1742-1746 W Olive Ave - Storefront FOR SALE


Merced, CA 95348
$4,052,500 USD
619-647-7015
1742-1746 W Olive Ave, Merced, CA for Sale
$4,052,500 USD
Storefront - FOR SALE
1/19
null | 6.72% Cap Rate

1742-1746 W Olive Ave
Merced, CA 95348


HIGHLIGHTS

  • Committed Tenants and simple management of a well maintained asset
  • Strong Center with Huge Anchors of Lowes and Wal-Mart adjacent
  • Merced is the county seat of the fastest growing county in California

OVERVIEW

A two-tenant retail investment anchored by Big 5 Sporting Goods and Work World, positioned within the established Merced Marketplace retail corridor. The property is fully leased and supported by recently extended lease terms through 2029 and 2030, providing near-term income stability with limited rollover exposure. Located along W. Olive Avenue with direct access to Highway 99, the asset benefits from consistent regional draw and proximity to national retailers including Lowe’s, Walmart, and Target. The tenancy reflects durable, needs-based retail categories, with Work World additionally generating percentage rent, indicating strong store-level performance. The offering presents a stabilized cash flow profile with modest rent growth and minimal capital requirements, highlighted by a newly installed roof in 2024.

FOR SALE DETAILS

PRICE

$4,052,500 USD

PRICE/SF

$144 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big 5/Work World @ Merced Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

2.56 AC

LAND SF

111,514 SF

ZONING

PD

APN/PARCEL ID

058-220-034,058-220-035

ASK ABOUT THIS PROPERTY

Gabriel HallOak Creek EnterprisesMore Info
619-647-7015

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Gabriel HallOak Creek EnterprisesMore Info
619-647-7015

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