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2008 McHenry Ave
Modesto, CA 95350
Single Tenant Investment · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
8,640 SF
Building Class
B
Year Built
1981
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.36 AC
Parking
66 Spaces (6.72 Spaces per 1,000 SF Leased)
Frontage
270’ on McHenry Ave

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

PROPERTY TAXES

Parcel Number
120-46-65
Land Assessment
$1,136,553
Improvements Assessment
$3,772,275
Total Assessment
$4,908,828
  • Listing ID: 3776676

  • Date on Market: 9/24/2016

  • Last Updated:

  • Address: 2008 McHenry Ave, Modesto, CA 95350

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