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Listed by Jae Jung • Coldwell Banker Best Realty
$ 1,595,000
Est. payment /mo
Active
2310 West Cleveland Avenue Madera, CA 93637
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-25069331
Year Built 1992
Annual Tax Amount $13,085
Property Sub-Type Retail
Property Description
Coldwell Banker Best Realty is pleased to present an Absolute Net Leased Rally's restaurant located at 2310 W Cleveland Ave., Madera, California. This location has been successfully operating since 2013 and has eight years remaining on the lease, which originally commenced that same year. The tenant is a well-established, family-owned franchisee with over 30 years of experience, operating 11 Rally's locations. The lease includes three (3) five-year option periods, with 10% rental increases every five years. Strategically positioned near the intersection of Cleveland Ave. and N. Schnoor Ave., the property is just 0.5 miles from the California 99 Freeway. It is located in the central retail hub of Madera, surrounded by national credit tenants such as McDonald's, Taco Bell, Food 4 Less, Lowe's, Walmart, Walgreens, Dollar Tree, Office Depot, and Petco.
Location
State CA
County Madera
Interior
Laundry None
Building
Lot Description 0-1 Unit/Acre
Others
Virtual Tour https://mls.homejab.com/property/2310-w-cleveland-ave-madera-ca-93637-usa