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30887309
30887310

1435 V St, Merced, CA 95340 For Sale

SD
CA 02251769
Matthews
CO
CA 01985082
Matthews
Listed by Matthews
$2,752,000
129 days on market
Updated 26 days ago
Opportunity zone

Black Bear Diner

Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,751
Cap Rate 5.3%
NOI $145,860
Lease Expiration 07/31/2031
Remaining Term 5
Price per SqFt $579
Year Built 1998
Year Renovated 2012
Acreage 1.200

Absolute NNN Black Bear Diner – Passive Net Lease in Growing Merced, CA

Investment highlights

  • Established and Expanding Regional Tenant: Black Bear Diner is a growing full-service family dining concept with 160+ locations across 14 states and an active expansion pipeline throughout Sun Belt markets, where the brand has identified long-term potential for 50+ additional locations.

  • Prime Visibility in High-Traffic Market: Located near the intersection of Golden State Highway (CA-99) and V Street, two major traffic arteries carrying approximately 56,000 and 23,000 vehicles per day, respectively, and serving roughly 117,000 residents within a five-mile radius.

  • Co-Tenants & Retail Synergy: The property sits within a strong retail and automotive corridor adjacent to a multi-brand dealership campus featuring Ford, Toyota, Honda, Chrysler, Jeep, Nissan, and Dodge, directly across from Costco and near Home Depot and Motel 6, with the Marketplace Shopping Center located approximately two miles away alongside national retailers including Target, Lowe’s, and PetSmart.

  • Central Valley Growth Market with Institutional Drivers: Merced ranks among the fastest-growing cities in California, supported by strong population growth, relative housing affordability, and the continued expansion of UC Merced, which generates over $1 billion annually in regional economic impact, further complemented by infrastructure investment, Downtown Merced revitalization, and ongoing residential development driving long-term economic momentum.

  • Absolute NNN Lease — Fully Passive Ownership: Black Bear Diner is responsible for all expenses including taxes, insurance, CAM, roof, and structure—offering a truly passive, hassle-free investment.

    Broker:
    David Harrington

    Matthews Real Estate Investment Services, Inc

    License # 02168060, 01320460 (CA)

    2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245

    (866) 889-0550

Listing Contacts

SD
CA 02251769
Matthews
CO
CA 01985082
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,860.00
$12,155.00/mo

Valuation Metrics

0
DSCR
5.3%
Cap Rate
5.3%
ROI

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Additional Information

Name
David Harrington
License
02168060, 01320460 (CA)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
Name
Sanil Doshi
License
02251769
Brokerage
Matthews Real Estate Investment Services
Brokerage Phone
9496172151
Title
Associate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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