OFFERING PRICE:
$1,925,000

TOTAL BUILDING AREA:
±3,600 SF

TOTAL LAND AREA:
±52,830 SF
(±1.21 Acres)
FEATURED LISTING:
PANDA EXPRESS
at Merced Marketplace
1786 W. Olive Avenue, Merced, CA
INVESTMENT HIGHLIGHTS
 
▪ Corporate Guaranteed NNN Investment – 100% NNN leased to Panda Express, the largest Asian-dining concept in the US. Family-owned since 1983, the company currently operates over 2,200 locations
 
▪ Significantly Below Market Rent – Panda Express is only paying $2.22 PSF/month in rent, estimated to be approximately 32% below market, increasing the probability of long-term occupancy and also providing strong intrinsic real estate fundamentals and an upside opportunity in the future at lease expiration
 
▪ Proven Drive-Thru Restaurant Use – Drive-thru restaurants have proven to be resilient in a variety of economic conditions – the property has a proven history as a Panda Express drive-thru (since 2003) and the tenant remained open and paying full rent during COVID-19
 
▪ Best of Class Asset – Merced Marketplace is arguably the highest quality retail center in the Merced trade area given its architecture, well-maintained condition with limited deferred maintenance, and national and regional brand tenancy
 
▪ Convenient Location with Tremendous Access – Strategically located along Olive Ave (37,794 cars per day), the major east/west thoroughfare in the trade area
 
▪ Small Price Point Pride of Ownership Investment – High-quality asset with national corporate tenancy, coveted drive-thru use, and low rent fundamentals, all at a very attractive price point of only $1,925,000

 

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
NRP-WEST
JOHN READ
+1 949 725 8606
Lic. 01359444
[email protected]		 JAMES TYRRELL
+1 949 725 8473
Lic. 02012964
[email protected] 		 TRENT STEEVES
+1 949 725 8563
Lic. 01950466 [email protected]

 



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