Current Use by Public Records
- Retail properties & Spaces
Property Details for 165 Mercy Spg
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 0.75-acre lot in Merced County presents a fully entitled quick-service restaurant (QSR) opportunity. The 2,625 square-foot building plan includes outdoor seating and is part of a new, grocery-anchored shopping center in Los Banos, situated at the high-traffic intersection of Mercy Springs and Willmott Roads (approximately 14,000 vehicles per day). On and off-site improvements will be completed by the developer. The property benefits from its location near new and existing residential areas, schools (elementary, middle, and high schools within one mile), and the busy Highway 152. The shopping center will also feature a large grocery store anchor, a Shell gas station with a convenience store and car wash, and additional retail spaces. This single-tenant ground lease offers an 180-month term at an annual rate of $135,000. Expected delivery is in the first quarter of 2025. This is an ideal opportunity for a QSR operator seeking a prime location in a rapidly growing area with strong demographics and excellent visibility.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Banos
- County
- Merced
- State
- California
- Longitude
- -120.834
- Latitude
- 37.0703
