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    1800 Prescott Rd Modesto, CA 95350

    Sponsored
    For Sale
    $7,185,000

    High-traffic Modesto retail investment

    Property size:
    53,079 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Briggsmore Plaza, a 53,079 square foot, Class B shopping center in Modesto, CA, presents a compelling investment opportunity. This 100% occupied, multi-tenant property boasts a 7.15% cap rate and a strong NOI of $513,574. The property features three tenants, including In-Shape Family Fitness, with leases extending to December 31, 2030, offering a remaining term of 6.1 years. Built in 1974 and renovated in 2018, the single-story building sits on a 5.06-acre lot zoned P-D (Planned Development). The property benefits from a high-traffic location with daily counts exceeding 50,000 vehicles on Briggsmore Avenue and 24,000 on Prescott Road, enhanced by a signalized intersection with eight points of access. The strong demographics include a 5-mile population density of 224,319 with an average household income of $109,455. Two pylon signs provide excellent visibility. The asking price is $7,185,000, translating to $135.36 per square foot. Lease details, including rent bumps and three 5-year lease options, are available in the brochure. This is a Net Lease (NNN) investment with a lease commencement date of January 21, 2005. The property's location is 1800 Prescott Road, Modesto, CA 95350, within a retail corridor near Highway 99 and other established shopping centers.

    Property Features for 1800 Prescott Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    53,079 SF
    Class
    B
    Lot Size
    220,414 SF

    Building Details

    Year Built/Renovated
    1974/2018
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Briggsmore Plaza, a 53,079 SF Class B shopping center in Modesto, CA, offers a 7.15% cap rate and $513,574 NOI.
    • The 100% occupied property features In‑Shape Family Fitness and two other tenants, with leases extending to December 31, 2030 (6.1 years remaining).
    • Located on a 5.06‑acre lot (P‑D zoning), the single‑story building (built 1974, renovated 2018) benefits from high traffic counts (50,000+ vehicles daily on Briggsmore Ave, 24,000+ on Prescott Rd) and excellent visibility via two pylon signs.
    • Strong demographics include a 5‑mile population of 224,319 with $109,455 average household income. The property is offered at $7,185,000 ($135.36/SF).
    • This NNN investment at 1800 Prescott Road, Modesto, CA 95350, is situated near Highway 99 and other established shopping centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    California Check Cashing ... Financial Institution Taco Bell Fast Food Restaurant McDonald's Fast Food Restaurant Bottoms Up Espresso Espresso Bar La Michoacana Premium Ice Cream Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Modesto
    County
    Stanislaus
    State
    California
    Longitude
    -121.02931843429
    Latitude
    37.672212989803

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic Modesto retail investment
    Where is this lifestyle center located?
    The property is located at 1800 Prescott Rd Modesto, CA.
    What is the asking price?
    The asking price for this property is $7,185,000.
    What are key features of this property?
    This property features: Briggsmore Plaza, a 53,079 SF Class B shopping center in Modesto, CA, offers a 7.15% cap rate and $513,574 NOI.; The 100% occupied property features In-Shape Family Fitness and two other tenants, with leases extending to December 31, 2030 (6.1 years remaining).; Located on a 5.06-acre lot (P-D zoning), the single-story building (built 1974, renovated 2018) benefits from high traffic counts (50,000+ vehicles daily on Briggsmore Ave, 24,000+ on Prescott Rd) and excellent visibility via two pylon signs.
    Request Owner's contact information
    1800 Prescott Rd Modesto, CA 95350
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    1800 Prescott Rd
    Modesto, CA 95350
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1800 Prescott Rd Modesto, CA 95350
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