1011 W Olive Ave | Merced, CA 95348
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- LoopNet Team
1011 W Olive Ave
Merced, CA 95348
Chili's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- A trophy location for a brand new construction Single Tenant Chili’s Grill & Bar with 10 years remaining on the lease
- Located in the heart of town on the Northeast corner of a hard signalized intersection of W Olive Ave and R St which sees a combined 65,850 VPD
- Desirable demographics in the trade area with over 107,094 people and an income of $76,122 in a 5-mile radius
- An absolute NNN corporate ground lease, with 10% rental increases every 5 years, providing an investor with a secure income stream and hedge against i
- Within a major regional shopping destination, the Merced Mall, surrounded by national retailers including Target, Kohl’s, JCPenney, Big Lots, Michaels
- Easy access from I-99 via the R Street on/off ramp which connects Modesto to Sacramento, and to Los Angeles via I-5
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,304 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.36 AC
Zoning
PD
Parking
126 Spaces (24.23 Spaces per 1,000 SF Leased)
Frontage
334’ on W Olive Ave
PROPERTY TAXES
| Parcel Number | 236-220-046 | Improvements Assessment | $122,400 |
| Land Assessment | $2,662,200 | Total Assessment | $2,784,600 |
PROPERTY TAXES
Parcel Number
236-220-046
Land Assessment
$2,662,200
Improvements Assessment
$122,400
Total Assessment
$2,784,600
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