229 Bangs Ave | Modesto, CA 95356
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- LoopNet Team
229 Bangs Ave
Modesto, CA 95356
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute net lease with tenant responsible for property tax, insurance, common area maintenance and repair/replacement of roof, structure, parking lot
- Reasonable rental rate at $1.24 per square foot per month triple net
- Strategic location with immediate proximity to 10 auto dealerships
- Rare 15 year lease term with 2% annual increases
- Lease will be backed by a profitable and experienced tenant operating since 1972
- Newly expanded/upgraded facility
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
13,625 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1995/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.95 AC
Zoning
PD - Planned Development
Parking
30 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
107’ on Bangs Ave
PROPERTY TAXES
| Parcel Number | 046-11-22 | Improvements Assessment | $1,810,500 |
| Land Assessment | $331,500 | Total Assessment | $2,142,000 |
PROPERTY TAXES
Parcel Number
046-11-22
Land Assessment
$331,500
Improvements Assessment
$1,810,500
Total Assessment
$2,142,000
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