![]() ![]() We obtained the information above from sources we believe to be reliable. Small Price Point Pride of Ownership Investment – High-quality asset with national corporate tenancy, coveted drive-thru use, and low rent fundamentals, all at a very attractive price point of only $1,925,000 Proven Drive-Thru Restaurant Use – Drive-thru restaurants have proven to be resilient in a variety of economic conditions – the property has a proven history as a Panda Express drive-thru (since 2003) and the tenant remained open and paying full rent during COVID-19īest of Class Asset – Merced Marketplace is arguably the highest quality retail center in the Merced trade area given its architecture, well-maintained condition with limited deferred maintenance, and national and regional brand tenancyĬonvenient Location with Tremendous Access – Strategically located along Olive Ave ( 37,794 cars per day), the major east/west thoroughfare in the trade area Significantly Below Market Rent – Panda Express is only paying $2.22 PSF/month in rent, estimated to be approximately 32% below market, increasing the probability of long-term occupancy and also providing strong intrinsic real estate fundamentals and an upside opportunity in the future at lease expiration Family-owned since 1983, the company currently operates over 2,200 locations Corporate Guaranteed NNN Investment – 100% NNN leased to Panda Express, the largest Asian-dining concept in the US.
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