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- LoopNet Team
2008 McHenry Ave
Modesto, CA 95350
Single Tenant Investment · Retail Property For Sale
PROPERTY FACTS
ABOUT 2008 MCHENRY AVE , MODESTO, CA 95350
-New 10 year lease executed by U.S. Bank to commence January 1, 2018 -Cap rate increases to 5.2% effective at the start of the new lease -Tenant operating in the subject building since August 1980 -New long term stable income with 10+ years with 10% rental escalations every five (5) years -US Bank at this location holds the second largest deposit base in Stanislaus County -Features exceptional visibility with monument signage and building signage -Surrounded by national tenants -Strong trade area surrounded by national tenants -Exceptional visibility, monument, and building signage -Located near a signalized intersection between McHenry and Briggsmore Avenue which benefits from 75,000 vehicles daily -McHenry serves as Modesto's primary North to South corridor east of Highway 99, which is also a highway serving communities of Patterson, Oakdale, and Escalon -Within a 3-mile radius, there is a population of 139,084 with an average household income of $64,575
PROPERTY TAXES
| Parcel Number | 120-46-65 | Improvements Assessment | $3,772,275 |
| Land Assessment | $1,136,553 | Total Assessment | $4,908,828 |
PROPERTY TAXES
