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2100 McHenry Ave
Modesto, CA 95350
PetSmart · Retail Property For Sale
Investment Highlights
- 15-year Lease Extension with 10% Increases Every 5 years
- Corporate Guarantee by a Leading Pet-Retail Brand
- Top Preforming Store in the Area
- Absolute-Net Lease | Zero Landlord Responsibilities
- Heavy daytime traffic | 33,500+ vehicles per day
Executive Summary
- Single Tenant Net Lease opportunity with brand new 15-YEAR extension
- 10% increases every 5 years
- Absolute NNN lease
- Long term tenant with stable cash flow who has been in the property for 30+ year term
- Larger Store Format and is the number 1 producing store in the area
- 10% increases every 5 years
- Absolute NNN lease
- Long term tenant with stable cash flow who has been in the property for 30+ year term
- Larger Store Format and is the number 1 producing store in the area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
25,200 SF
Building Class
C
Year Built
1962
Price
$9,908,000
Price Per SF
$393.17
Cap Rate
5.85%
NOI
$579,618
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
2.29 AC
Zoning
C-3
Parking
108 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
223’ on Mchenry Ave
Property Taxes
| Parcel Number | 120-46-60 | Improvements Assessment | $1,760,135 |
| Land Assessment | $1,448,096 | Total Assessment | $3,208,231 |
Property Taxes
Parcel Number
120-46-60
Land Assessment
$1,448,096
Improvements Assessment
$1,760,135
Total Assessment
$3,208,231
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