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484 Highway 99 2,545 SF Retail Building Gridley, CA 95948 $599,000 ($235.36/SF) 7.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Location: High-visibility spot on State Highway 99 in Gridley, CA.
- Spacious Layout: 2,545 sq. ft. building with ample dining and kitchen space.
- High Traffic: Excellent exposure in a growing commercial corridor.
- Turnkey Restaurant: Fully operational, currently Casa De Alma Camaron Pelao.
- Large Lot: 36,590 sq. ft., potential for expansion or outdoor seating.
- Strong Community Presence: A go-to dining destination for locals and visitors.
EXECUTIVE SUMMARY
+/- 2,545 SQ. FT. RESTAURANT BUILDING
100% LEASED INVESTMENT PROPERTY
This fully leased restaurant investment offers a steady income stream with a well-established tenant in place. Situated directly on State Highway 99, the property benefits from high daily traffic and excellent visibility. The 2,545 SF building sits on a generous 36,590 SF lot, providing potential for future enhancements. With a 7.01% cap rate and a secure lease through 2027, this opportunity delivers immediate cash flow in a growing market.
100% LEASED INVESTMENT PROPERTY
This fully leased restaurant investment offers a steady income stream with a well-established tenant in place. Situated directly on State Highway 99, the property benefits from high daily traffic and excellent visibility. The 2,545 SF building sits on a generous 36,590 SF lot, providing potential for future enhancements. With a 7.01% cap rate and a secure lease through 2027, this opportunity delivers immediate cash flow in a growing market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,545 SF
Building Class
B
Year Built/Renovated
1950/1980
Price
$599,000
Price Per SF
$235.36
Cap Rate
7.01%
NOI
$41,990
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.89 AC
Zoning
AG-40
Parking
40 Spaces (15.72 Spaces per 1,000 SF Leased)
Frontage
238’ on California 99
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Casa De Alma Camaron Pelao
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Casa De Alma Camaron Pelao | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 024-160-033-000 | Improvements Assessment | $135,000 |
| Land Assessment | $145,000 | Total Assessment | $280,000 |
PROPERTY TAXES
Parcel Number
024-160-033-000
Land Assessment
$145,000
Improvements Assessment
$135,000
Total Assessment
$280,000
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