1720 W Olive Ave - Freestanding FOR SALE


Merced, CA 95348
$4,800,000 USD
949-230-1487
1720 W Olive Ave, Merced, CA for Sale
$4,800,000 USD
Freestanding - FOR SALE
1/10
null | 6.67% Cap Rate

1720 W Olive Ave
Merced, CA 95348


HIGHLIGHTS

  • +8 Years Remaining | Corporate Guaranty Mor Furniture | 41 Locations across 7 States | +40-year Operating History
  • Low Replaceable PSF Rent | NNN Leased | Minimal Landlord Responsibilities | Fee Simple
  • High Growth Trade Area | Strong Demographics & Employment Base
  • Pad to Lowe’s Anchored Center | 45,000 VPD Intersection | Excellent Real Estate Fundamentals
  • High Traffic Olive Ave Retail Corridor | Strong Retail Demand by Top National Retailers | Several New Developments Nearby
  • Close Proximity to University of California, Merced (8,654 Students, 1,537 Employees) | Gateway to Yosemite

OVERVIEW

• + 8 years remaining on the initial term with two (5-year) options • 8.50% rental increase in November 2029 as well as FMV increases at the beginning of each option period, increasing NOI and hedging against inflation • Corporate Guaranty Mor Furniture • Mor Furniture operates 41 locations across seven states, serving as a dominant regional home furnishings brand. The company has a +40-year operating history and ranks among the top 100 furniture retailers in the U.S. They have a particularly strong and loyal presence in the Central Valley and all of California with 19 different locations in the State

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mor Furniture

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

C-2

APN/PARCEL ID

058-220-033

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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