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Rally's Burger 2310 W Cleveland Ave 963 SF Retail Building Madera, CA 93637 $1,470,000 ($1,526.48/SF) 4.65% Cap Rate



Investment Highlights
- Absolute triple net lease with zero landlord responsibilities.
- Built-in 2% annual rent increases beginning in October 2026.
- High-traffic retail corridor with excellent visibility and access to CA-99.
- Long-term stability with a 20-year lease and multiple renewal options.
- Surrounded by strong national and regional co-tenancy, including Walmart, Lowe’s, and McDonald’s.
Executive Summary
This offering represents an opportunity to acquire a fully leased, single-tenant retail property in the heart of Madera’s primary retail corridor. The asset is occupied by a nationally recognized quick-service restaurant under an absolute triple net (NNN) lease, providing zero landlord responsibilities and a truly passive income stream. The current lease commenced in 2014 with a 20-year term and includes three five-year renewal options, ensuring long-term stability for investors.The property benefits from a built-in rental growth structure, with 2% annual increases beginning in October 2026, enhancing income predictability and long-term value. Positioned on a 16,553 SF parcel along West Cleveland Avenue, the site enjoys strong visibility and access within a high-traffic trade area anchored by major national retailers such as Walmart, Lowe’s, Ross, and McDonald’s. Located less than half a mile from CA-99 and within proximity to Madera Municipal Airport and Fresno Yosemite International Airport, the property offers excellent regional connectivity. This investment combines a creditworthy tenant, a proven location, and a stable income profile, making it an attractive addition to any portfolio seeking durable cash flow and minimal management obligations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
963 SF
Building Class
B
Year Built
1992
Price
$1,470,000
Price Per SF
$1,526.48
Cap Rate
4.65%
NOI
$68,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.38 AC
Zoning
C1, Madera - Neighborhood Commercial
Parking
10 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
84’ on Cleveland Ave
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-390-019 | Improvements Assessment | $916,861 |
| Land Assessment | $208,902 | Total Assessment | $1,125,763 |
Property Taxes
Parcel Number
006-390-019
Land Assessment
$208,902
Improvements Assessment
$916,861
Total Assessment
$1,125,763
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Rally's Burger | 2310 W Cleveland Ave
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