Active
501 E Main Street
Turlock CA, 95380
$3,499,900
$259.68 per sqft
Active
13,478 sqft
Commercial
Built in 1971
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.
223095434
MLSⓇ ID
April 25, 2024
Updated
Map
501 E Main Street
Turlock CA, 95380
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.18 Acres
Sewer
Public Sewer
Other Property Details
Area Name
20303
Garage
No
View
No
County
Stanislaus
Water Source
Public
Pool
No
Zoning
Downtown Core (DC) zoning
Buyer Agency Compensation
2%
Courtesy of Lifestyle Realty, Sonny Uppal,
Listing Contact:
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