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Freestanding Rite Aid 1501 W Main St 20,208 SF Retail Building El Centro, CA 92243 For Sale
INVESTMENT HIGHLIGHTS
- Freestanding Retail Building at Prime Intersection
- Central, High-Traffic Location in the Trade Area
- Anchor Tenant Building in 300,000+ SF Center
EXECUTIVE SUMMARY
Prime, High-Traffic Intersection
• The property is situated at one of the major intersections in the City - Imperial Avenue and Main Street - with combined traffic counts of approx. 45,000 cars per day.
• Building has excellent visibility and unmatched pylon signage providing outstanding exposure along the street.
Value-Add Investment or Owner/User Opportunity
• With Rite Aid in currently bankruptcy, the property presents a potential opportunity for a value-add investor looking to re-tenant the building, or alternatively an owner/user looking to occupy the building for their own business.
• Rite Aid plans to vacate the property on June 30, 2025.
Anchor Building in Large Shopping Center
• The Property is part of the Valley Plaza, a 300,000+ SF community center situated on 25+ acres with a synergistic mix of retail and office uses.
• Other tenants in the center include: Grocery Outlet, Starbucks, 4:13 Fitness, Skechers, Imperial Irrigation District, and many other restaurants, retailers, and office users.
Central, Convenient Location in the Heart of Imperial County
• The center is very well located in the center of Imperial County and surrounded by local government offices, single-family residential, apartments, and schools.
• The property is also located along Imperial Avenue, the main commercial arterial in the County with a wide variety of retail and restaurant uses. Additionally, the El Centro hospital is located just a mile south of the property.
• The property is situated at one of the major intersections in the City - Imperial Avenue and Main Street - with combined traffic counts of approx. 45,000 cars per day.
• Building has excellent visibility and unmatched pylon signage providing outstanding exposure along the street.
Value-Add Investment or Owner/User Opportunity
• With Rite Aid in currently bankruptcy, the property presents a potential opportunity for a value-add investor looking to re-tenant the building, or alternatively an owner/user looking to occupy the building for their own business.
• Rite Aid plans to vacate the property on June 30, 2025.
Anchor Building in Large Shopping Center
• The Property is part of the Valley Plaza, a 300,000+ SF community center situated on 25+ acres with a synergistic mix of retail and office uses.
• Other tenants in the center include: Grocery Outlet, Starbucks, 4:13 Fitness, Skechers, Imperial Irrigation District, and many other restaurants, retailers, and office users.
Central, Convenient Location in the Heart of Imperial County
• The center is very well located in the center of Imperial County and surrounded by local government offices, single-family residential, apartments, and schools.
• The property is also located along Imperial Avenue, the main commercial arterial in the County with a wide variety of retail and restaurant uses. Additionally, the El Centro hospital is located just a mile south of the property.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
20,208 SF
Building Class
B
Year Built/Renovated
1965/2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.64
Lot Size
0.72 AC
Zoning
CG - General Commercial
Frontage
1,293’ on W Main St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Rite Aid Corporation is on the front lines of delivering health care services and retail products to over one million Americans daily. Their pharmacists are uniquely positioned to engage with customers and improve their health outcomes. Rite Aid Corporation provides an array of whole being health products and services for the entire family through their retail pharmacy locations across the United States.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Freestanding former Rite Aid building available for lease.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 20,208 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 20,208 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 20,208 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Freestanding former Rite Aid building available for lease.
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 052-070-075-000 | Improvements Assessment | $1,386,681 |
| Land Assessment | $748,602 | Total Assessment | $2,135,283 |
PROPERTY TAXES
Parcel Number
052-070-075-000
Land Assessment
$748,602
Improvements Assessment
$1,386,681
Total Assessment
$2,135,283
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Freestanding Rite Aid | 1501 W Main St
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