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1435 V St 4,751 SF Retail Building Merced, CA 95340 $3,769,442 CAD ($793.40 CAD/SF) 5.30% Cap Rate
Investment Highlights
- Absolute NNN lease with Black Bear Diner, a growing regional brand with 160+ locations.
- Surrounded by national retailers including Costco, Home Depot, Target, Lowe’s, and PetSmart.
- Fully passive ownership with tenant responsible for all expenses including taxes, insurance, CAM, roof, and structure.
- Prime location near CA-99 and V Street with 56,000 and 23,000 VPD, serving 117,000 residents within 5 miles.
- Located in Merced, one of California’s fastest-growing cities with strong economic drivers.
- 5.3% cap rate on a $2,752,000 price with annual NOI of $145,860 and 4,751 SF building.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,751 SF
Building Class
C
Year Built
1998
Price
$3,769,442 CAD
Price Per SF
$793.40 CAD
Cap Rate
5.30%
NOI
$199,786 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
CG - General Commercial
Parking
35 Spaces (7.37 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Fondée à Mt. Shasta, en Californie, en 1995, Black Bear Diner est un endroit où chacun peut profiter de la bonne nourriture et de bons moments dans un endroit qui se sent comme à la maison. Le Black Bear Diner sert de copieux plats réconfortants faits maison dans l'atmosphère accueillante d'un chalet de montagne. Et ils se sont fait tellement d'amis en cours de route que la franchise est passée à 127 emplacements dans 13 États et a toujours été classée comme l'une des marques à la croissance la plus intelligente de l'industrie de la restauration.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 031-370-008 | Improvements Assessment | $1,911,118 CAD |
| Land Assessment | $1,161,383 CAD | Total Assessment | $3,072,502 CAD |
Property Taxes
Parcel Number
031-370-008
Land Assessment
$1,161,383 CAD
Improvements Assessment
$1,911,118 CAD
Total Assessment
$3,072,502 CAD
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1435 V St
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