Gregory Gardens Retail FOR SALE


Modesto, CA
$12,500,000 USD
408-588-2330
, Modesto, CA for Sale
$12,500,000 USD
Retail - FOR SALE
1/10
null | 8.08% Cap Rate

Gregory Gardens
Modesto, CA


HIGHLIGHTS

  • The property consists of eight (8) retail structures totaling 86,850 SF on 6.2 acres
  • Comprised of a mix of local service retail uses that are highly insulated from internet competition.
  • 100% occupied to Twenty-Three (23) Tenants (Dollar General, Verizon & Subway), this provides consistent income and longer stable occupancy.
  • Property has no existing debt and can be delivered free and clear. This offers potential buyer a clean slate to structure most ideal capital.
  • Located off Hwy 99 on the corner of Tully Road and Bowen Ave with a signalized corner (24,464 cars per day).
  • Residential Opportunity: Modesto zoning code, allows Townhome development with approved Conditional Use Permit (11 to 29 units per acre).

OVERVIEW

Gregory Gardens is comprised of Eight (8) buildings totaling 86,850 square feet situated on 6.2 acres with Twenty Three (23) tenants. The Gregory Gardens is anchored with a national credit tenant, Dollar General, which activates the retail center with excellent synergies amongst the existing tenants which fully take advantage of the big, shared parking throughout the shoppes. The mix of tenants truly is a one stop shop when it comes to neighbor retail uses.

ASK ABOUT THIS PROPERTY

James VisoKidder MathewsMore Info
408-588-2330

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James VisoKidder MathewsMore Info
408-588-2330

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