Starbucks and Sourdough & Co.

1801 H Street, Modesto, CA

$2,600,000

Price

4.02%

Cap Rate

$104,704

NOI

Gallery
Street
Map
Overview
Cap Rate
4.02%
NOI
$104,704
Building Size
2,600 sqft
Lot Area
0.42 acres
Lease Type
Triple Net
Year Built
1990
Price Per Sqft
$1,000
Description

Sands Investment Group is pleased to present exclusively for sale the 2,600 sf Starbucks and Sourdough & Co. Located at 1801 H Street in Modesto, CA. This opportunity provides for a best-of-class investment with income growth in the desirable Modesto Market.

Highlights
  • Two tenant strip center that is 100% occupied
  • Starbucks has a drive-thru
  • Starbucks has been at this location since 2003 and previously renewed for a 10-year term showing its commitment to the site
  • High barriers to entry within the urban infill market of Downtown Modesto, CA
  • Hedge against inflation: Each tenant has rental increases throughout the lease term
  • Less than 1-Mile from Downtown Modesto, the Property is surrounded by: Brenden Theatres, The Century, Gallo Center for the Arts, McHenry Museum and many more attractions
  • Strong demographics: Total population is 151,348 residents with an average household income of $70,074 within a 3-mile radius
  • Nearby tenants include: Smart & Final Extra!, Bob's Giant Burgers, Jack in the Box, Denny’s, Best Western and many more
Documents
Title
Offering Memorandum
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Location
Gallery