1524 Richland AveCeres, CA 95307

Property Details for 1524 Richland Ave

Year built

2017

Construction

WOOD

Lot size

0.42 AC

Property size (Sq ft)

3,873 SF

Zone code

PC

Property type

Medical offices

Property subtype

Medical centers

APN

040-086-085-000

APU

40086085000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,295,990

  6.5%

  $1,196,290

  7%

  $1,110,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,080,220

  Geo Method

  $1,080,220

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,193,720

  Retail / Commercial

  $1,156,550

  Mixed-Use / Specialty

  $1,177,340

  Hospitality / Lodging

  $896,213

  Institutional / Educational

  $1,232,860

  Residential Income

  $1,442,450

  Multifamily

  $1,591,870

  Automotive / Energy

  $1,056,740

  Parking / Income-Based Land

  $340,053

  Restaurant / Food Service

  $665,515

  Healthcare / Senior Housing

  $1,181,790

Location Insight

City

Ceres

County

Stanislaus

State

California

Latitude

37.6085

Longitude

-120.966

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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