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2421 Cottonwood Dr
El Centro, CA 92243
Applebee's · Retail Property For Sale
Investment Highlights
- 22+ years of occupancy demonstrates exceptional site strength and tenant commitment
- Sub-6% rent-to-sales ratio reflecting outstanding unit-level store performance
- 10% rent increases at each of four five-year renewal options for built-in growth
- Absolute NNN lease with zero landlord responsibilities and passive income structure
- Traffic counts exceeding 22,000 vehicles per day along primary commercial corridor
- Outparcel to Food 4 Less and Dollar Tree anchored center with strong daily traffic
Executive Summary
Broker Of Record
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,663 SF
Building Class
C
Year Built
2004
Price
$2,711,860 CAD
Price Per SF
$581.57 CAD
Cap Rate
7.75%
NOI
$210,242 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.13 AC
Parking
55 Spaces (11.79 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 064-443-002-000 | Improvements Assessment | $2,643,271 CAD |
| Land Assessment | $1,187,548 CAD | Total Assessment | $3,830,819 CAD |
Property Taxes
Parcel Number
064-443-002-000
Land Assessment
$1,187,548 CAD
Improvements Assessment
$2,643,271 CAD
Total Assessment
$3,830,819 CAD
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