Listed by PMZ Commercial
$4,000,000
1300 McHenry Avenue
Details
APN 031-011-056
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 10,843
Cap Rate 6.00%
NOI $240,000
Price per SqFt $369
Year Built 1968
Year Renovated 2009
Acreage 0.450
Zoning C-2 General Commercial
Parking Spaces 28 spaces
Parking per 1,000 SqFt 2.58
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback
Retail | 6.00% CAP | 10,843 SqFt
Marketing description
For Sale
Investment highlights
- Sale/leaseback
- Currently operating as mariscos la ceiba (mexican seafood restaurant and live music)
- 28 parking spaces on site plus adjacent reciprocal parking and access with new starbucks and days inn by wyndam hotel.
- Hard to find restaurant on mchenry ave which is modesto's busiest retail corridor.
- National retailers in the trade area include: starbucks, pep boys, chevron, days inn by wyndham hotel, wendy's, sonic, denny's, ramada by wyndham hotel, dutch brothers coffee, walgreen's, sprouts, cvs, rite aid, togo's, ike's sandwiches, panera, chipotle, habit burger, jersey mikes, safeway, jack in the box, mcdonald's, us bank and others.
- Recent tenant improvements and bar updated in 2024.
- Parcel size 0.4558 ac (19,855 sf)
- Construction type wood frame
Listing Contacts
Listed by PMZ Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,000.00
$20,000.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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