2505 Patterson Rd - Restaurant FOR SALE


Riverbank, CA 95367- South Riverbank
$2,680,000 USD
310-793-6069
2505 Patterson Rd, Riverbank, CA for Sale
$2,680,000 USD
Restaurant - FOR SALE
1/10
null | 6.61% Cap Rate

2505 Patterson Rd
Riverbank, CA 95367
South Riverbank


HIGHLIGHTS

  • Passive NN lease with minimal landlord responsibilities (new roof installed in 2024 with 10-year warranty)
  • Strong operator group with three experienced personal guarantors
  • Strong retail symmetry from surrounding tenants such as IMAX Galaxy Theatres, Starbucks, Taco Bell, Burger King, CVS and many more.
  • Uncapped rent increase at next upcoming option in 2028, allowing a new owner to increase cash flow

OVERVIEW

Transwestern is pleased to present a single tenant investment leased to Cool Hand Luke’s Steakhouse & Saloon in the growing Modesto MSA. The building has a high quality, western theme buildout including a large bar/lounge and outdoor patio. The franchisee operates multiple Cool Hand Luke’s locations and recently acquired this location in 2025. Cool Hand Luke’s has operated at this location since 2008. The site sits along the busy Patterson Road (20,350+ VPD) and is an outparcel to IMAX Galaxy Theatre.

FOR SALE DETAILS

PRICE

$2,680,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

6.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cool Hand Luke's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,937 SF

ZONING

C2

APN/PARCEL ID

075-08-31

ASK ABOUT THIS PROPERTY

CJ BrillTranswestern Real Estate ServicesMore Info
310-793-6069

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CJ BrillTranswestern Real Estate ServicesMore Info
310-793-6069

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