Building Details

Building Size 17,995 SF

Listing Agency: CP Partners

Listed By: David Kram · License #CalDRE #01848816 Show Phone

Source: Cppcre

Added: Apr 12 Changed: Oct 1 Last Checked: Oct 20 at 7:31PM

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Investment Insights

Based on property information with market context.

3500 Sisk is a NNN retail center positioned for strong freeway visibility. The property is adjacent to Vintage Faire Mall and offers shared driveway access.

Vintage Faire Mall includes a mix of well-known national retailers such as Coach, Sephora, Dick’s Sporting Goods, Victoria’s Secret, Apple, and H&M, among others.

The offering does not include the former Babies R’ Us, La-Z-Boy, or Serpentarium spaces.

Key Highlights

• NNN retail center at 3500 Sisk in Modesto
• Highly freeway visible along the best retail corridor in Modesto
• Adjacent to Vintage Faire Mall with shared driveway access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$279,086

Cap Rate

5.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,581,720 $5.6M

Cap Rate 7%

$3,986,943 $4.0M

Cap Rate 9%

$3,100,956 $3.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,995 SF

Gross rent

$423.2K $23.52/SF

− Vacancy

−$24.5K −$1.36/SF

EGI

$398.7K $22.16/SF

− OpEx

−$119.6K −$6.65/SF

NOI

$279.1K $15.51/SF

Area

Modesto, CA

Vacancy

5.80%

Lease Rate

$23.52 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,581,720

Cap Rate 7%

$3,986,943

Cap Rate 9%

$3,100,956

Alternative Uses

Best Use

Retail

$3.99M

$3.49M – $4.65M (±1% cap)

NOI $279,086 @ 7.0% cap · market cap 5.23%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.05M

$5.29M – $7.05M (±1% cap)

NOI $423,242 @ 7.0% cap · market cap 7.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The Dance Academy Training Center Bostwick Optometric - Provider ... Physician Bostwick Optometric Eye Care Center PLAY Modesto Family Recreation Center La-Z-Boy Home Furnishings ... Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

886

Businesses Nearby

872k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 54% Superstores 15% Dining 11% Electronics 10%

Macy's Apparel

135,633 visits/mo 0.2 miles

Target Superstores

132,323 visits/mo 0.4 miles

DICK'S Sporting Goods Apparel

117,525 visits/mo 0.4 miles

JCPenney Apparel

80,778 visits/mo 0.2 miles

T.J. Maxx Apparel

73,290 visits/mo 0.2 miles

Demographics for 95356, CA

33,070

Population

11,802

Households

2.8

Avg Household Size

40

Median Age

29%

College-Educated

90%

High-School Grad

22.2 sq mi

ZIP Area

1,490

Density / Sq Mi

$95,376

Median Household Income

$52,867

Median Earnings

$1,794

Median Rent

$495,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• White Barn — Vintage Faire, Modesto, CA 95356
• Sunglass Hut — 479 Vintage Faire Mall #2B, Modesto, CA 95356
• Aim Point — Vintage Faire Mall, Modesto, CA 95356
• Cozy Fox — Vintage Faire Mall, Modesto, CA 95356
• D.S Toys — Vintage Faire Mall, Modesto, CA 95356

Frequently Asked Questions

What type of property is this?

Shopping center - NNN retail center with freeway visibility and shared driveway access adjacent to Vintage Faire Mall in Modesto.

Where is this shopping center located?

The property is located at 3500 Sisk Rd Modesto, CA.

What is the asking price?

The asking price for this property is $5,333,000.

What are key features of this property?

This property features: NNN retail center at 3500 Sisk in Modesto; Highly freeway visible along the best retail corridor in Modesto; Adjacent to Vintage Faire Mall with shared driveway access