1320 Mchenry Ave Modesto, CA 95350
Property profile & analytics
1320 Mchenry Ave Modesto, CA 95350
- Commercial land
- 0.59 lot acres
Property ID
US09-3093913
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 1320 Mchenry Ave
- Lot size
- 0.59 lot acres
- Zone code
- MOD C-2
- Property type
- Commercial land
- APN
- 031-011-055-000
- APU
- 31011055000
Description
This exceptional investment opportunity presents a brand-new, 2024-constructed, approximately 1,300 square foot Starbucks drive-thru building in Modesto, California. Located at 1320 McHenry Ave, 95350, this free-standing building sits on a 0.59-acre lot and benefits from a high-traffic location with over 55,300 ADT on McHenry and Orangeburg Avenues. The property boasts a strong 10-year triple-net (NNN) lease with Starbucks Corporation, an investment-grade tenant with a credit rating and corporate guarantee. The lease, expiring February 28, 2035, includes 10% rent bumps every five years, ensuring consistent income growth. The current net operating income (NOI) is $152,500, resulting in a 5.25% cap rate. The property's strategic location near Walgreens, Pep Boys, other QSRs, and Modesto Doctors Hospital further enhances its value. This is a rare opportunity to acquire a pride-of-ownership, build-to-suit property with a long-term lease commitment from a highly reputable tenant. The tenant is responsible for exterior maintenance. This is a 100% occupied, single-tenant property offering exceptional stability and return on investment. The property is a drive-thru prototype building.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Modesto
- County
- Stanislaus
- State
- California
- Longitude
- -120.993
- Latitude
- 37.6626
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,240
$422,318
$37,606
$459,924
-
$0.00
$0.00
$0.00
