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1800 Prescott Rd

53,079 SF 100% Leased Retail Building Modesto, CA 95350 $7,185,000 ($135/SF) 7.15% Cap Rate

Retail Space California Modesto 1800 Prescott Rd, Modesto, CA 95350

Investment Highlights

  • Briggsmore Plaza is a 100% Leased Multi-tenant Shopping Center.
  • Dense In-Fill location with a 5-mile Density Population of 224,319 with an Ave HH Income of $109,455.
  • Briggsmore Plaza Shopping Center is situated in a high traffic, retail corridor of Modesto, CA that is off Highway 99.

Executive Summary

Briggsmore Plaza Shopping Center, NNN Investment Opportunity, 100% Leased, anchored by In-Shape Family Fitness and Grocery Outlet(NAP). This is a multi-tenant investment opportunity with three (3) tenants: In-Shape Family Fitness, Trinity Thrift, and Modesto Oriental Grocery & Deli. In-Shape has 6+ years remaining on the lease term, Trinity Thrift has 6+ years left remaining on the lease term, and Modesto Oriental Grocery & Deli has 2+ years remaining on the lease term with renewal options. Modesto Oriental Grocery and Deli has been operating from this space since 2002.

Attachments

Briggsmore Plaza Modesto CA- Revised OM 11-13-2024

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
53,079 SF
Building Class
C
Year Built/Renovated
1974/2018
Price
$7,185,000
Price Per SF
$135
Cap Rate
7.15%
NOI
$513,728
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Land Acres
5.06 AC
Zoning
P-D - P-D (Planned Development)
Parking
20 Spaces (0.37 Spaces per 1,000 SF Leased)
Frontage
199 FT on Briggsmore Ave
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Nearby Major Retailers

Starbucks
Farmer Boys
Winco Foods
Grocery Outlet
FoodMaxx
Olive Garden
Black Bear Diner
Ono Hawaiian BBQ
Denny's
IHOP

PROPERTY TAXES

Parcel Number 060-22-10 Improvements Assessment $4,424,000
Land Assessment $1,896,000 Total Assessment $6,320,000

PROPERTY TAXES

Parcel Number
060-22-10
Land Assessment
$1,896,000
Improvements Assessment
$4,424,000
Total Assessment
$6,320,000
(209) 300-7015

  • Listing ID: 31292610

  • Date on Market: 3/21/2024

  • Last Updated:

  • Address: 1800 Prescott Rd, Modesto, CA 95350

More public record information on 1800 Prescott Rd, Modesto, CA 95350

The Retail Property at 1800 Prescott Rd, Modesto, CA 95350 is currently available For Sale. Contact Commercial Retail Associates for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1800 Prescott Rd, Modesto, CA for sale Building Photo- Image 1 of 8
Briggsmore Front Outline
1800 Prescott Rd, Modesto, CA for sale Building Photo- Image 2 of 8
Building
1800 Prescott Rd, Modesto, CA for sale Building Photo- Image 3 of 8
Briggsmore Plaza Close Aerial
1800 Prescott Rd, Modesto, CA for sale Building Photo- Image 4 of 8
Briggsmore Plaza Market Aerial
1800 Prescott Rd, Modesto, CA for sale Building Photo- Image 5 of 8
Parking View
1800 Prescott Rd, Modesto, CA for sale Building Photo- Image 6 of 8
Grocery Outlet (NAP)
1800 Prescott Rd, Modesto, CA for sale Building Photo- Image 7 of 8
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1800 Prescott Rd
(209) 300-7015 x

1800 Prescott Rd

Brian Heron

(209) 300-7015

(209) 300-7015

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