1320 Mchenry Ave Modesto, CA 95350

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.