Listing Agent: Nickolas Queen, Century 21 Select Real Estate
Century 21 Select is pleased to present 901 Commerce Avenue in Atwater California. This property is a 2022 build with an absolute NNN corporate guaranteed lease to Oil Changers recently acquired by Valvoline Inc in 2025.The lot size is approximately .92 acres and the building size is approximately 1,794 sqft. The subject property sits directly across a Target, Walmart supercenter, Marshalls and Applebee's just to name a few of the strong tenants in the immediate area. Along with the property being surrounded by many strong tenants it is also near the on and off ramps of HWY 99 adding to the parcel's long term value. The building was completed in 2022 and has an initial term of 15 years that commenced in November 2022. At the time of listing there are approximately 11 years left of the initial term. The next rent increase will be in Nov 2027. The property is listed at a pro forma cap rate of 4.25% reflecting the next rent increase in November 2027 however the seller is willing to credit the difference of the current rent amount and the pro forma cap rate assuming the sale is closed before the next rent increase.
Property Type
Commercial Sale
Property Sub Type
Specialty
Special Listing Conditions
Standard
Stories Total
1
Entry Level
1
Building Status
Existing
Price Per Square Foot
$1,948
Days On London
0
County Or Parish
Merced
Directions
Across the street from applebee's
Laundry Features
None
Water Source
Public
Condo Area Units
Square Feet
Common Interest
None
Parcel Number
003180028000
Additional Parcels Y/N
No
71109
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0
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