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405 McHenry Ave 5,640 SF 100% Leased Retail Building Modesto, CA 95354 $1,331,530 CAD ($236.09 CAD/SF) 7.92% Cap Rate
Executive Summary
405 McHenry Avenue offers the opportunity to acquire a fully leased commercial investment property along the highly visible McHenry Avenue corridor in the heart of Modesto. The 5,640-square-foot property is occupied by three established tenants and generates $8,700 in monthly rental income, providing diversified cash flow and the benefits of a turnkey, passive investment.
Positioned on the corner of McHenry Avenue and Stoddard Avenue, the property benefits from excellent visibility, convenient access, and strong exposure to daily traffic. Situated along one of the city's busiest commercial corridors, the property enjoys outstanding street frontage and is surrounded by a diverse mix of local businesses, restaurants, professional offices, and service providers.
Nearby residential neighborhoods and established commercial development contribute to consistent consumer activity and long-term demand for the area. Whether an investor is seeking dependable cash flow, long-term appreciation, or a well-located addition to an existing portfolio, 405 McHenry Avenue represents a compelling opportunity. Its prime location, diversified tenancy, and position within one of Modesto's most active commercial districts make this an ideal passive investment with lasting value.
Positioned on the corner of McHenry Avenue and Stoddard Avenue, the property benefits from excellent visibility, convenient access, and strong exposure to daily traffic. Situated along one of the city's busiest commercial corridors, the property enjoys outstanding street frontage and is surrounded by a diverse mix of local businesses, restaurants, professional offices, and service providers.
Nearby residential neighborhoods and established commercial development contribute to consistent consumer activity and long-term demand for the area. Whether an investor is seeking dependable cash flow, long-term appreciation, or a well-located addition to an existing portfolio, 405 McHenry Avenue represents a compelling opportunity. Its prime location, diversified tenancy, and position within one of Modesto's most active commercial districts make this an ideal passive investment with lasting value.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$146,328
|
$25.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$146,328
|
$25.94
|
| Taxes |
$15,579
|
$2.76
|
| Operating Expenses |
$25,229
|
$4.47
|
| Total Expenses |
$40,808
|
$7.24
|
| Net Operating Income |
$105,520
|
$18.71
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $146,328 |
| Annual Per SF | $25.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $146,328 |
| Annual Per SF | $25.94 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,579 |
| Annual Per SF | $2.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,229 |
| Annual Per SF | $4.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $40,808 |
| Annual Per SF | $7.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $105,520 |
| Annual Per SF | $18.71 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,640 SF
Building Class
C
Year Built
1968
Price
$1,331,530 CAD
Price Per SF
$236.09 CAD
Cap Rate
7.92%
NOI
$105,520 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.44 AC
Zoning
MU-P
Parking
13 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 110-03-80 | Total Assessment | $1,152,824 CAD (2025) |
| Land Assessment | $413,475 CAD (2025) | Annual Taxes | $15,579 CAD ($2.76 CAD/SF) |
| Improvements Assessment | $739,349 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
110-03-80
Land Assessment
$413,475 CAD (2025)
Improvements Assessment
$739,349 CAD (2025)
Total Assessment
$1,152,824 CAD (2025)
Annual Taxes
$15,579 CAD ($2.76 CAD/SF)
Tax Year
2026
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Presented by
Atlantic Realty
405 McHenry Ave
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