For Sale
$1,835,000

1524 Richland AveCeres, CA 95307

High-yield, corporate-guaranteed NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a ±3,873 square foot free-standing commercial building in Ceres, CA, leased to Western Dental under a corporate-guaranteed Net Lease. Built in 2018, the property boasts 100% occupancy and benefits from a strong location at the signalized intersection of Hatch Road and Richland Avenue, enjoying high visibility and traffic counts exceeding 36,700 ADT. The lease features a 6.00% cap rate and includes four 5-year options with 10% rent bumps. The tenant, Western Dental, is a significant national brand with over 560 locations across 20 states, providing exceptional financial stability and security. The 0.42-acre lot houses a building ideally suited for its current use as a medical office, gas station, or QSR/fast food establishment. The lease expires April 30, 2028, offering a substantial holding period for investors. This is a rare opportunity to acquire a stable, high-performing net-leased asset with significant upside potential. The property's modern construction and prime location ensure long-term value and consistent cash flow. The asking price is $1,835,000.

Highlights

  • Corporate guaranteed lease.
  • High-traffic location at the signalized intersection of Hatch Road and Richland Avenue, exceeding 36,700 ADT.
  • Ten-year lease with 10% rental increases every five years.
  • 2018 construction with significant tenant-funded interior improvements.

Property Details for 1524 Richland Ave

Property type
Retail properties, Office properties
Square Feet
3,873 SF
Year Built
2018
Lot Size (sq. ft)
18,295 SF

Location Insight

City
Ceres
County
Stanislaus
State
California
Latitude
37.608693675913
Longitude
-120.96584979413
1524 Richland Ave, Ceres, California

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1524 Richland Ave
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