3120 Mchenry Ave, Modesto, CA 95350-1440
- Auto shops
- 15,060 SF
- 2.12 lot acres
Current Use by Public Records
- Leer Automotive Pre-Owned / Car Dealership
- American Tire Depot - Modesto II / (Bike/Boat/Book/etc) Store / Auto Parts Store
- DriveTime Used Cars / Car Dealership
Property Details for 3120 Mchenry Ave
- Year built
- 1966
- Construction
- STEEL FRAME
- Lot size
- 2.12 lot acres
- Property type
- Auto shops
- APN
- 013-014-002-000
- APU
- 13014002000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 1, 2022 | — | Mira Vista Park LLC | — | Deed · related | $6.7M · Bbcn Bank |
| Oct 19, 2017 | — | Mira Vista Park LLC | — | Deed · related | $20M · Cathay Bank |
| Mar 3, 2010 | $1,200,000 | Mira Vista Park LLC | Premier Vly Bk | Grant Deed | $612k · Zions First National Bank |
| Jan 30, 2009 | $1,600,000 | Premier Vly Bk | Chicago Title Co | Trustees Deed · related | — |
| Dec 28, 2006 | — | Stefan Leer | Leer,cori | Quit Claim Deed · related | — |
| Dec 28, 2006 | $3,200,000 | Stefan Leer | Hammon,eric D | Grant Deed | $1.7M · Premier Valley Bank |
| Dec 15, 2006 | — | Eric D Hammon | Mitsubishi Motors North Americ | Quit Claim Deed · related | — |
| May 18, 2005 | — | Eric D Hammon | Mitsubishi Motors Credit | Grant Deed | — |
| Jan 7, 2005 | $1,520,000 | Mitsubishi Motors Credit Of Ameri | Korman,michael | Quit Claim Deed · related | — |
| Sep 26, 2003 | — | Michael Korman | — | Deed Of Trust · related | $3.2M · Capitol Valley Bank |
| Feb 15, 2002 | $1,500,000 | Michael Korman | Mistlin Trust | Grant Deed | $975k · Bayview Fin'l Trading Group |
| Feb 15, 2002 | — | Michael Korman | Korman,stephanie | Quit Claim Deed · related | — |
| Aug 8, 2000 | — | Mistlin Trust | Mistlin,anthony A & Joan H | Quit Claim Deed · related | — |
| — | — | Michael Korman | — | Deed Of Trust · related | — |
| — | — | Michael Korman | — | Deed Of Trust · related | $500k · Mitsubishi Motors Credit Ameri |
| — | — | Mira Vista Park LLC | — | Deed Of Trust · related | $440k · Cdc Small Business Finance Co |
Description
This exceptional investment opportunity presents a 15,060-square-foot retail property located at 3120 McHenry Ave, Modesto, CA 95350. The property is a single-tenant, 100% occupied auto dealership leased to Drive Time under a NNN lease with a corporate guarantee. The lease commenced on December 13, 2021, and expires on March 31, 2027. The asking price is $5,324,000, representing a compelling $353.52 per square foot and a 4.50% cap rate. Situated on a 2.12-acre lot, the single-story building was constructed in 1966. The property benefits from its prime location in Modesto, California, just off Highway 99 in Stanislaus County, a thriving agricultural region. Modesto boasts a population of approximately 223,654, making it the county's largest city. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any investment portfolio. The property's APN is 013-014-002-000. This is a ground lease-free opportunity.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,402,000
Market price range: $1.40M - $4.74M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Modesto
- County
- Stanislaus
- State
- California
- Longitude
- -120.993
- Latitude
- 37.6836
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
