For Sale $1,646,000
Property Type Retail - Street Retail
Property Size 3,000 SF
Units 1
Lot Size 0.34 Acre
Property Tenancy Single Tenant
Year Built 1979
Year Renovated 2023
Date Updated Apr 16, 2024

-An absolute NNN leased cannabis tenant on a brand new, 10-year lease with two, 5-year options. The subject property is located within Country Club Village, a recently re-developed, CVS anchored, high traffic shopping center along CA-99 in the Central Valley.

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Attachments

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Highlights

Opportunity to acquire an absolute NNN single-tenant property: New, long term lease with STIIIZY includes two, 5-year options
Tenant was recently awarded one of the limited retail cannabis licenses issued in Madera
Lease is guaranteed by Shryne Group Inc., a California corporation
Rent commenced in 2023 and the property is projected to open in May 2024
Recent redevelopment – paint and façade refresh
The Country Club Village shopping center underwent a renovation in 2022 including a paint and façade upgrade
The Country Club Village shopping center is located between two signalized intersections on Country Club Drive, adjacent to Highway 99 (84,000 VPD)