102 Ward Ave - Retail FOR SALE


Patterson, CA 95363
$3,880,000 USD
650-279-5790
102 Ward Ave, Patterson, CA for Sale
$3,880,000 USD
Retail - FOR SALE
1/7
null | 5.75% Cap Rate

102 Ward Ave
Patterson, CA 95363


HIGHLIGHTS

  • 100% leased to experienced franchisees
  • Attractive building design - 2019 construction
  • Abundant on-site parking
  • Situated between a Walgreen's store and a Starbuck's
  • Located down the street from the local high school and elementary school

OVERVIEW

Great opportunity to acquire an attractive 2-tenant retail building that was newly constructed in 2019. This property was designed to accommodate a +/-2,472 sq. ft. Burger King that is equipped with a drive through lane. The remaining +/-3,017 sq. ft. space was leased to Round Table Pizza that reflects the chain's new restaurant design. Both tenants are on triple net (NNN) lease with attractive rent increases every 5 years. This property is located in Stanislaus County, just 27 miles southeast of Tracy and 29 miles southwest of Modesto. Tenant's enjoy this location being situated down the street from the local high school and elementary school. City population reported at 25,868 and growing because this community is luring many commuters seeking lower home prices than those available in the Bay Area metro. Del Puerto Medical Center recently acquired the 17 acre parcel directly behind the subject property and will soon develop a new hospital, senior care facility and medical offices that will draw additional traffic to this area.

FOR SALE DETAILS

PRICE

$3,880,000 USD

PRICE/SF

$707 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King / Round Table Pizza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

GC

APN/PARCEL ID

048-047-016-000

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Steve SauterMarcus & MillichapMore Info
650-279-5790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.