Freestanding Drug Store with
For Sale
$4,000,000
1000 W Monte Vista Ave, Turlock, CA 95382
NN-leased retail property with signalized-corner access, ample parking, and a two-lane customer drive-thru.
Property Size17,272 SF
Lot Size1.62 Acres
Price / SF$231.59
Days on Market48
Property Features for 1000 W Monte Vista Ave
General Information
Standard status
Active
Size
17,272 SF
Total Parking Spaces
40
Lot size
1.62 Acres
Property subtype
Drug Store
Lease Type
NN
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Amenities
Directly across from California State University, Stanislaus (+10,000 students enrolled).
Hard signalized corner on a major thoroughfare.
Excellent visibility and access.
Building Details
Building Size
17,272 SF
Year Built
2008
Buildings
1
Tenancy
Single
Listing Agency:
South Bay Office
Listed By:
Steve Soqui · License #License(s): CA: 01051817
(562) 257-1225
Source:
Marcusmillichap
Added: Sep 20
Changed: Oct 26
Last Checked: Nov 4 at 9:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of South Bay Office
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Investment Insights
Based on property information with market context.
This freestanding drug store was constructed in 2008 and includes a two-lane drive-thru. The property is subject to an NN lease with scheduled 5% rent increases every five years, limiting landlord responsibilities. The site also includes 40 parking spaces on a 1.62-acre parcel.
Located directly across from California State University, Stanislaus, the property benefits from proximity to a campus with enrollment exceeding 10,000 students. It occupies a hard signalized corner along a major thoroughfare, providing direct access and strong exposure. The offering includes the existing Rite Aid operation and associated retail improvements.
Located directly across from California State University, Stanislaus, the property benefits from proximity to a campus with enrollment exceeding 10,000 students. It occupies a hard signalized corner along a major thoroughfare, providing direct access and strong exposure. The offering includes the existing Rite Aid operation and associated retail improvements.
Key Highlights
- Freestanding drug store constructed in 2008
- Two‑lane drive‑thru
- NN lease with 5% rent increases every five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$268,055
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,361,100
$5.4M
Cap Rate 7%
$3,829,357
$3.8M
Cap Rate 9%
$2,978,389
$3.0M
Market Conditions
NOI Build-Up for 17,272 SF
Gross rent
$373.1K $21.60/SF
− Vacancy
−$15.7K −$0.91/SF
EGI
$357.4K $20.69/SF
− OpEx
−$89.4K −$5.17/SF
NOI
$268.1K $15.52/SF
Area
Stanislaus County, CA
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,361,100
Cap Rate 7%
$3,829,357
Cap Rate 9%
$2,978,389
Alternative Uses
Best Use
Retail
$5.76M
$5.04M – $6.72M
NOI $403,437 @ 7.0% cap · market cap 10.09%
Second Best
Specialty Retail
$3.83M
$3.35M – $4.47M
NOI $268,055 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$8.03M
$7.02M – $9.37M
NOI $561,951 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95382, CA
38,702
Population
14,167
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
3,551
Density / Sq Mi
$93,592
Median Household Income
$51,258
Median Earnings
$1,790
Median Rent
$483,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Top Notch CBD Products — 1914 N Tully Rd, Turlock, CA 95380
- The Healthy Yogi — 2031 Geer Rd, Turlock, CA 95382
- Shannon Hopkins-James — 2480 Geer Rd, Turlock, CA 953821426
- Walmart Pharmacy — 2480 Geer Rd, Turlock, CA 95382
- GNC — 2888 Geer Rd, Turlock, CA 95382
Frequently Asked Questions
What type of property is this?
Drug store - NN-leased retail property with signalized-corner access, ample parking, and a two-lane customer drive-thru.
Where is this drug store located?
The property is located at 1000 W Monte Vista Ave Turlock, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Freestanding drug store constructed in 2008; Two‑lane drive‑thru; NN lease with 5% rent increases every five years
