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Executive Summary

Here is an opportunity to acquire a "LOCAL" Government-Leased Retail Investment with a brand new 15-Year (NNN) lease in-place! This is a fully renovated 7,676-square-foot modern commercial retail condominium strategically located in the heart of Merced's rapidly revitalizing retail corridor. Currently occupied by the Merced County Department of Workforce Investment, providing investors with long-term, predictable cash flow backed by a government agency tenant. The lease structure offers some landlord responsibilities while featuring scheduled rental increases beginning in Year 3, providing steady income growth throughout the lease term. Positioned within one of Merced's premier regional retail destinations, the property benefits from its location between Marketplace Merced (formerly the Merced Mall) and The Shoppes at Merced. The surrounding 53-acre grocery-anchored regional shopping center is undergoing a significant redevelopment, bringing new retailers, renewed consumer activity, and long-term investment into one of the city's most prominent commercial corridors. The property is in a highly visible location with multiple points of ingress and egress, abundant parking, and exposure to thousands of vehicles each day. This offering represents a rare opportunity to acquire a stabilized, government-occupied investment featuring a long-term lease, passive management structure, and exceptional positioning within one of California's fastest-growing Central Valley markets.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Movie Theater
Building Size
23,341 SF
Building Class
C
Year Built/Renovated
1969/2026
Price
$2,800,000
Price Per SF
$119.96
Percent Leased
37%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
2.00 AC
Zoning
P-D - Planned Development, intended to promote creativity in building design, flexibility in permitted land uses, innovation in development concepts.
Parking
200 Spaces (9.74 Spaces per 1,000 SF Leased)
Frontage
184’ on Fairfield Dr

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Merced County is county located in the heart of the San Joaquin Valley (also known as the Central Valley) of California. As of the 2010 United States Census, the population was 255,793, up from 210,554 at the 2000 census and the total area of the county is approximated 1,980 square miles.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Public Administration - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 8,078 SF
  • Office/Retail
  • -
  • Now

Suite A is a highly visible corner space. Could be combined with Suite B for a total of 14,663 square feet. The owners will undertake a complete modern exterior renovation to align with the other Merced Mall structures. Additionally, the owners are willing to be accommodating and contribute towards the tenant's improvements, providing an advantageous setup for any retailer. Moreover, the availability of open parking at Merced Mall has consistently provided ample parking opportunities.

  • B
  • 6,585 SF
  • Office/Retail
  • -
  • Now

Suite B is a highly visible center space. Could be combined with Suite A for a total of 14,663 square feet. The owners will undertake a complete modern exterior renovation to align with the other Merced Mall structures. Additionally, the owners are willing to be accommodating and contribute towards the tenant's improvements, providing an advantageous setup for any retailer. Moreover, the availability of open parking at Merced Mall has consistently provided ample parking opportunities.

Space Size Space Use Position Available
A 8,078 SF Office/Retail - Now
B 6,585 SF Office/Retail - Now

A

Size
8,078 SF
Space Use
Office/Retail
Position
-
Available
Now

B

Size
6,585 SF
Space Use
Office/Retail
Position
-
Available
Now

A

Size 8,078 SF
Space Use Office/Retail
Position -
Available Now

Suite A is a highly visible corner space. Could be combined with Suite B for a total of 14,663 square feet. The owners will undertake a complete modern exterior renovation to align with the other Merced Mall structures. Additionally, the owners are willing to be accommodating and contribute towards the tenant's improvements, providing an advantageous setup for any retailer. Moreover, the availability of open parking at Merced Mall has consistently provided ample parking opportunities.

B

Size 6,585 SF
Space Use Office/Retail
Position -
Available Now

Suite B is a highly visible center space. Could be combined with Suite A for a total of 14,663 square feet. The owners will undertake a complete modern exterior renovation to align with the other Merced Mall structures. Additionally, the owners are willing to be accommodating and contribute towards the tenant's improvements, providing an advantageous setup for any retailer. Moreover, the availability of open parking at Merced Mall has consistently provided ample parking opportunities.

Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Crunch Fitness
CrossFit
Vallarta Supermarkets
Starbucks
Planet Fitness
Chase Bank
Olive Garden
Westamerica Bank
Deli Delicious
Chili's Grill & Bar

Property Taxes

Property Taxes

Parcel Number
236-220-016
Land Assessment
$1,420,146
Improvements Assessment
$0
Total Assessment
$1,420,146
  • Listing ID: 41286140

  • Date on Market: 7/14/2026

  • Last Updated:

  • Address: 635 Fairfield Dr, Merced, CA 95348

Contact the Sale Advisor

635 Fairfield Dr

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