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34288862
34288860

37303 AVE 12, Madera, CA 93636 For Sale

Mueller Commercial
Century 21 Select Real Estate - Ag & Ranch
Listed by Mueller Commercial, Century 21 Select Real Estate - Ag & Ranch
$2,300,000
8 days on market
Updated 8 days ago

37303 AVE 12

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,026
Cap Rate 6.00%
NOI $139,056
Tenancy Single
Lease Type NNN
Lease Term 8
Lease Expiration 02/27/2030
Lease Options 3X5 Years
Price per SqFt $255
Acreage 1.010
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/21/2015

Retail | 6.00% CAP | 9,026 SqFt

Marketing description

Dollar General Corporation is the largest discount retailer in the U.S. by number of stores with over 15,836 stores in 44 states. Limited competition with the nearest Dollar Store approximately 15 miles away. There are only two other smaller markets in the area providing residents with their groceries and everyday needs. Situated just 5 minutes from Independence Continuation High, Liberty High School, Ranchos Middle School, and Webster Elementary Schools which serve over 2,000 students, faculty, and staff. Residents within a 5-mile radius are making an average household income of over $105,053. Located less than 20 minutes from Downtown Fresno and the Fresno Yosemite International Airport, Fresno has a population of over 527,438 people and is the 5th most populous City in California. Madera is a principal City of the Madera-Chowchilla Metropolitan Statistical area, which encompasses all of Madera County and Metropolitan Fresno; it is in California's San Joaquin Valley and is the 3rd largest metropolitan region in Northern California. Nearby tenants include U-Haul, Napa Auto Parts, National Petroleum, Pizza Factory, Ranchos Café, El Rinconcito Mexican Grill, Subway and State Foods Supermarket.

This multi-tenant retail building consists of 7 tenants that occupy +/-10,500 SF that sits on +/-1.26 Acres of light commercial zoned land. On the left flank of the building is a restaurant with a patio and on the opposite end is Domino's Pizza. In between the restaurants are 5 retail tenants that consist of nail, hair, aesthetics, tanning, and seamstress. These complimenting business support each other well and offer a more cost effective option than the Pavilions shopping center located on the opposite side of the street. This stabilized asset's largest tenant is KB nails while its most famous is Domino's Pizza. This building offers monument signage on Fair Oaks Blvd. to the left of McDonalds which is positioned next to the cross walk connecting the Pavilions to this center.

Investment highlights


Listing Contacts

Mueller Commercial
Century 21 Select Real Estate - Ag & Ranch
Listed by Mueller Commercial, Century 21 Select Real Estate - Ag & Ranch

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$139,056.00
$11,588.00/mo

Valuation Metrics

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DSCR
6.05%
Cap Rate
6.05%
ROI

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