Western Dental | Corporate Lease

3,873 SF | Retail Building | Ceres, CA 95307 | $1,835,000 ($474/SF) | 6% Cap Rate

Asking Price $1,835,000

Property Type: Retail, Restaurant
Square Feet: 3,873 SF
Price / Square Foot: $474

Listing Contacts

Bryan Cifranic

Verified Profile

Shane Anderson

Verified Profile

Property Info

Property Overview

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this ±3,873 square foot free-standing commercial building leased to the Western Dental and located at the signalized intersection of Hatch Road and Richland Avenue in Ceres, California. The subject property is well positioned with visibility from Hatch Road, a strategic commercial thoroughfare connecting the southern portion of the City of Modesto and northern portion of the City of Ceres, to State Highway 99 to the west of the subject property. This offering presents an investor with an opportunity to acquire a single tenant corporate net-leased asset.

Property Details

Class: B
Year Built: 2018
Stories: 1
Property Subtype: Freestanding, Medical
Lot Size (sq. ft): 18,295 SF

Highlights

Corporate Guaranteed Lease | Tenant’s Parent Company Manages over 560 Locations in 20 States
Over 36,700 ADT at the Signalized Corner of Hatch Road and Richland Avenue
10% Rental Increases Every 5-Years in the Option Periods
2018 Construction | Major Investment by Tenant for Interior Improvements

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