For Sale
$899,000

226 1St StTurlock, CA 95380

High-yield retail investment, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 4,750 square foot Class B storefront located at 226 N 1st St, Turlock, CA 95380, within the Downtown Core zoning district. The property boasts a strong 6.87% cap rate, generating a pro-forma NOI of $61,750. Currently leased under a gross lease agreement with a single tenant for a remaining term of four years, with options for lease extensions of two to five years. The asking price is $899,000, translating to $189.26 per square foot. This one-story building benefits from high visibility and foot traffic in a thriving commercial area with excellent public transportation access. Its versatile layout makes it suitable for a variety of retail uses, including boutiques, galleries, or event spaces. The property's location within the bustling downtown district ensures consistent rental demand and strong potential for appreciation. This is a rare chance to acquire a high-performing retail asset in a desirable California market. The property offers significant upside potential for investors seeking a stable income stream and long-term growth. This is a turnkey investment ready for immediate income generation.

Highlights

  • $899,000 asking price for this 4,750 square foot retail storefront.
  • Located at 226 N 1st St, Turlock, CA 95380 in the Downtown Core zoning district.
  • Gross lease, single tenant, with 4 years remaining and 2-5 year lease options.
  • Class B building with a 6.87% cap rate and a pro-forma NOI of $61,750.
  • Price per square foot is $189.26.

Property Details for 226 1St St

Property type
Retail properties, Retail space
Square Feet
4,750 SF
Class
B
Stories
1

Location Insight

City
Turlock
County
Stanislaus
State
California
Latitude
37.495383005767
Longitude
-120.84833103143
226 1St St, Turlock, California

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226 1St St
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