For Sale | Fully Leased Investment, End Cap with Below Market Rents in Major Retail Corridor

2501 McHenry Ave | Modesto, CA
Retail
$3,800,000
  • Fully occupied multi-tenant retail with stable in-place cash flow
  • Attractive value-add opportunity through below-market rents and future lease rollovers
  • Diverse tenant mix with predictable income stream
  • Strong visibility along high-traffic McHenry Avenue retail corridor
  • Located within a dense, established retail trade area
  • End-cap restaurant space configuration enhances tenant mix and consumer traffic
  • Ample on-site parking with open shopping center layout
  • Existing building and monument signage provides tenant exposure
  • Long-term income stability with select leases extending through 2030
Sale Price:
$3,800,000
Price Per Sq Ft:
$158 / SF of Building
Parcel Size:
1.35 acres
Building Size:
24,032 SF
Cap Rate:
7.9%
Pro Form Cap Rate:
7.4%
NOI:
Actual: $291,329 | Pro Forma: $273,206
Tenant Lease Type:
Gross

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