3110 R Street

For Sale

3110 R Street, Merced, CA 95348

This Merced property for sale is located at 3110 R Street. The current listed sale price for 3110 R Street is $5,887,370. 3110 R Street is situated on a lot that is 0.58 acre in size.

Contacts

broker

Clay Smith

Matthews Real Estate Investment Services

(615) 412-1630

Property Details

  • Property Type Restaurant
  • Property Size 7,000 SF
  • Lot Size 0.58 Acre
  • Year Built 1969
  • Year Renovated 2013
  • Date Updated Dec 6, 2023

HARD SIGNALIZED CORNER LOCATION – The property sits on a hard signalized corner at the center point of Merced

STRONG POPULATION GROWTH – The annual population growth is projected at approximately 1.5% annually

DENSELY POPULATED – Over 100,000 residents in a 5-mile radius

HEAVY TRAFFIC COUNTS – Over 40,000 VPD pass the intersection of Olive Ave and R St

TARGET AND MALL OUTPARCEL – Property benefits from being out-parceled to an active shopping area

STRONG TENANT LINEUP – Over 91% of the income is guaranteed by corporate Chipotle or Panera

NNN – Leases property benefits from attractive NNN leases from all tenants

STRONG HISTORICAL PERFORMANCE – Tenants have excelled and have a history of exercising options and above-average reported sales

CHIPOTLE EXTENSION – Recently extended the lease out for an additional 10 years

YOGOLOCIOUS EXTENSION – Recently exercised an option for an additional 5 years

DRIVE THRU – Panera Bread benefits from a Drive Thru

MERCED METROPOLITAN STATISTICAL AREA – Merced is the county seat in the Merced MSA, with a population of nearly 300,000

MERCED – Located in the heart of California’s agricultural Central Valley, Merced is the region’s hub for education, culture, and business

HIGH TRAFFIC COUNTS – R Street gets over 23,591 Vehicles Per Day and Olive Avenue sees over 37,259 VPD

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Getting around

  • 61/100

    Walk Score ®

  • 83/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Merced, CA
  • Zip Code 95348
  • Market Central Valley

Points of Interest

  • Merced

    1.02 miles

  • Chevron

    0.25 miles

  • Valero

    0.27 miles

  • BP

    0.59 miles

  • Arco

    0.78 miles

  • Valero

    0.86 miles

  • Chevron

    1.07 miles

  • Westgate Beacon

    1.23 miles

  • Circle K 76 gas

    1.38 miles

  • Smiley's Shell Service

    1.39 miles

  • Costco Gasoline

    1.41 miles

  • RDA Parking Structure

    1.22 miles

  • Scholars Lot

    4.01 miles

  • Bellevue Lot

    4.03 miles

  • University Lot

    4.16 miles

  • Library Lot 2

    4.41 miles

  • Library Lot 1

    4.43 miles

  • LeGrand Faculty/Staff Lot

    4.64 miles

  • North Bowl Parking

    4.84 miles

  • Slumber Motel

    1.32 miles

  • Gateway Motel

    1.33 miles

  • Siesta Motel

    1.33 miles

  • San Joaquin Motel

    1.35 miles

  • Motel 6

    1.52 miles

  • Days Inn by Wyndham Merced/Yosemite Area

    1.64 miles

  • Studio 6 Merced, CA

    1.67 miles

  • Studio 6

    1.68 miles

  • Merced Howard Johnson

    1.68 miles

  • California Best Motel

    1.80 miles

  • JCPenney

    0.04 miles

  • Kohl's

    0.05 miles

  • Merced Mall

    0.07 miles

  • Sears

    0.14 miles

  • Target

    0.15 miles

  • Big Lots

    0.15 miles

  • Food 4 Less

    0.34 miles

  • FoodMaxx

    0.55 miles

  • Save Mart

    0.67 miles

  • Walmart

    1.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Clay Smith

Matthews Real Estate Investment Services

(615) 412-1630