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1840 M Street, Merced, CA

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1840 M Street

Merced, CA 95340-4714 - Downtown Merced Ret Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:-
Building Size:7,413 SF Land Area:.86 AC (37,453 SF)
For Sale Price:$2,900,000 Price/SF:$391.20
Cap Rate:5.24 %
Parking:Free Surface spaces are available; Ratio of 3.25/1,000 SF
Features:Pylon Sign, Signalized Intersection

Sale Notes:
Equity Investment Advisors is pleased to offer for sale a 10-year absolute NNN leased investment with 1.5% annual rental increases. The property is leased to Citibank N.A., a wholly owned subsidiary of Citigroup (NYSE: C), the fourth largest bank holding company in the United States.

The property is situated on a hard corner at the signalized intersection of M Street and West Nineteenth Street, an intersection trafficked by 26,000 vehicles per day.

The asset is well-located within Merced's primary business district amid a healthy mix of retail, office, and residential properties. Merced's population and average household income within a 3-mile radius exceeds 84,000 and $55,000, respectively.

Download attached offering memorandum for addition information.

Equity Investment Advisors
Rich Lydon
(310) 584-4540

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