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PetSmart 2100 McHenry Ave 25,200 SF Retail Building Modesto, CA 95350 $13,627,463 CAD ($540.77 CAD/SF) 5.85% Cap Rate
Investment Highlights
- 15-year Lease Extension with 10% Increases Every 5 years
- Corporate Guarantee by a Leading Pet-Retail Brand
- Top Preforming Store in the Area
- Absolute-Net Lease | Zero Landlord Responsibilities
- Heavy daytime traffic | 33,500+ vehicles per day
Executive Summary
- Single Tenant Net Lease opportunity with brand new 15-YEAR extension
- 10% increases every 5 years
- Absolute NNN lease
- Long term tenant with stable cash flow who has been in the property for 30+ year term
- Larger Store Format and is the number 1 producing store in the area
- 10% increases every 5 years
- Absolute NNN lease
- Long term tenant with stable cash flow who has been in the property for 30+ year term
- Larger Store Format and is the number 1 producing store in the area
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
25,200 SF
Building Class
C
Year Built
1962
Price
$13,627,463 CAD
Price Per SF
$540.77 CAD
Cap Rate
5.85%
NOI
$797,207 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
2.29 AC
Zoning
C-3
Parking
108 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
223’ on Mchenry Ave
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 120-46-60 | Improvements Assessment | $2,407,865 CAD |
| Land Assessment | $1,980,995 CAD | Total Assessment | $4,388,860 CAD |
Property Taxes
Parcel Number
120-46-60
Land Assessment
$1,980,995 CAD
Improvements Assessment
$2,407,865 CAD
Total Assessment
$4,388,860 CAD
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PetSmart | 2100 McHenry Ave
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