1424 Herndon Rd | Modesto, CA 95351
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1424 Herndon Rd
Modesto, CA 95351
Dutch Bros | Ground Lease | 15-Yr. Abs NNN · Retail Property For Sale
Investment Highlights
- Dutch Bros | Corporate Lease | As Of July-2022 Dutch Bros Inc. had a Market Cap of $5.589B
- 10% Rent Increases Every 5 Years during the Primary Term and Options to Extend
- Highly Visible and Freeway Adjacent | Near the On/Off Ramp of Highway 99 (±109,000 VPD) Along E. Hatch Road (±24,417 VPD).
- Brand New, 15-Year, Absolute Triple Net Ground Lease | Estimated Grand Opening in Nov-2022) and Will Feature A Brand New, 15-Year, Absolute Triple Net
- New Construction (2022) | Double Drive-Thru | Part Of A New Shopping Center Development, Which Will Feature Other National/Credit Tenant
- Excellent Trade Area | Strong Adjacent Tenants Including, Home Depot, Ross Dress For Less, O’Reilly Auto Parts, Harbor Freight, Dollar Tree, And More
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
932 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.61 AC
Zoning
Commercial - Commercial
Parking
5 Spaces
Frontage
171’ on Herndon Road
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 039-32-38 | Improvements Assessment | $1,985,083 |
| Land Assessment | $431,766 | Total Assessment | $2,416,849 |
Property Taxes
Parcel Number
039-32-38
Land Assessment
$431,766
Improvements Assessment
$1,985,083
Total Assessment
$2,416,849
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