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1800 Prescott Rd 34,200 SF 100% Leased Retail Building Modesto, CA 95350 $7,185,000 ($210.09/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Briggsmore Plaza is a 100% Leased Multi-tenant Shopping Center.
- Dense In-Fill location with a 5-mile Density Population of 224,319 with an Ave HH Income of $109,455.
- Briggsmore Plaza Shopping Center is situated in a high traffic, retail corridor of Modesto, CA that is off Highway 99.
EXECUTIVE SUMMARY
Briggsmore Plaza Shopping Center, NNN Investment Opportunity, 100% Leased, anchored by In-Shape Family Fitness and Grocery Outlet(NAP). This is a multi-tenant investment opportunity with three (3) tenants: In-Shape Family Fitness, Trinity Thrift, and Modesto Oriental Grocery & Deli. In-Shape has 6+ years remaining on the lease term, Trinity Thrift has 6+ years left remaining on the lease term, and Modesto Oriental Grocery & Deli has 2+ years remaining on the lease term with renewal options. Modesto Oriental Grocery and Deli has been operating from this space since 2002.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
34,200 SF
Building Class
C
Year Built/Renovated
1974/2018
Price
$7,185,000
Price Per SF
$210.09
Cap Rate
7.15%
NOI
$513,728
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
5.06 AC
Zoning
P-D - P-D (Planned Development)
Parking
20 Spaces (0.58 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 060-22-10 | Improvements Assessment | $4,424,000 |
| Land Assessment | $1,896,000 | Total Assessment | $6,320,000 |
PROPERTY TAXES
Parcel Number
060-22-10
Land Assessment
$1,896,000
Improvements Assessment
$4,424,000
Total Assessment
$6,320,000
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1800 Prescott Rd
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