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- LoopNet Team
426 McHenry Ave
Modesto, CA 95354
Retail Property For Sale
Investment Highlights
- Triple Net Lease
- New Roof & New HVAC
- Limited Management
- Valuable Approved Entitlements
- Nice Onsite Parking
Property Facts
About 426 MCHENRY AVE , MODESTO, CA 95354
426 McHenry Avenue is fully permitted for the sales of cannabis products. It is leased to CV Wellness, LLC on a five (5) year term with a three (3) year option. The annual rent is $132,000.00 and is subject to increases to the greater of 2% per annum or CPI San Francisco Bay Area. The entire building was fully remodeled in 2019 with beautiful interior modern finishes (see photos). The property is being offered at an 8% Capitalization Rate and with rents that are under market for the cannabis industry, providing an investor an above market return along with below market rents for the use.
Property Taxes
| Parcel Number | 111-05-02 | Improvements Assessment | $1,403,520 |
| Land Assessment | $381,480 | Total Assessment | $1,785,000 |
Property Taxes
