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635 Fairfield Dr 23,341 SF 4% Leased Retail Building Merced, CA 95348 $3,939,600 CAD ($168.78 CAD/SF)

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Executive Summary

Here is an opportunity to acquire a "LOCAL" Government-Leased Retail Investment with a brand new 15-Year (NNN) lease in-place! This is a fully renovated 7,676-square-foot modern commercial retail condominium strategically located in the heart of Merced's rapidly revitalizing retail corridor. Currently occupied by the Merced County Department of Workforce Investment, providing investors with long-term, predictable cash flow backed by a government agency tenant. The lease structure offers some landlord responsibilities while featuring scheduled rental increases beginning in Year 3, providing steady income growth throughout the lease term. Positioned within one of Merced's premier regional retail destinations, the property benefits from its location between Marketplace Merced (formerly the Merced Mall) and The Shoppes at Merced. The surrounding 53-acre grocery-anchored regional shopping center is undergoing a significant redevelopment, bringing new retailers, renewed consumer activity, and long-term investment into one of the city's most prominent commercial corridors. The property is in a highly visible location with multiple points of ingress and egress, abundant parking, and exposure to thousands of vehicles each day. This offering represents a rare opportunity to acquire a stabilized, government-occupied investment featuring a long-term lease, passive management structure, and exceptional positioning within one of California's fastest-growing Central Valley markets.

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Movie Theatre

Building Size

23,341 SF

Building Class

Year Built/Renovated

1969/2026

Price

$3,939,600 CAD

Price Per SF

$168.78 CAD

Percent Leased

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.27

Lot Size

2.00 AC

Zoning

P-D - Planned Development, intended to promote creativity in building design, flexibility in permitted land uses, innovation in development concepts.

Parking

200 Spaces (9.74 Spaces per 1,000 SF Leased)

Frontage

184’ on Fairfield Dr

Public Administration
-
$9.99
Lorem Ipsum
Jan 0000

Merced County is county located in the heart of the San Joaquin Valley (also known as the Central Valley) of California. As of the 2010 United States Census, the population was 255,793, up from 210,554 at the 2000 census and the total area of the county is approximated 1,980 square miles.

Tenant	Industry	SF Occupied	Rent/SF	Lease Type		Lease End
	Public Administration	-	$9.99	Lorem Ipsum		Jan 0000

Space Availability

Space
Size
Space Use
Position
Available

A
8,078 SF
Office/Retail
-
Now

Suite A is a highly visible corner space. Could be combined with Suite B for a total of 14,663 square feet. The owners will undertake a complete modern exterior renovation to align with the other Merced Mall structures. Additionally, the owners are willing to be accommodating and contribute towards the tenant's improvements, providing an advantageous setup for any retailer. Moreover, the availability of open parking at Merced Mall has consistently provided ample parking opportunities.

B
6,585 SF
Office/Retail
-
Now

Suite B is a highly visible center space. Could be combined with Suite A for a total of 14,663 square feet. The owners will undertake a complete modern exterior renovation to align with the other Merced Mall structures. Additionally, the owners are willing to be accommodating and contribute towards the tenant's improvements, providing an advantageous setup for any retailer. Moreover, the availability of open parking at Merced Mall has consistently provided ample parking opportunities.