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Raley’s, Merced, CA

Raley’s

CA, United States

Price $8,900,000
Cap Rate
NOI
Lease Term 5 Years
Lease Type
Rental Increases Flat
Year Built 1990
Building Size 60,114 sq. ft.
Lot Size 5.3 Acres (230,868 sq. ft.)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vince Aicale
Senior Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Senior Managing Director
415.228.9114
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NNN LEASE TO INVESTMENT GRADE TENANT
» NNN lease provides ideal low-management investment for an out-of-area investor
» Raley’s is rated “B+” by S&P

STRONG OPERATING HISTORY AND SALES VOLUME
» Raley’s exercised their first option, demonstrating their commitment to the location
» Excellent sales volumes at $545 per square foot
» Annual sales for 2015 were $32,776,970

BUSY LOCATION IN POPULAR RETAIL CENTER
» Located at a hard corner, signalized intersection, with 34,186 vehicles per day in front of the site
» Situated in large shopping center featuring Wells Fargo, Jiffy Lube, Great Clips, Verizon, and others
» Close proximity to California State Route 99 (52,000 AADT) and California State Route 140 (19,100 AADT)

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Directly across from Merced College, with an enrollment of 14,611 students
» Surrounded by dense residential neighborhoods, which are served by Raley’s


Property Description

SOLD

The property is located in the Yosemite North Shopping Center at the hard corner of G Street and East Yosemite Avenue. The intersection experiences a traffic count of 34,186 vehicles per day. California State Routes 99 and 140 are just over two and a half miles from the site, and boast a combined traffic count of 71,100. The property benefits from its location in a popular retail center; other retailers in the Yosemite North Shopping Center include Wells Fargo, Jiffy Lube, Great Clips, Verizon, and others. Merced Mall is approximately a mile southwest of the site. With 620,000 square feet of retail area, Merced Mall features 80 stores, including Target, JCPenney, Sears, and Kohl’s.

Merced College is directly across from the property. The college has an enrollment of 14,611 full-time students. Additionally, the property is surrounded by residential neighborhoods, which are served by Raley’s.

Contact Us About This Property

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