1995 W Olive Ave | Merced, CA 95348
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- LoopNet Team
1995 W Olive Ave
Merced, CA 95348
7-Eleven · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Single-Tenant Corporate (S&P: AA-) 7-Eleven (Convenience Store/Gas Station): New 15-year lease; 10% increases every 5 years, including the option
- Ideally Situated Along Olive Ave, Merced’s Major Commercial and Retail Corridor: Nearby retailers include Walmart, Lowe’s, Hobby Lobby
- Known as the Gateway to Yosemite: Merced is less than 2 hours from Yosemite National Park and ~45 miles from Fresno, and 110 miles from Sacramento
- High-Traffic, Signalized Intersection Location: Ideally situated at the signalized intersection of California HWY 59 and Olive Avenue (38,000+ CPD)
- Close Proximity to UC Merced (8,544 Students, 1,537 Employees): UC Merced recently completed a massive $1.3 billion expansion initiative
- High Growth Trade Area: Merced’s population has grown faster than the state average since 1980 and has experienced a 44% increase since 2000
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
4,088 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.15 AC
Zoning
PD - Planned Development
AMENITIES
- Corner Lot
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 058-030-042 | Improvements Assessment | $2,817,679 |
| Land Assessment | $1,227,504 | Total Assessment | $4,045,183 |
PROPERTY TAXES
Parcel Number
058-030-042
Land Assessment
$1,227,504
Improvements Assessment
$2,817,679
Total Assessment
$4,045,183
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