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2501 McHenry Ave 24,032 SF 100% Leased Retail Building Modesto, CA 95350 $5,278,960 CAD ($219.66 CAD/SF) 7.67% Cap Rate
Investment Highlights
- Fully occupied multi-tenant retail center with stable in-place cash flow
- Diverse tenant mix providing predictable income and long-term stability
- Located within a dense, established retail trade area with strong consumer demand
- Value-add opportunity through below-market rents and future lease rollovers
- Prominent visibility along the high-traffic McHenry Avenue retail corridor
- End-cap restaurant space, ample parking, and existing building/monument signage enhance tenant exposure and customer traffic
Executive Summary
Fully leased investment with long-term gross leases.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,032 SF
Building Class
B
Year Built
1979
Price
$5,278,960 CAD
Price Per SF
$219.66 CAD
Cap Rate
7.67%
NOI
$404,714 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
1.35 AC
Zoning
MU-H - Mixed Use Highway Oriented
Parking
40 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
131’ on McHenry Ave
Amenities
- Restaurant
- Signage
- Monument Signage
- Balcony
- Awning
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 059-04-13 | Improvements Assessment | $2,387,267 CAD |
| Land Assessment | $489,409 CAD | Total Assessment | $2,876,677 CAD |
Property Taxes
Parcel Number
059-04-13
Land Assessment
$489,409 CAD
Improvements Assessment
$2,387,267 CAD
Total Assessment
$2,876,677 CAD
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2501 McHenry Ave
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