Big Lots

1143 Country Club Drive, Madera, CA

$5,942,000

Price

6.65%

Cap Rate

$395,170

NOI

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Street
Map
Overview
Cap Rate
6.65%
NOI
$395,170
Building Size
36,760 sqft
Lot Area
3.47 acres
Occupancy
100%
Lease Type
Single Net
Tenancy
Single
Description

A net leased corporate Big Lots on a brand new, long-term lease with options. The subject property is located within Country Club Village, a recently re-developed, CVS-anchored, high-traffic shopping center in Madera, CA.

Highlights
  • Opportunity to acquire Big Lots located in Madera, CA, a 100% net leased corporate tenant on a brand new, long-term lease with options
  • A single tenant, NN lease with minimal Landlord responsibilities
  • Low price per square foot and below market rent with value-add opportunity
  • Recent redevelopment – paint and façade refresh
  • The potentially developable 0.45 parcel in the parking lot has a proposed lease with a single tenant, quick service Hawaiian BBQ concept
  • The subject property is projected to open in February 2024
  • Positioned along Highway 99, a major north-south arterial that runs through the heart of California’s Central Valley connecting Fresno (23 miles) and Sacramento (147 miles)
Documents
Location
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