1300 McHenry Ave - Restaurant FOR SALE


Modesto, CA 95350- Northwest Modesto
$4,300,000 USD
209-988-8428
1300 McHenry Ave, Modesto, CA for Sale
$4,300,000 USD
Restaurant - FOR SALE
1/18
null | 5.58% Cap Rate

1300 McHenry Ave
Modesto, CA 95350
Northwest Modesto


HIGHLIGHTS

  • 35,337 ADT
  • FREE STANDING BUILDING
  • SALE LEASE BACK

OVERVIEW

NNN LEASED INVESTMENT (Sale/Leaseback) FREE STANDING RESTAURANT AND BAR ON MODESTO'S MAIN COMMERCIAL CORRIDOR 10,843 SF RESTAURANT 35,337 ADT SELLER/TENANT WILL SIGN NEW LONG TERM LEASE TO START AT CLOSE OF ESCROW CURRENTLY OPERATED AS MARISCOS LA CEIBA (Mexican seafood restaurant and live music) IN ADDITION TO 28 PARKING SPACES IT ALSO HAS RECIPROCAL PARKING AND ACCESS AGREEMENTS WITH TWO ADJACENT PARCELS (STARBUCKS AND DAYS IN HOTEL BY WYNDHAM) National retailers in the trade area include: Starbucks, Pep Boys, Chevron, Days Inn by Wyndham hotel, Wendy's, Sonic, Denny's, Ramada by Wyndham hotel, Dutch Brothers Coffee, Walgreen's, Sprouts, CVS, Rite Aid, Togo's, Ike's sandwiches, Panera, Chipotle, Habit Burger, Jersey Mikes, Safeway, Jack in the Box, McDonald's, US Bank and others.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

5.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,855 SF

ZONING

C-2 Modesto

APN/PARCEL ID

031-11-56

ASK ABOUT THIS PROPERTY

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209-988-8428

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Josh BowerPMZ CommercialMore Info
209-988-8428

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