Listed by CBRE LA
$4,563,429
3120 McHenry Ave, Modesto, CA 95350
Details
APN 013-014-002-000
Property Type Retail
Sub Type Auto Dealership
Square Footage 15,060
Net Rentable (SqFt) 15,060
Units 1
Cap Rate 5.25%
NOI $239,580
Occupancy 100%
Tenancy Single
Brand/Tenant Drive Time
Lease Type NNN
Lease Expiration 03/31/2027
Price per SqFt $303
Broker Co-Op Yes
Year Built 1966
Buildings 1
Stories 1
Acreage 2.120
Tenant Credit Corporate Guarantee
Lease Commencement 12/13/2021
Ground Lease No
100% Leased Retail | NNN | 5.25% CAP | 15,060 SF
Marketing description
The property is in Modesto, CA located just off Highway 99 in the Central San Joaquin Valley in Stanislaus County. This growing city is the largest in the county and is located 68 miles south of Sacramento and 90 miles north of Fresno. Modesto has a population of approximately 223,654 and a total area of 43 square miles.
Surrounded by rich farmland and orchards, Stanislaus County ranks sixth among California counties in farm production with milk, almonds, chickens, walnuts, and corn silage leading the way. Combined with livestock, agriculture in Stanislaus County can gross around $3 billion a year.
Modesto is 40 miles north of Merced, 92 miles east of San Francisco, 66 miles west of Yosemite National Park, and 24 miles south of Stockton.
Listing Contacts
Listed by CBRE LA
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$239,580.00
$19,965.00/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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