165 Mercy Spg Los Banos, CA 93635
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.