For Sale
$7,185,000
1800 Prescott Rd Modesto, CA 95350
High-traffic Modesto retail investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Briggsmore Plaza, a 53,079 SF Class B shopping center in Modesto, CA, offers a 7.15% cap rate and $513,574 NOI.
- The 100% occupied property features In-Shape Family Fitness and two other tenants, with leases extending to December 31, 2030 (6.1 years remaining).
- Located on a 5.06-acre lot (P-D zoning), the single-story building (built 1974, renovated 2018) benefits from high traffic counts (50,000+ vehicles daily on Briggsmore Ave, 24,000+ on Prescott Rd) and excellent visibility via two pylon signs.
- Strong demographics include a 5-mile population of 224,319 with $109,455 average household income. The property is offered at $7,185,000 ($135.36/SF).
- This NNN investment at 1800 Prescott Road, Modesto, CA 95350, is situated near Highway 99 and other established shopping centers.
Property Details for 1800 Prescott Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 53,079 SF
- Class
- B
- Year Built/Renovated
- 1974/2018
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 220,414 SF
- Units
- 3
Location Insight
- City
- Modesto
- County
- Stanislaus
- State
- California
- Latitude
- 37.672212989803
- Longitude
- -121.02931843429
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-traffic Modesto retail investment
- Where is the lifestyle center located?
- The property is located at 1800 Prescott Rd Modesto, CA.
- What is the asking price?
- The asking price for this property is $7,185,000.
- What are key features of this property?
- This property features: Briggsmore Plaza, a 53,079 SF Class B shopping center in Modesto, CA, offers a 7.15% cap rate and $513,574 NOI.; The 100% occupied property features In-Shape Family Fitness and two other tenants, with leases extending to December 31, 2030 (6.1 years remaining).; Located on a 5.06-acre lot (P-D zoning), the single-story building (built 1974, renovated 2018) benefits from high traffic counts (50,000+ vehicles daily on Briggsmore Ave, 24,000+ on Prescott Rd) and excellent visibility via two pylon signs.
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