McHenry Village — Sale in Modesto, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Modesto, CA 95350
- Year built: 1953
Photos
Description
JLL has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire McHenry Village (the “Property”), a 304,134 SF grocery/drug-anchored shopping center in Modesto, California. Currently ±87.7% occupied, the Property is anchored by Sprouts and CVS Pharmacy, with Sprouts recently demonstrating long-term commitment through a 15-year lease extension taking their term through 2041, while CVS’s term extends through 2034. The Property offers a compelling combination of strong performance and measurable upside via lease-up, generating a 5-year CAGR of ±7.08% and 10-year CAGR of ±4.83%. In addition, the Property commands exceptional visibility with 930 feet of frontage along McHenry Avenue at its heavily trafficked intersection with E Briggsmore Avenue, capturing approximately 60,000 vehicles per day at this strategic corner location.
Market Context
This retail in Modesto, CA is listed for sale. The building dates to 1953. Compare it against other retail listings for sale in Modesto, CA — view the full market.
Contact
- Daniel Tyner · 9497984125 · daniel.tyner@jll.com
- Geoff Tranchina · 3106943180 · geoff.tranchina@jll.com
- Gleb Lvovich · 9497984115 · gleb.lvovich@jll.com
- Eric Kathrein · 4155106961 · eric.kathrein@jll.com
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