1302-1310 9th St - Storefront FOR SALE


Modesto, CA 95354- Downtown Modesto
$1,787,000 USD
209-345-8209
1302-1310 9th St, Modesto, CA for Sale
$1,787,000 USD
Storefront - FOR SALE
1/13
null | 7% Cap Rate

1302-1310 9th St
Modesto, CA 95354
Downtown Modesto


HIGHLIGHTS

  • Credit Tenant Sale-Leaseback
  • 5 year lease: $13,000 per Month. Tenant responsible for all maintenance
  • Tenant established in 1998 with 8+ million in annual sales

OVERVIEW

]Excellent Sale Leaseback Investment! Nearly Zero Landlord Maintenance! 7% Cap Rate! Subject property is occupied by Fresh Ideas Flower Company, the region's largest wholesale and retail flower bouquet company. In business since 1998, the tenant generates annual sales over $8M, wholesales flowers to grocery stores throughout the region, and operates a retail flower shop and delivery services. Fresh Ideas maintains a weekly delivery footprint stretching from Redding to Reno and Sacramento to Bakersfield — a well-established, financially strong operator providing a secure, long-term income stream. Under the lease, the Tenant is responsible for all property maintenance, including roof and HVAC, minimizing landlord obligations and making this a truly passive, low-management investment. The property is offered with a new a five year lease at $13,000 per month starting rent and 3% annual increases, providing an investor with immediate, stable income from day one. Property features a 12,000 SF commercial building, on a 13,939 SF corner lot and offers a rare combination of office, retail, refrigerated cold storage, and open warehouse space under one roof. This property presents a versatile asset with broad appeal across food distribution, cold storage, light industrial, and service industry users. Interior highlights include a 5,000 SF open warehouse (50'×100'), a 1,500 SF 40° chiller room, a walk-in refrigerator, large office and retail areas, a remodeled restroom, and a breakroom with kitchenette. Please see brochure for more information. Property could be sold to an owner-user if preferred.

FOR SALE DETAILS

PRICE

$1,787,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,938 SF

ZONING

CM

APN/PARCEL ID

105-45-11

ASK ABOUT THIS PROPERTY

Jordan AmarantPMZ CommercialMore Info
209-345-8209

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Jordan AmarantPMZ CommercialMore Info
209-345-8209

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