Retail    

4 Tenant Retail Building

 Turlock, CA

Asking Price

$3,758,370

Cap Rate

6.50%

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Square Feet

6,501 SF

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Year Built

2020

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Avg HHI

$104K+ (1-Mi)

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Population

94K+ (5-Mi)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Passive Lease Structure – All leases have an NNN expense structure, providing investors with a more stable and passive cash flow.

  • Scheduled Rent Bumps – All Tenants have healthy rent bumps scheduled into the base term and options. This increases investors' yield and provides a hedge against inflation.

  • Long Lease Terms Remaining – Each Tenant enjoys a long lease term remaining between 5.3 and 9.6 years, each having an additional 10 years in options.

  • Healthy Demographics – The Property benefits from 94K residents with an average household income of $98,968 within 5 miles.
  • Directly Across from Local University – The Property is located directly across Crowell Rd from Stanislaus State University (9,198 student enrollment).

  • Located Near Multi-Family Developments – The Property benefits from proximity to The Vista student housing project and multiple condo and apartment complexes with over 1,000 units combined.

  • Strong Traffic Counts –The Site sits directly off Monte Vista Avenue and Crowell Road, which sees 32,357 VPD of total traffic. 

Exclusively Listed By

Ronnie Givargis

Senior Vice President
  rgivargis@northmarq.com      +1 949.677.4757
CA Lic. # 01363135

Michael Yousef

Associate
  myousef@northmarq.com      +1 949.769.4123
CA Lic. # 02057549

Northmarq

500 Newport Center Dr, Suite 650
Newport Beach, CA 92660


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