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301 W Olive Ave

Madera, CA 93637

$2,479,000

Freestanding For Sale  •  7,000 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 7,560 Sq Ft
  • Lot Size 0.61 ac
  • Building Class C
  • Year Built 1998
  • Cap Rate 5.25 %
  • Tenancy Single
  • Zoning C1
28 Transit Score
74 Walk Score

Description

The subject property is located at the corner of South I Street and Olive Avenue with a combined 14,000 vehicles passing by each day. The asset is a pad to the Rite Aid and Planet Fitness anchored Bethard Square Shopping Center, and is strategically positioned at the entrance points to the center with excellent visibility and frontage. The property is located directly off the Golden State Highway/State Highway 99 (55,000 VPD) with direct on/off ramp access. O’Reilly Auto Parts benefits from nearby national/credit tenants that include Walmart, Lowe’s, Food 4 Less, Pak N Save, The Home Depot, dd’s Discounts, Dollar Tree, and more, further increasing consumer traffic and crossover shopping. The 5-mile trade is supported by a population of nearly 85,000 residents with an average household income of $61,000.

Highlights

New 10-Year Lease Extension | Historical Occupancy
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Hard Corner Location | Just Off Golden State Highway (55K VPD)
Pad To Shopping Center | Nearby National/Credit Tenants
Dense Population In 5-mile Trade Area
Cap Rate: 5.25 %

Major Tenants

Tenant SF Occupied Lease End Date
O'Reilly Auto Parts 7,560 SF 9/30/2028

Amenities

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign

Public Transportation

AirportDriveWalkDistance
Fresno Yosemite International Airport 30 min - 28.6 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
John Redfield 949-698-1113 SRS Real Estate Partners
John Redfield 949-698-1113 SRS Real Estate Partners