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603 E Danenberg DR El Centro, CA 92243
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Key Details
Sold Price $1,840,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23090760
Sold Date 05/24/23
HOA Y/N No
Annual Tax Amount $20,240
Tax Year 2023
Lot Size 1.270 Acres
Property Description
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.
Location
State CA
County Imperial
Area Elcn - El Centro
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Flat
Total Parking Spaces 49
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 054530024000
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Tony Morrison • Lantern Bay Realty