1009 & 1021 Mchenry Ave, Modesto, CA for sale

1009 & 1021 Mchenry Ave, Modesto, CA 95350

Accepting Offers

1009 & 1021 Mchenry Ave, Modesto, CA for sale

Asking Price

$4,725,000

1009 & 1021 Mchenry Ave, Modesto, CA for sale

1009 & 1021 Mchenry Ave, Modesto, CA 95350

Details

Asset Type: Real Estate

Estate: Leasehold

Year Built: 1956

Number of Units: 9

Property Size: 27,000 SF

Property Type: Retail

Occupancy %: 93

Land Area: 1.56 Acres

Parking Count: 58

Investment Highlights

Value add potential.
Corner lot.
High traffic retail corridor: Traffic count of 35,012 ADV on McHenry Ave directly in front of this property.
Monument signage for both 1009 McHenry Ave and 1021 McHenry Ave.
Complementary tenant mix which includes a variety of e-commerce resistant tenants such as neighborhood market, hair salon, and veterinary clinic.
Excellent average household income of $122,028 within a 0.3 mile radius.

Offering Summary

The Ballesteros Team at NAI Northern California is pleased to present for sale this exceptional value add retail opportunity located at 1009 McHenry Ave and 1021 McHenry Ave in Modesto, CA. This 1.56 AC property on a corner lot with two buildings consists of 9 units in total, 8 of those being part of 1009 McHenry Ave with 1021 McHenry featuring one 15,000 SF contiguous, newly leased unit.

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