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Central Valley Marketplace 2 Retail Properties Offered at $24,797,000 in Ceres, CA
Investment Highlights
- Seasoned Tenant Mix: over 50% of tenants have been in occupancy for more than 10 years, reflecting long-term stability and tenant satisfaction
- Attractive Basis: the offering price is to be well below replacement cost, providing a compelling value proposition for investors
- Below Market Rents: current average rents are significantly below market, offering upside potential through lease renewals and re-tenanting
- High Performing Grocer: Per PlacerAI, Food4Less sales exceed $55M in sales annually
Executive Summary
Central Valley Marketplace is a highly visible, grocery-anchored retail center located at the bustling intersection of Mitchell Road & Hatch Road in Ceres, California—just seven miles south of Modesto. Anchored by a 24-hour Food 4 Less and complemented by national tenants such as Starbucks, Panda Express, Wingstop, and Round Table Pizza, the center spans approximately 81,897 square feet. With over 62,900 vehicles passing daily and a population exceeding 83,000 within a three-mile radius, the property offers strong foot traffic and stable tenant performance. Its strategic location near the Ceres River Regional Park and River Oaks Golf Course further enhances its appeal as a resilient and attractive investment opportunity in the Central Valley retail market.
Property Facts
| Price | $24,797,000 | Number of Properties | 2 |
| Price / SF | $302.78 / SF | Individually For Sale | 0 |
| Cap Rate | 6.96% | Total Building Size | 81,897 SF |
| Sale Type | Investment | Total Land Area | 7.71 AC |
| Status | Active |
| Price | $24,797,000 |
| Price / SF | $302.78 / SF |
| Cap Rate | 6.96% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 81,897 SF |
| Total Land Area | 7.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1515-1571 Mitchell Rd, Ceres, CA 95307 | Retail | 77,097 SF | 2005 | - |
| 1507 Mitchell Rd, Ceres, CA 95307 | Retail | 4,800 SF | 2005 | - |
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