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Ceres Marketplace 1611 E Hatch Rd 105,720 SF 96% Leased Retail Building Ceres, CA 95307 $19,810,000 ($187.38/SF) 6.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully leased retail center with national anchors.
  • Located on East Hatch Road with 31K VPD and near CA-99.
  • Over $4 million in recent and planned renovations.
  • 877K annual visits to the center and strong co-tenancy.

EXECUTIVE SUMMARY

Ceres Marketplace is a fully leased, grocery-anchored shopping center anchored by Grocery Outlet, Crunch Fitness, and Ross Dress for Less, with a complementary mix of national and regional tenants. Recently upgraded with over $4M in renovations, the property sits on East Hatch Road, Ceres’ dominant retail corridor just off Highway 99. With exceptional sales performance across its anchor tenants and strong surrounding household density, this center stands as a core retail hub for Ceres and southern Modesto.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
105,720 SF
Building Class
B
Year Built/Renovated
1998/2025
Price
$19,810,000
Price Per SF
$187.38
Cap Rate
6.75%
NOI
$1,337,175
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
9.30 AC
Parking
490 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
749’ on Hatch Rd

AMENITIES

  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Mountain Mike’s Pizza is a privately held pizza franchise headquartered in Newport Beach, California. Founded in 1978 in Palo Alto, the brand has grown into a leading family-style pizza chain with locations across 10 states, including California, Nevada, Oregon, Utah, Idaho, Texas, Colorado, Washington, and Wisconsin. Known for its signature crispy, curly pepperoni and 20-inch “Mountain-sized” pizzas, Mountain Mike’s offers a menu featuring specialty pizzas, wings, salads, and desserts in a family-friendly environment. The company operates under a franchise model and emphasizes community engagement through local events and fundraisers. Mountain Mike’s has received industry recognition, including FRANdata’s TopScore FUND Award for franchise financing support and ranking among Yelp’s Top Pizza Brands in America. The company is owned by Chris Britt and Ed St. Geme and continues to expand nationally through strategic development agreements.

  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Since 1982, Ross' focus has been on bringing their customers a constant stream of high-quality department and specialty store brands at extraordinary savings (aka bargains) while providing an easy, fun and organized shopping experience. So what’s Ross' secret? Ross is big—as the nation’s largest off-price retail chain, Ross has a great deal of purchasing power. Ross is savvy—their buyers search the globe for the best brands and latest styles. Ross works directly with manufacturers to negotiate the best deals! Ross believes in “no frills”—no window displays, mannequins, fancy fixtures or decorations in their stores so they can pass more savings on to their customers. Ross loves new buys—they keep it simple so they can get the great buys into their stores quickly, which means almost every day!

  • Retailer
  • -
  • -
  • -
  • Jan 0000

Sally Beauty® is a leading retailer of professional beauty supplies, serving customers across North America. Known for offering salon-quality products at accessible prices, the brand provides a broad selection of hair care, color, nail care, makeup, and professional styling tools. Sally Beauty® also features salon equipment and exclusive product lines like ion®, bondbar™, Strawberry Leopard™, and GVP®, alongside top professional brands such as Clairol, L’Oréal, and Wella. The company empowers both beauty enthusiasts and professionals to express their style with confidence.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - - Lorem Ipsum Jan 0000
Retailer - - Lorem Ipsum Jan 0000
Retailer - - - Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 2-E
  • 1,400 SF
  • Retail
  • -
  • Now
  • 2-G
  • 1,200 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
2-E 1,400 SF Retail - Now
2-G 1,200 SF Retail - Now

2-E

Size
1,400 SF
Space Use
Retail
Position
-
Available
Now

2-G

Size
1,200 SF
Space Use
Retail
Position
-
Available
Now

2-G

Size 1,200 SF
Space Use Retail
Position -
Available Now

NEARBY MAJOR RETAILERS

Crunch Fitness
Grocery Outlet
IHOP
Denny's
Starbucks
Dutch Bros Coffee
Ahern Rentals
United Rentals-equipment & Tool Rentals

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 039-32-29
  • 039-32-27
  • 039-32-28
  • 039-32-26
Land Assessment
$4,739,000
Improvements Assessment
$10,605,000
Total Assessment
$15,344,000
  • Listing ID: 38358678

  • Date on Market: 11/6/2025

  • Last Updated:

  • Address: 1611 E Hatch Rd, Ceres, CA 95307

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