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    Turlock Retail Investment Opportunity Title is generated by Realmo AI

    1203-1211 W Monte Vista Ave, Turlock, CA

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    NNN leased retail property with long-term tenants and rent escalations.

    Type:RETAIL
    Property size:
    6,501 SF
    Lot size:
    0.84 Acres
    Price / SF:
    $578/SF
    Added:
    May 7, 2024
    Days on Market:
    769
    Last Refresh:
    May 20 at 9:35 pm

    Property Features for 1203-1211 W Monte Vista Ave

    General Information

    Standard status
    Active
    Size
    6,501 SF
    Lot size
    0.84 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Ronnie Givargis

    Listing agent Ronnie Givargis

    Listing office NorthMarq

    Listing date May 7, 2024

    Source Moodyscre

    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 NorthMarq

    HighLights

    • Passive NNN lease structure provides stable cash flow.
    • Scheduled rent bumps increase yield.
    • Long lease terms remaining between 5.3 and 9.6 years, with 10‑year options.
    • Located within 5 miles of 94,000 residents with an average household income of $98,968.
    • Directly across from Stanislaus State University with 9,198 students.
    • Located off Monte Vista Avenue and Crowell Road, with strong traffic counts of 32,357 VPD.

    Overview

    This retail property features an NNN expense structure across all leases, offering investors a stable and passive cash flow. The tenants have scheduled rent increases incorporated into their base terms and options, which may increase investor yield and hedge against inflation. Each tenant has a remaining lease term between 5.3 and 9.6 years, with an additional 10 years in options. The property is located across Crowell Rd from Stanislaus State University, which has a student enrollment of 9,198. The property benefits from its proximity to The Vista student housing project and multiple condo and apartment complexes with over 1,000 units combined. The location benefits from traffic counts of 32,357 vehicles per day. The surrounding area has a population of 94,000 residents within a 5-mile radius, with an average household income of $98,968.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Turlock
    County
    Stanislaus
    State
    California
    Longitude
    -120.863
    Latitude
    37.5223

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    FAQs

    What type of property is this?
    Strip mall - NNN leased retail property with long-term tenants and rent escalations.
    Where is this strip mall located?
    The property is located at 1203-1211 W Monte Vista Ave Turlock, CA.
    What is the asking price?
    The asking price for this property is $3,758,370.
    What are key features of this property?
    This property features: Passive NNN lease structure provides stable cash flow.; Scheduled rent bumps increase yield.; Long lease terms remaining between 5.3 and 9.6 years, with 10‑year options.
    (949) 451-1217 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ronnie Givargis
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