Brand New 10-Year Starbucks | 1320 McHenry Ave
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Brand New 10-Year Starbucks 1320 McHenry Ave
1,300 SF Retail Building Modesto, CA 95350 $4,130,910 CAD ($3,178 CAD/SF) 5.25% Cap Rate
Investment Highlights
- New 10-Year Corporate Lease | Investment Grade Tenant | S&P BBB+
- Brand New 2024 Build-to-Suit Drive-Thru Prototype Building
- High Traffic Volume Location | Over 55,300 ADT at McHenry & Orangeburg Avenues
- Rare Landlord Friendly Lease Provision with Tenant Maintaining the Exterior Areas
- Located near Modesto’s Doctors Hospital a Full Service 461 Bed Facility
Executive Summary
Commercial Retail Associates, Inc. is pleased to be selected as the exclusive listing agent for the sale of this brand new 2024 constructed build-to-suit ±1,300 square foot free-standing drive-thru prototype building leased to the Starbucks Corporation. The site fronts McHenry Avenue/ Highway 108, a major arterial that runs north to south in Modesto, with over 33,700 ADT passing by the site. The building is also accessible from Orangeburg Avenue, which runs east to west through Modesto, with over 21,600 ADT. Neighboring retail tenants within close proximity to the subject property are Walgreens, Pep Boys, Sonic Burger, Wendy’s, Denny’s, Dutch Bros, Days Inn by Wyndham, and various medical offices with Modesto’s Doctors Hospital within 2 blocks of the property. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, brand-new constructed commercial property that is leased to an investment grade corporate tenant, with a long-term lease commitment to the subject site.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,300 SF
Year Built
2024
Price
$4,130,910 CAD
Price Per SF
$3,178 CAD
Cap Rate
5.25%
NOI
$216,873 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.59 AC
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
1 of 9
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Brand New 10-Year Starbucks | 1320 McHenry Ave
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