1320 McHenry Ave - Fast Food FOR SALE


Modesto, CA 95350
$2,905,000 USD
559-650-1316
1320 McHenry Ave, Modesto, CA for Sale
$2,905,000 USD
Fast Food - FOR SALE
1/8
null | 5.25% Cap Rate

1320 McHenry Ave
Modesto, CA 95350


HIGHLIGHTS

  • New 10-Year Corporate Lease | Investment Grade Tenant | S&P BBB+
  • Rare Landlord Friendly Lease Provision with Tenant Maintaining the Exterior Areas
  • Brand New 2024 Build-to-Suit Drive-Thru Prototype Building
  • Located near Modesto’s Doctors Hospital a Full Service 461 Bed Facility
  • High Traffic Volume Location | Over 55,300 ADT at McHenry & Orangeburg Avenues

OVERVIEW

Commercial Retail Associates, Inc. is pleased to be selected as the exclusive listing agent for the sale of this brand new 2024 constructed build-to-suit ±1,300 square foot free-standing drive-thru prototype building leased to the Starbucks Corporation. The site fronts McHenry Avenue/ Highway 108, a major arterial that runs north to south in Modesto, with over 33,700 ADT passing by the site. The building is also accessible from Orangeburg Avenue, which runs east to west through Modesto, with over 21,600 ADT. Neighboring retail tenants within close proximity to the subject property are Walgreens, Pep Boys, Sonic Burger, Wendy’s, Denny’s, Dutch Bros, Days Inn by Wyndham, and various medical offices with Modesto’s Doctors Hospital within 2 blocks of the property. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, brand-new constructed commercial property that is leased to an investment grade corporate tenant, with a long-term lease commitment to the subject site.

FOR SALE DETAILS

PRICE

$2,905,000 USD

PRICE/SF

$2,235 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New 10-Year Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Convenience Store, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

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Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

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