For Sale
$320,000

40120 Ca-41Oakhurst, CA 93644

2,500 SF Single-Tenant Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
115
This fully leased, single-tenant retail building presents a compelling investment opportunity in Oakhurst, California. The 2,500 square foot storefront, situated on a 0.65-acre lot (APN 064-190-001-000), is currently leased to "Something Special," a well-established cooperative of mountain artists and retailers, under a five-year net-net lease with annual rent increases of $50. The current lease rate is $0.94 per square foot per month, significantly below market value, offering substantial potential for appreciation. The building boasts a prime location directly behind a McDonald's, benefiting from high visibility and traffic counts of approximately 18,757 vehicles daily on CA-41 and 12,644 on CA-49. The property features ample paved parking and an open layout including a large retail area, private offices, and restrooms. The building is well-maintained, with a recently applied Phoenix roof coating and regularly serviced air conditioning units. Its proximity to schools, neighborhoods, other retail amenities, and easy freeway access (CA-41) further enhances its desirability. The tenant, "Something Special," has operated successfully for approximately seven years, offering unique handcrafted items, home décor, and more. The asking price is $320,000 ($128 per square foot), less than the assessed value, making this a highly motivated seller opportunity. The property's location near Yosemite National Park (15.6 miles) and Bass Lake Recreation Area (9 miles) leverages the strong year-round tourism economy. The average household income within a five-mile radius is $94,195. This investment offers a blend of strong current income, significant upside potential, and a desirable location in a thriving community.

Highlights

  • Fully Leased, prime retail building.
  • Experienced operator with scheduled rent increases.
  • Absolute NNN lease with healthy annual increases.
  • Below-market lease rate offering significant value appreciation potential.
  • High visibility; directly behind McDonald's.
  • Motivated seller; asking price below assessed value.

Property Details for 40120 Ca-41

Property type
Retail properties, Retail space
Square Feet
2,500 SF
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Oakhurst
County
Madera
State
California
Latitude
37.332081498964
Longitude
-119.65494468765
40120 Ca-41, Oakhurst, California

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40120 Ca-41
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