484 State Highway 99
Retail | 7.01% CAP | 2,545 SqFt
Marketing description
This fully leased restaurant investment property offers a rare opportunity to own a high-visibility asset along State Highway 99 in Gridley, CA. Spanning +/- 2,545 SF on a generous 36,590 SF lot, the property is occupied by Casa De Alma Camaron Pelao under a Modified Gross lease through 2027, generating stable rental income with a 7.01% cap rate. With +/- 40 parking spaces and potential for outdoor seating or future development, this location benefits from 16,993 daily traffic counts and a growing local market. Situated less than an hour from Sacramento, this investment provides long-term value in an expanding commercial corridor.
Investment highlights
High-Visibility Location: Positioned directly on State Highway 99 with strong daily traffic exposure.
Stable Rental Income: Fully leased to a well-established restaurant, ensuring consistent cash flow.
Large Lot with Potential: 36,590 SF parcel offers room for outdoor seating or future development.
Ample Parking: +/- 40 spaces for customer accessibility and convenience.
Strong Local Demographics: Average household income of $102,073 within a 1-mile radius.
Expanding Market: Located within a growing commercial corridor, less than an hour from Sacramento.
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