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1435 V St
Merced, CA 95340
Retail Property For Sale
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 - General Commercial
Parking
35 Spaces (7.37 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
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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