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Take 5 Oil Change | New 15yr Sale-Leaseback 2000 McHenry Ave 1,315 SF Retail Building Modesto, CA 95350 $4,380,928 CAD ($3,331.50 CAD/SF) 5.85% Cap Rate



INVESTMENT HIGHLIGHTS
- Franchisee Guaranteed Lease | Long-Term Stability
- Signalized Retail Corridor | McHenry Avenue | Excellent Visibility & Access
- Prime Modesto Retail Corridor | Adjacent to Walmart & Regional Power Centers
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Exclusive Franchise Growth Commitment | California Expansion
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located at 2000 McHenry Avenue, Modesto, CA. The tenant, T5 CVC Operations, LLC, will sign a new, 15-year lease at the close of escrow (sale-leaseback) with three (3) 5-year options and one (1) 4-year, 11-month option to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,315 SF
Year Built
2025
Price
$4,380,928 CAD
Price Per SF
$3,331.50 CAD
Cap Rate
5.85%
NOI
$256,258 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.42 AC
Zoning
C-3 - Highway Commercial
Parking
18 Spaces (13.69 Spaces per 1,000 SF Leased)
Frontage
50’ on Norwegian Ave
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 120-46-51 | Improvements Assessment | $0 CAD |
| Land Assessment | $487,531 CAD | Total Assessment | $487,531 CAD |
PROPERTY TAXES
Parcel Number
120-46-51
Land Assessment
$487,531 CAD
Improvements Assessment
$0 CAD
Total Assessment
$487,531 CAD
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Take 5 Oil Change | New 15yr Sale-Leaseback | 2000 McHenry Ave
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