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NNN leased Rally's Burger 2310 W Cleveland Ave 963 SF Retail Building Madera, CA 93637 $2,092,800 CAD ($2,173.21 CAD/SF) 4.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease (NNN) with Zero Landlord Responsibilities
- Built-in Rental Growth – Tenant responsible for a 10% rent increase every five years
- Strong National & Regional Co-Tenancy – Surrounded by major retailers, including Super 8 Theaters, Taco Bell, Food 4 Less, Office Depot, McDonald's.
- Long-Term Stability – 20-year lease commencing September 30, 2013, with three (5-year) renewal options
- Prime Retail Location – Well-maintained property situated in the heart of Madera’s retail corridor
EXECUTIVE SUMMARY
Coldwell Banker Best Realty is pleased to present an Absolute Net Leased Rally’s restaurant located at 2310 W Cleveland Ave., Madera, California. This location has been successfully operating since 2013 and has eight years remaining on the lease, which originally commenced that same year.
The tenant is a well-established, family-owned franchisee with over 30 years of experience, operating 11 Rally’s locations. The lease includes three (3) five-year option periods, with 10% rental increases every five years.
Strategically positioned near the intersection of Cleveland Ave. and N. Schnoor Ave., the property is just 0.5 miles from the California 99 Freeway. It is located in the central retail hub of Madera, surrounded by national credit tenants such as McDonald’s, Taco Bell, Food 4 Less, Lowe’s, Walmart, Walgreens, Dollar Tree, Office Depot, and Petco.
The tenant is a well-established, family-owned franchisee with over 30 years of experience, operating 11 Rally’s locations. The lease includes three (3) five-year option periods, with 10% rental increases every five years.
Strategically positioned near the intersection of Cleveland Ave. and N. Schnoor Ave., the property is just 0.5 miles from the California 99 Freeway. It is located in the central retail hub of Madera, surrounded by national credit tenants such as McDonald’s, Taco Bell, Food 4 Less, Lowe’s, Walmart, Walgreens, Dollar Tree, Office Depot, and Petco.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
963 SF
Building Class
B
Year Built
1992
Price
$2,092,800 CAD
Price Per SF
$2,173.21 CAD
Cap Rate
4.56%
NOI
$95,432 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.39 AC
Zoning
C1, Madera - Neighborhood Commercial
Parking
10 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
84’ on Cleveland Ave
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 006-390-019 | Improvements Assessment | $1,293,691 CAD |
| Land Assessment | $294,761 CAD | Total Assessment | $1,588,452 CAD |
PROPERTY TAXES
Parcel Number
006-390-019
Land Assessment
$294,761 CAD
Improvements Assessment
$1,293,691 CAD
Total Assessment
$1,588,452 CAD
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NNN leased Rally's Burger | 2310 W Cleveland Ave
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