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$1,595,000
Est. payment /mo
0.38 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25069331
HOA Y/N No
Year Built 1992
Annual Tax Amount $13,085
Lot Size 0.380 Acres
Property Sub-Type Retail
Property Description
Coldwell Banker Best Realty is pleased to present an Absolute Net Leased Rally's restaurant located at 2310 W Cleveland Ave., Madera, California. This location has been successfully operating since 2013 and has eight years remaining on the lease, which originally commenced that same year.
The tenant is a well-established, family-owned franchisee with over 30 years of experience, operating 11 Rally's locations. The lease includes three (3) five-year option periods, with 10% rental increases every five years.
Strategically positioned near the intersection of Cleveland Ave. and N. Schnoor Ave., the property is just 0.5 miles from the California 99 Freeway. It is located in the central retail hub of Madera, surrounded by national credit tenants such as McDonald's, Taco Bell, Food 4 Less, Lowe's, Walmart, Walgreens, Dollar Tree, Office Depot, and Petco.
The tenant is a well-established, family-owned franchisee with over 30 years of experience, operating 11 Rally's locations. The lease includes three (3) five-year option periods, with 10% rental increases every five years.
Strategically positioned near the intersection of Cleveland Ave. and N. Schnoor Ave., the property is just 0.5 miles from the California 99 Freeway. It is located in the central retail hub of Madera, surrounded by national credit tenants such as McDonald's, Taco Bell, Food 4 Less, Lowe's, Walmart, Walgreens, Dollar Tree, Office Depot, and Petco.
Location
State CA
County Madera
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Water Not Available
Building
Lot Description 0-1 Unit/Acre
Story 1
Water None
Others
Tax ID 006390019
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Jae Jung • Coldwell Banker Best Realty • 9492136065
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Chi Hye Williams
Broker Associate | License ID: 01912994
Broker Associate License ID: 01912994