37303 Avenue 12Madera, CA 93636

Property Details for 37303 Avenue 12

Lot size

1.01 AC

Property type

Land

Property subtype

Commercial land

APN

049-216-020-000

APU

49216020000

Description

This exceptional investment opportunity presents a freestanding Dollar General store building located at 37303 Avenue 12, Madera, CA. The property encompasses 9,026 square feet and sits on a 1.02-acre lot in a high-traffic area. Currently operating under a triple-net lease, the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance, maximizing investor returns. The current lease agreement provides a substantial net operating income (NOI) of $139,467 annually, translating to a monthly income of $11,622. This translates to a strong 6% capitalization rate. The existing lease agreement extends until 2030, offering long-term stability and predictable cash flow. Furthermore, the lease includes a valuable 10% rent increase option, providing potential for future income growth. This turnkey investment is ideal for passive income seekers or those looking to diversify their portfolio with a proven, established tenant in a prime location. The property's strong performance metrics and long-term lease make it a compelling opportunity for discerning investors. The building's location on a busy street ensures high visibility and consistent customer traffic, further enhancing its investment potential. This is a rare chance to acquire a stable, high-performing commercial property in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $11,052,694

  Hospitality

  $10,124,208

  Educational

  $8,423,222

  Medical

  $8,712,910

  Retail

  $13,102,790

Location Insight

City

Madera

County

Madera

State

California

Latitude

36.9236

Longitude

-119.871

CBSA code

31460

CBSA name

MADERA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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