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1901 Prescott Rd 5,178 SF Retail Building Modesto, CA 95350 $1,884,289 CAD ($363.90 CAD/SF) 5.78% Cap Rate
Investment Highlights
- Stabilized NNN Investment with in-place automotive tenant
- High-Performing Automotive Use with 5 service bays
- Dense, High-Income Trade Area driving long-term tenant demand
- Prime Signalized Corner Exposure in high-traffic Orange County corridor
- Exceptional Visibility & Access at major intersection
- Located in Supply-Constrained Coastal Market
Executive Summary
Single-tenant NNN automotive investment located on a signalized corner at Lincoln Ave & Knott Ave in Buena Park, CA. The ±3,850 SF building features a 5-bay service facility with strong visibility and traffic counts of ±29K–36K VPD. Leased to an established operator, the property offers stable, passive income in a dense Orange County market with over 247K residents within 3 miles.
This is an investment property for sale with an existing long-term single tenant with a 15 year-lease term that commenced on September 1, 2022, with two (2) 5-year options.
This is an investment property for sale with an existing long-term single tenant with a 15 year-lease term that commenced on September 1, 2022, with two (2) 5-year options.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,178 SF
Building Class
C
Year Built
1994
Price
$1,884,289 CAD
Price Per SF
$363.90 CAD
Cap Rate
5.78%
NOI
$108,870 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.27 AC
Parking
13 Spaces (2.51 Spaces per 1,000 SF Leased)
Frontage
85’ on Prescott Rd
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 005-82-32 | Improvements Assessment | $715,957 CAD |
| Land Assessment | $244,468 CAD | Total Assessment | $960,425 CAD |
Property Taxes
Parcel Number
005-82-32
Land Assessment
$244,468 CAD
Improvements Assessment
$715,957 CAD
Total Assessment
$960,425 CAD
Contacts
-
Ara Tchaghlassian -
Gilly Berdin -
Camille Lopez de Leon
-
Avant Real Estate, Inc.
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1901 Prescott Rd
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