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29817636
29817635

3908 Mitchell Rd, Ceres, CA 95307 For Sale

DQ
CA CA 01853323
PMZ Commercial
JB
CA CA 01905264
PMZ Commercial
Listed by PMZ Commercial
$3,500,000
150 days on market
Updated 44 days ago
Opportunity zone

NNN Leased Farmer Boys Drive Thru Restaurant Sale Leaseback

Details
APN 069-023-043
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,000
Net Rentable (SqFt) 3,000
Units 1
Cap Rate 6.17%
NOI $216,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Price per SqFt $1,167
Broker Co-Op Yes
Year Built 2008
Buildings 1
Stories 1
Acreage 0.497
Investment Type Net Lease
Sale Condition Sale for leaseback

Retail | 6.17% CAP | 3,000 SqFt

Marketing description

PMZ Commercial Real Estate is pleased to present the exclusive opportunity to acquire a ±3,000 square foot, freestanding retail asset with drive-thru, leased to a Farmer Boys franchisee. The property is strategically located in Ceres, California, offering immediate access to Highway 99 and strong frontage along Mitchell Road near the intersection of Mitchell Road and Service Road, which benefits from traffic counts exceeding 25,000 vehicles per day.

The asset is ideally situated at the entrance to an ARCO gas station and car wash and directly across from a dominant regional retail corridor featuring nationally recognized brands such as Super Walmart, Starbucks, In-N-Out Burger, Popeyes, Panda Express, Chipotle, Quick Quack Car Wash, and Tractor Supply. The surrounding tenant mix and high-traffic location provide excellent consumer draw and long-term site viability.

This offering represents an opportunity to acquire a well-maintained, pride-of-ownership retail property secured by an established franchisee tenant with a long-term lease commitment, providing stable cash flow and attractive investment fundamentals.

Across the street from the Ceres Gateway Center, with notable tenants including a Walmart Supercenter, Tractor Supply, In-N-Out Burger, and others

Brand new 20-year lease

Operated by top performing Farmer Boys Franchisee

Strong brand, with over 100 locations throughout the U.S.

Mitchell Rd location with approximately 27,975 ADT

Immediate freeway access

Nearby National retailers

High demand QSR

Built in 2008

Investment highlights

20-Year Absolute NNN lease (no landlord responsibilities)

Located along dominant regional retail corridor featuring nationally recognized brands

Neighboring retailers include Super Walmart, Starbucks, In-N-Out Burger, Popeyes, Panda Express, Chipotle, Quick Quack Car Wash, and Tractor Supply.

Traffic counts exceed25,000 vehicles per day.

Immediate access to highway 99

Listing Contacts

DQ
CA CA 01853323
PMZ Commercial
JB
CA CA 01905264
PMZ Commercial
Listed by PMZ Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,000.00
$18,000.00/mo

Valuation Metrics

0
DSCR
6.17%
Cap Rate
6.17%
ROI

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Additional Information

Name
David Quinonez
License
CA 01853323
Brokerage
PMZ Commercial Real Estate
Title
Real Estate Broker
Name
Josh Bower
License
CA 01905264
Brokerage Phone
2099888428
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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