lantern Bay Realty · Contact: 949-661-6441 · Bought with: Tony Morrison · Lantern Bay Realty · MLS #OC23090760 · Source: CRMLS

9,865
Building Sq Ft
6.65%
Cap Rate
$122,425
NOI
55,321 sqft
Lot Size
Commercial property
Type

About this commercial property

National Tenancy – Quick Lane Tire & Auto Center provides expert auto maintenance for any brand of car, truck or SUV at each of its 800 locations nationwide and is a subsidiary of Ford Motor Company. Brand New STNL Lease with Built in Increases – Quick Lane Tire & Auto recently signed a 15-year NNN lease with two 5-year options to extend. Furthermore, this site has undergone extensive renovations since Quick Lane signed its lease in December 2021. This site is a featured outparcel to the Imperial Valley Mall, a major point of destination for over 176,000 residents in the El Centro area as well as the 4.6 million visitors that traveled through the Calexico West Point of Entry in 2021. The Imperial Valley Mall boasts national credit tenants like JC Penney, Dillard’s, Macy’s, Cinemark, Bath & Body Works, Famous Dave’s BBQ, Chili’s, Forever 21, Victoria’s Secret, Chuck E Cheese and others. High Traffic, High Visibility – Quick Lane Tire & Auto Center sits on one of the major retail areas in El Centro off of E Danenberg Dr and S Dogwood Rd (±19,793 CPD) and is easily accessible from the Kumeyaay Hwy/Interstate 8 (±35,500 CPD) less than half a mile north from the property.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$1,840,000
Sold May 2023 · on market May 2023 · MLS #OC23090760 · Source: CRMLS
Listing Agent: Tony Morrison · Listing Office: Lantern Bay Realty · Contact: 949-661-6441 · Bought with: Tony Morrison · Lantern Bay Realty
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