This Retail Property is no longer advertised on LoopNet.com.

426 McHenry Ave
Modesto, CA 95354

Retail Property For Sale

Investment Highlights

  • Triple Net Lease
  • New Roof & New HVAC
  • Limited Management
  • Valuable Approved Entitlements
  • Nice Onsite Parking

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built/Renovated
1962/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.42 AC
Zoning
C-3 - Commercial
Parking
20 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
73 FT on Mchenry Ave

About 426 McHenry Ave , Modesto, CA 95354

426 McHenry Avenue is fully permitted for the sales of cannabis products. It is leased to CV Wellness, LLC on a five (5) year term with a three (3) year option. The annual rent is $132,000.00 and is subject to increases to the greater of 2% per annum or CPI San Francisco Bay Area. The entire building was fully remodeled in 2019 with beautiful interior modern finishes (see photos). The property is being offered at an 8% Capitalization Rate and with rents that are under market for the cannabis industry, providing an investor an above market return along with below market rents for the use.

PROPERTY TAXES

  • Listing ID: 18252097

  • Date on Market: 1/21/2020

  • Last Updated:

  • Address: 426 McHenry Ave, Modesto, CA 95354