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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 6.8 AC
• Building Class B
• Year Built 1990
• Cap Rate 6.75 %
• Tenancy Multiple
• Zoning P-D1

30 Transit Score

50 Walk Score

Highlights

Grocery Shadow Anchored NNN Retail Center

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 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Bath & Body Works
Burlington
Carter's
Five Below
Mattress Firm
Petco
Tillys
Ulta