689 Olive Ave
Merced, CA 95348
Retail Property For Sale
Property Facts
Amenities
- 24 Hour Access
- Signalized Intersection
- Drive Thru
- Air Conditioning
About 689 OLIVE AVE , MERCED, CA 95348
ACRE Investment Real Estate Services is proud to present this brand new Starbucks relocation store in Merced, California. The Starbucks is situated on a .66 acre parcel at the signalized hard corner of West Olive and M Street providing excellent vehicular exposure to 66,000 cars per day. The site is equipped with a drive-thru and 25+ parking spaces providing customers with easy access to the coffee shop. The is the relocation of successful Starbucks store with established sales. This brand new Starbucks has a 10-year Net lease, with 3-five year extensions. There are 10% rent increases in year 6 of the primary lease term and in each of the three extension periods. The site benefits from strong national co-tenancy in the adjoining Merced Mall, as well as a brand new CVS Retail Center next door. National retailers in the area include CVS, Hometown Buffet, Chipotle, El Pollo Loco, Regency 7 Movie Theatre, Michaels, Big Lots, JC Penny, Kohl's, Chase Bank, Jack in the Box, and more.
Property Taxes
| Parcel Number | 236-220-041 | Improvements Assessment | $2,063,707 |
| Land Assessment | $953,766 | Total Assessment | $3,017,473 |
Property Taxes
