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2929 Mchenry Ave
Modesto, CA 95350
Citibank · Retail Property For Sale
PROPERTY FACTS
ABOUT 2929 MCHENRY AVE , MODESTO, CA 95350
Kentwood Capital Advisors is pleased to offer for sale to qualified investors this 6-Year Ab- solute NNN leased investment Citibank with 1.5% annual increases. The property is leased to Citibank N.A., a wholly owned subsidiary of Citigroup (NYSE: C), the third largest bank holding company in the United States. This Citibank Branch benefits from a hard corner location at the intersection of West Rumble Road and McHenry Avenue. The asset is situated amid numerous residential communities along a retail strip that features other notable tenants including Target, Hobby Lobby and Burlington Coat Factory. This asset has strong unit-level economics registering more than $77 Million Dollars in deposits in 2017. The surrounding demographics are strong. Tesla Motors Inc. recently signed a 430,700 SF lease in the city of Lathrop, CA (20 miles from the branch), which will bring tremendous economic growth to the surrounding area.
PROPERTY TAXES
| Parcel Number | 059-03-07 | Improvements Assessment | $2,482,556 |
| Land Assessment | $962,400 | Total Assessment | $3,444,956 |
PROPERTY TAXES
