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32930876
32930877

3225 McHenry Avenue, Modesto, CA 95350 For Sale

NH
CA CA 02118006
Matthews
Listed by Matthews
$1,900,000
56 days on market
Updated 29 days ago

7-Eleven | 7.5+ Years Remaining | 80th Percentile Nationally

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 3,000
Net Rentable (SqFt) 3,000
Cap Rate 4.69%
NOI $89,100
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+4)
Lease Type NNN
Lease Expiration 12/31/2033
Remaining Term 7.5
Rent Bumps Yes
Lease Options 3, 5 year
Year Built 2013
Acreage 0.320
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

Fee Simple | NNN

Investment highlights

• High Foot Traffic : Ranks in the 80th percentile nationally and in the 77th percentile in the state. (Alpha Maps).

• Early Option Renewal: 7-Eleven exercised their 5 year option early, showing a strong commitment to the location.

• Proven Location: 7-Eleven has successfully operated at this location for 12+ years.

• Hedge Against Inflation: 10% rental increases every 5 years.

• Hard Signalized Corner: Enhancing accessibility and customer flow from surrounding residential neighborhoods and commercial areas.

• High Traffic Volume and Visibility: McHenry Avenue is one of Modesto's busiest thoroughfares, with approximately 37,000+ in average daily traffic counts, ensuring excellent exposure for a convenience store.

• Competitive Pricing & Accessibility: The acquisition price remains modest compared to many single-tenant net lease 7-Eleven investments.

• Cheap Rent: The current rent is below average compared to 7-Eleven's nationally, providing additional security of 7-Eleven's long-term viability at this location.

• Easy Access: multiple points of access are located on both streets.

• Open 24/7: Configured to support continuous, around-the-clock operations, providing flexibility for users requiring uninterrupted access.

• Main Retail Corridor: Nearby tenants include, Target, Walmart Super Center,

Barnes & Noble, Dutch Bros, Wells Fargo, Bank of America, Marshalls,

Sherwin Willaims, Verizon, PNC Bank, Cit Bank, Carls Jr., Hobby Lobby,

Chase Bank, Dollar Tree, Burlington, Safeway, Habit Burger & Grill,

Starbucks, CVS, Orangetheory Fitness, McHenry Village Shopping Center,

Guitar Center, Ross, AutoZone and much more.

• Top-Rated Tenant: 7-Eleven has investment-grade credit, rated ‘A-’ by

Standard and Poor’s.

• Iconic Brand: 85,000+ Locations Worldwide, 13,000+ in the United States

and Canada.

• Dense Infill Market: Approximately 128,000+ residents within 3 miles

and 256,000+ residents within 5 miles.

• Growing Population and Demographics: Annual growth rate of

0.53%, supported by job creation outpacing population expansion.

• Robust Local Economy and Job Growth: Modesto's economy is

anchored by manufacturing, agriculture and emerging circular economy

initiatives. The area's proximity to the Bay Area (about 90 minutes away)

attracts commuters, while local unemployment remains low and

industries like logistics and food processing provide steady

employment. This economic stability supports consistent demand for

convenience retail, with potential for growth in consumer spending as

the population expands.

Listing Contacts

NH
CA CA 02118006
Matthews
Listed by Matthews

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,100.00
$7,425.00/mo

Valuation Metrics

0
DSCR
4.69%
Cap Rate
4.69%
ROI

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Additional Information

Name
David Harrington
License
01320460, 02168060 (CA)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
Name
Nick Hahn
License
CA 02118006
Brokerage Phone
9496622267
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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