1011 W Olive Ave
Merced, CA 95348

$30,500,000 USD

Department Store For Sale • 85,892 SF

Property Details

Property Type Department Store
Total Building Size 85,892 SF
Lot Size 8.06 AC
Building Class B
Year Built 1990
Cap Rate 6.75 %
Tenancy Multiple
Zoning P-D1

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Synergistic Tenancy Line Up with Ideal Merchandising Mix
                            
                                100% leased to National / Regional recognized credit tenants
                            
                                Highly Secured Long-Term Income Stream with New 10-Year NNN Leases
                            
                                Irreplaceable “Main & Main” Location in the Heart of Merced’s Retail Corridor
                            
                                Tremendous Underlying Retail Market Fundamentals with Low Vacancy & Scarce Supply

Cap Rate:

6.75 %

Simon Mattox 310-796-6229 Kidder Mathews

1011 W Olive Ave Merced, CA 95348

$30,500,000 USD

Property Details

Highlights

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1011 W Olive Ave
Merced, CA 95348