SELLER FINANCING AVAILABLE - BELOW MARKET INTEREST RATE!Discover a prime investment opportunity featuring Bank of America as the nationally recognized tenant, strategically located in Downtown Turlock, California. This property boasts a 13,478 square foot freestanding building on a 1.17-acre parcel. What makes this investment exceptional is the Bank of America tenant, occupying the entire building on an absolute NNN lease. This lease structure guarantees steady rental income with built-in rent increases every five years, ensuring long-term financial stability. Bank of America has committed to a 5-year lease extension until 2029, and 15 renewal options offer a safeguard against inflation. Strategically situated in the Central Valley market, known for its growth and economic vitality, this Bank of America branch consistently records strong annual deposits solidifying its commitment to the community and the property's desirability.In summary, this investment offers a rare opportunity to acquire a stable, investment-grade property with a renowned national tenant in a robust market. A premier tenant, favorable lease terms, and an ideal location make this property an excellent choice for secure and prosperous real estate investing.
MLS #
ME223095434
MLS Source
MetroList Services, Inc.
Days on Site
211
Buyer's Brokerage Compensation*
2%
# Buildings / # Units
0
Parking Spaces
0
Present Use
Retail
Utilities
Other, Water - Public
Flooring
Varies by Unit
Cooling
Multi Units, Other
Heating
Heating - 2+ Units, Other
Roof
Flat
Sewer
Public Sewer
Water
Other, Public
Zoning
Downtown Core (DC) zoning
# Buildings | # Leased Units | # Total Units |
---|---|---|
0 | – | – |
501 E Main St is a Commercial Sale in Turlock, CA 95380. This 13,478 square foot property sits on a 1.177 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,499,900 and was built in 1971.
This address can also be written as 501 E Main St, Turlock, CA 95380.©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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This listing information is up-to-date as of April 12, 2024. For the most current information, please contact Sonny Uppal, (209) 585-6349