See all 2 photos
2 photos
REQUEST A TOUR
$3,495,000
Est. payment /mo
0.93 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID MC26214615
HOA Y/N No
Lot Size 0.927 Acres
Property Sub-Type Special Purpose
Property Description
Century 21 Select is pleased to present 901 Commerce Avenue in Atwater California. This property is a 2022 build with an absolute NNN corporate guaranteed lease to Oil Changers recently acquired by Valvoline Inc in 2025.The lot size is approximately .92 acres and the building size is approximately 1,794 sqft. The subject property sits directly across a Target, Walmart supercenter, Marshalls and Applebee's just to name a few of the strong tenants in the immediate area. Along with the property being surrounded by many strong tenants it is also near the on and off ramps of HWY 99 adding to the parcel's long term value. The building was completed in 2022 and has an initial term of 15 years that commenced in November 2022. At the time of listing there are approximately 11 years left of the initial term. The next rent increase will be in Nov 2027. The property is listed at a pro forma cap rate of 4.25% reflecting the next rent increase in November 2027 however the seller is willing to credit the difference of the current rent amount and the pro forma cap rate assuming the sale is closed before the next rent increase.
Location
State CA
County Merced
Interior
Fireplace No
Laundry None
Building
Lot Description Lot Over 40000 Sqft
Story 1
Water Public
Others
Tax ID 003180028000
Special Listing Condition Standard
Read Less Info
Listed by Nickolas Queen Century 21 Select Real Estate 209-201-7045, DRE #02118163
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION