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
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
Parcel Number | 111-05-02 | Improvements Assessment | $1,376,000 |
Land Assessment | $374,000 | Total Assessment | $1,750,000 |
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Listing ID: 18252097
Date on Market: 1/21/2020
Last Updated:
Address: 426 McHenry Ave, Modesto, CA 95354
The Retail Property at 426 McHenry Ave, Modesto, CA 95354 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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