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501 E Main Street

Turlock, CA 95380
  • $3,749,000
  • STATUS: Active
  • ON SITE: 148 Days
  • ID#: 223095434
UPDATED: 30 min ago
$3,749,000
  • 0
    BEDS
  • 1.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,478
    SQFT
  • $278
    $/SQFT
Type:
Commercial
Built:
1971
County:

School Ratings & Info

Description

SELLER FINANCING AVAILABLE - BELOW MARKET INTEREST RATE!Discover a prime investment opportunity featuring Bank of America as the nationally recognized tenant, strategically located in Downtown Turlock, California. This property boasts a 13,478 square foot freestanding building on a 1.17-acre parcel. What makes this investment exceptional is the Bank of America tenant, occupying the entire building on an absolute NNN lease. This lease structure guarantees steady rental income with built-in rent increases every five years, ensuring long-term financial stability. Bank of America has committed to a 5-year lease extension until 2029, and 15 renewal options offer a safeguard against inflation. Strategically situated in the Central Valley market, known for its growth and economic vitality, this Bank of America branch consistently records strong annual deposits solidifying its commitment to the community and the property's desirability.In summary, this investment offers a rare opportunity to acquire a stable, investment-grade property with a renowned national tenant in a robust market. A premier tenant, favorable lease terms, and an ideal location make this property an excellent choice for secure and prosperous real estate investing.

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Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-02-28T09:40:04.433. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.showcaseproperties.com/homes/143997440
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501 E Main Street Turlock, CA 95380

  • Price: $3,749,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 30 min ago
  • ID#: 223095434
0
Beds
0
Baths
0
½ Baths
1.18
Acres
13,478
SQFT
$278
$/SQFT
1971
Built
Neighborhood:
Turlock SE, So of Canal, E of La
County:
Stanislaus
Area:
Turlock SE, So of Canal, E of La
Property Description
SELLER FINANCING AVAILABLE - BELOW MARKET INTEREST RATE!Discover a prime investment opportunity featuring Bank of America as the nationally recognized tenant, strategically located in Downtown Turlock, California. This property boasts a 13,478 square foot freestanding building on a 1.17-acre parcel. What makes this investment exceptional is the Bank of America tenant, occupying the entire building on an absolute NNN lease. This lease structure guarantees steady rental income with built-in rent increases every five years, ensuring long-term financial stability. Bank of America has committed to a 5-year lease extension until 2029, and 15 renewal options offer a safeguard against inflation. Strategically situated in the Central Valley market, known for its growth and economic vitality, this Bank of America branch consistently records strong annual deposits solidifying its commitment to the community and the property's desirability.In summary, this investment offers a rare opportunity to acquire a stable, investment-grade property with a renowned national tenant in a robust market. A premier tenant, favorable lease terms, and an ideal location make this property an excellent choice for secure and prosperous real estate investing.
Exterior Features

Construction Materials See Remarks Dock Doors 0 Levels See Remarks Loading None Num Of Floors 0 Parking Features Open Roof Flat Total Parking Spaces 0.00

Interior Features

Cooling MultiUnitsSee Remarks Flooring Varies by Unit Heating MultiUnitsSee Remarks Num Of Elevators 0 Num Of Restrooms 0 Office Sq Ft 0 Retail Sq Ft 0 Warehouse Sq Ft 0

Property Features

Building Features Other Business Type CommercialProfessional ServiceOther Electric 220 Volts Income Includes Rent Lease Deposit 0 Lease Term 5 Years Location DowntownRestaurant Nearby Num Of Offices 0 Num Of Tenants 0 Property Condition Exterior-ExcellentUpdated/RemodeledInterior-Excellent Property Subtype Retail Property Type Commercial Sale Sewer Public Sewer Special Listing Conditions None Structure Retail Tenant Pays SewerElectricityTaxesGasTrash CollectionGrounds CareWaterInsuranceJanitorial ServicesMaintenance Utilities Other Water Source Public Year Renovated 0 Zoning Downtown Core (DC) zoning

Metrolist MLS logo Listing provided courtesy of Lifestyle Realty: . Listing information © 2024 MetroList Services, Inc.


Metrolist MLS logo © 2024 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2024-02-28T09:40:04.433. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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