1995 W Olive Ave | Merced, CA 95348
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- LoopNet Team
1995 W Olive Ave
Merced, CA 95348
7-Eleven · Retail Property For Sale
Investment Highlights
- New ST Corporate (S&P: AA-) 7-Eleven (C-Store/Gas Station):New 15-year lease; 10% increases every 5 years, including the option periods
- High-Traffic, Signalized Intersection Location: Ideally situated at the signalized intersection of California Highway 59 and Olive Ave (38,000+ CPD)
- Close Proximity to University of California, Merced (8,544 Students, 1,537 Employees) and recently completed a massive $1.3 billion expansion initiave
- Brand new 2023 construction; store is scheduled to open in December 2023
- Ideally Situated Along Olive Avenue, Merced’s Major Commercial and Retail Corridor: Nearby national retailers include Walmart, Lowe’s, & Hobby Lobby
- High Growth Trade Area: Merced’s population has grown faster than the state average since 1980 and has experienced a 44% increase since 2000
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,088 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.15 AC
Zoning
PD - Planned Development
Amenities
- Corner Lot
- Signalized Intersection
Property Taxes
| Parcel Number | 058-030-042 | Improvements Assessment | $2,060,400 |
| Land Assessment | $897,600 | Total Assessment | $2,958,000 |
Property Taxes
Parcel Number
058-030-042
Land Assessment
$897,600
Improvements Assessment
$2,060,400
Total Assessment
$2,958,000
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