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484 Highway 99 2,545 SF Retail Building Gridley, CA 95948 $819,174 CAD ($321.88 CAD/SF) 7.01% Cap Rate
Investment Highlights
- Great Location: High-visibility spot on State Highway 99 in Gridley, CA.
- Spacious Layout: 2,545 sq. ft. building with ample dining and kitchen space.
- High Traffic: Excellent exposure in a growing commercial corridor.
- Turnkey Restaurant: Fully operational, currently Casa De Alma Camaron Pelao.
- Large Lot: 36,590 sq. ft., potential for expansion or outdoor seating.
- Strong Community Presence: A go-to dining destination for locals and visitors.
Executive Summary
+/- 2,545 SQ. FT. RESTAURANT BUILDING
100% LEASED INVESTMENT PROPERTY
This fully leased restaurant investment offers a steady income stream with a well-established tenant in place. Situated directly on State Highway 99, the property benefits from high daily traffic and excellent visibility. The 2,545 SF building sits on a generous 36,590 SF lot, providing potential for future enhancements. With a 7.01% cap rate and a secure lease through 2027, this opportunity delivers immediate cash flow in a growing market.
100% LEASED INVESTMENT PROPERTY
This fully leased restaurant investment offers a steady income stream with a well-established tenant in place. Situated directly on State Highway 99, the property benefits from high daily traffic and excellent visibility. The 2,545 SF building sits on a generous 36,590 SF lot, providing potential for future enhancements. With a 7.01% cap rate and a secure lease through 2027, this opportunity delivers immediate cash flow in a growing market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,545 SF
Building Class
B
Year Built/Renovated
1950/1980
Price
$819,174 CAD
Price Per SF
$321.88 CAD
Cap Rate
7.01%
NOI
$57,424 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.89 AC
Zoning
AG-40
Parking
40 Spaces (15.72 Spaces per 1,000 SF Leased)
Frontage
238’ on California 99
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Casa De Alma Camaron Pelao
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Casa De Alma Camaron Pelao | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 024-160-033-000 | Improvements Assessment | $184,622 CAD |
| Land Assessment | $198,298 CAD | Total Assessment | $382,920 CAD |
Property Taxes
Parcel Number
024-160-033-000
Land Assessment
$198,298 CAD
Improvements Assessment
$184,622 CAD
Total Assessment
$382,920 CAD
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484 Highway 99
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