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1435 V St 4,751 SF Retail Building Merced, CA 95340 $2,752,000 ($579.25/SF) 5.30% Cap Rate
Investment Highlights
- Absolute NNN lease with Black Bear Diner, a growing regional brand with 160+ locations.
- Surrounded by national retailers including Costco, Home Depot, Target, Lowe’s, and PetSmart.
- Fully passive ownership with tenant responsible for all expenses including taxes, insurance, CAM, roof, and structure.
- Prime location near CA-99 and V Street with 56,000 and 23,000 VPD, serving 117,000 residents within 5 miles.
- Located in Merced, one of California’s fastest-growing cities with strong economic drivers.
- 5.3% cap rate on a $2,752,000 price with annual NOI of $145,860 and 4,751 SF building.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,751 SF
Building Class
C
Year Built
1998
Price
$2,752,000
Price Per SF
$579.25
Cap Rate
5.30%
NOI
$145,860
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
CG
Parking
35 Spaces (7.37 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Founded in Mt. Shasta, California, in 1995, Black Bear Diner is a place where anyone can enjoy good food and good times in a place that feels like home. Black Bear Diner serves up hearty portions of classic house-made comfort food in the inviting atmosphere of a mountain cabin. And they've made so many friends along the way that the franchise has grown to 127 locations in 13 states and been consistently ranked as one of the smartest growing brands in the restaurant industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 031-370-008 | Improvements Assessment | $1,394,977 |
| Land Assessment | $847,725 | Total Assessment | $2,242,702 |
Property Taxes
Parcel Number
031-370-008
Land Assessment
$847,725
Improvements Assessment
$1,394,977
Total Assessment
$2,242,702
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1435 V St
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