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1498 Adams Ave 3,116 SF Retail Building El Centro, CA 92243 $3,322,745 CAD ($1,066.35 CAD/SF) 5% Cap Rate
Investment Highlights
- Carl’s Jr. has just committed to a brand-new ten (10)-year lease extension, providing investors with long-term income stability.
- The property is secured by a NNN lease, with the tenant responsible for taxes, insurance, and maintenance.
- The lease features ten percent (10%) rent increases every five (5) years, providing predictable income growth and a hedge against inflation.
- Carl’s Jr. has successfully operated at the subject property for over 35 years, underscoring the strength of the location.
- Situated on approximately 38,583 square feet (±0.89 acres) of land, the asset offers a low building-to-land ratio and ample parking.
- Located at the signalized intersection of Adams Avenue and Imperial Avenue, the property benefits from strong visibility and exposure.
Executive Summary
Brand-New 10-Year Extension
NNN Lease
Established 35+ Year Operating History
NNN Lease
Established 35+ Year Operating History
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,116 SF
Building Class
C
Year Built
1984
Price
$3,322,745 CAD
Price Per SF
$1,066.35 CAD
Cap Rate
5%
NOI
$166,228 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.89 AC
Zoning
HID - (High-Intensity District)
Parking
37 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Security System
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 044-392-021-000 | Improvements Assessment | $2,401,939 CAD |
| Land Assessment | $600,480 CAD | Total Assessment | $3,002,419 CAD |
Property Taxes
Parcel Number
044-392-021-000
Land Assessment
$600,480 CAD
Improvements Assessment
$2,401,939 CAD
Total Assessment
$3,002,419 CAD
Contacts
-
Patrick Wade -
Jack Webber -
Alex Kozakov -
Matthew Greenberg -
Bo Henderson -
Nick Solomon -
Vivian Tran -
CBRE, Inc.
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1498 Adams Ave
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