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Bldg A 3908 Mitchell Rd 3,000 SF Retail Building Ceres, CA 95307 $3,500,000 ($1,166.67/SF) 6.17% Cap Rate


Investment Highlights
- 20-Year Absolute NNN lease (no landlord responsibilities)
- Neighboring retailers include Super Walmart, Starbucks, In-N-Out Burger, Popeyes, Panda Express, Chipotle, Quick Quack Car Wash, and Tractor Supply.
- Immediate access to highway 99
- Located along dominant regional retail corridor featuring nationally recognized brands
- Traffic counts exceed25,000 vehicles per day.
Executive Summary
PMZ Commercial Real Estate is pleased to present the exclusive opportunity to acquire a ±3,000 square foot, freestanding retail asset with drive-thru, leased to a Farmer Boys franchisee. The property is strategically located in Ceres, California, offering immediate access to Highway 99 and strong frontage along Mitchell Road near the intersection of Mitchell Road and Service Road, which benefits from traffic counts exceeding 25,000 vehicles per day.
The asset is ideally situated at the entrance to an ARCO gas station and car wash and directly across from a dominant regional retail corridor featuring nationally recognized brands such as Super Walmart, Starbucks, In-N-Out Burger, Popeyes, Panda Express, Chipotle, Quick Quack Car Wash, and Tractor Supply. The surrounding tenant mix and high-traffic location provide excellent consumer draw and long-term site viability.
This offering represents an opportunity to acquire a well-maintained, pride-of-ownership retail property secured by an established franchisee tenant with a long-term lease commitment, providing stable cash flow and attractive investment fundamentals.
Across the street from the Ceres Gateway Center, with notable tenants including a Walmart Supercenter, Tractor Supply, In-N-Out Burger, and others
Brand new 20-year lease
Operated by top performing Farmer Boys Franchisee
Strong brand, with over 100 locations throughout the U.S.
Mitchell Rd location with approximately 27,975 ADT
Immediate freeway access
Nearby National retailers
High demand QSR
Built in 2008
The asset is ideally situated at the entrance to an ARCO gas station and car wash and directly across from a dominant regional retail corridor featuring nationally recognized brands such as Super Walmart, Starbucks, In-N-Out Burger, Popeyes, Panda Express, Chipotle, Quick Quack Car Wash, and Tractor Supply. The surrounding tenant mix and high-traffic location provide excellent consumer draw and long-term site viability.
This offering represents an opportunity to acquire a well-maintained, pride-of-ownership retail property secured by an established franchisee tenant with a long-term lease commitment, providing stable cash flow and attractive investment fundamentals.
Across the street from the Ceres Gateway Center, with notable tenants including a Walmart Supercenter, Tractor Supply, In-N-Out Burger, and others
Brand new 20-year lease
Operated by top performing Farmer Boys Franchisee
Strong brand, with over 100 locations throughout the U.S.
Mitchell Rd location with approximately 27,975 ADT
Immediate freeway access
Nearby National retailers
High demand QSR
Built in 2008
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built
2008
Price
$3,500,000
Price Per SF
$1,166.67
Cap Rate
6.17%
NOI
$215,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
C-2 - C-2
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
83’ on service Rd
Amenities
- Drive Thru
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Number | 069-23-43 | Improvements Assessment | $856,453 |
| Land Assessment | $318,718 | Total Assessment | $1,175,171 |
Property Taxes
Parcel Number
069-23-43
Land Assessment
$318,718
Improvements Assessment
$856,453
Total Assessment
$1,175,171
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Bldg A | 3908 Mitchell Rd
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