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501 E Main Street, Turlock, CA 95380
$3,499,900
501 E Main Street, Turlock, CA 95380View this property at 501 E Main Street, Turlock, CA 95380
501 E Main StreetTurlockCA95380
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Property Description
SELLER FINANCING AVAILABLE - BELOW MARKET INTEREST RATE!Discover a prime investment opportunity featuring Bank of America as the nationally recognized tenant, strategically located in Downtown Turlock, California. This property boasts a 13,478 square foot freestanding building on a 1.17-acre parcel. What makes this investment exceptional is the Bank of America tenant, occupying the entire building on an absolute NNN lease. This lease structure guarantees steady rental income with built-in rent increases every five years, ensuring long-term financial stability. Bank of America has committed to a 5-year lease extension until 2029, and 15 renewal options offer a safeguard against inflation. Strategically situated in the Central Valley market, known for its growth and economic vitality, this Bank of America branch consistently records strong annual deposits solidifying its commitment to the community and the property's desirability.In summary, this investment offers a rare opportunity to acquire a stable, investment-grade property with a renowned national tenant in a robust market. A premier tenant, favorable lease terms, and an ideal location make this property an excellent choice for secure and prosperous real estate investing.
Full Property Details
Full Property Details for 501 E Main St
General
- Price: $3,499,900
- Status: Active
- Type: Retail
- MLS ID: 223095434
- Updated: 4/2/2024
- Added to Site: 208 day(s) ago
Business
- Business Type: Commercial, Professional Service, Other
Rental Information
- Lease Terms: 5 Years
Interior
- Flooring: Varies by Unit
Additional Information
- Other Features: Other
Parking
- Parking: Open
Location
- County: Stanislaus
- Cross Streets: N. Palm St
- Driving Directions: Take Golden State Blvd to E. Main St. Bank on the left.
- Location Details: Downtown, Restaurant Nearby
Heating & Cooling
- Cooling Type: MultiUnits, See Remarks
- Heating Type: Multiple Units, See Remarks
Structural Information
- Construction: See Remarks
- Roof: Flat
Unit Information
Unit 1
- Square Feet: 13478
Lot Features
- Zoning: Downtown Core (DC) zoning
Financial Considerations
- Terms: 1031 Exchange, Owner May Carry, Cash, Conventional, Submit
- Tenant Pays: Sewer, Electricity, Taxes, Gas, Trash Collection, Grounds Care, Water, Insurance, Janitorial Services, Maintenance
- Tenant Expense: Sewer, Electricity, Taxes, Gas, Trash Collection, Grounds Care, Water, Insurance, Janitorial Services, Maintenance
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: None
Listed by Lifestyle Realty
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Schools
Schools serving 501 E Main St
School District:Turlock Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1924 E Canal Dr, Turlock, CA 95380 | K-6 | 0.9 mi | |
1441 Colorado Ave, Turlock, CA 95380 | 7-8 | 0.7 mi | |
3951 N Walnut Rd, Turlock, CA 95382 | 7-8 | 2.5 mi | |
1600 E Canal Dr, Turlock, CA 95380 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 E Main St
Date
Details
Price
Change
Source
3/25/2024
Price Reduced
$3,499,900
-6.64%
MLS
1/11/2024
Price Reduced
$3,749,000
-0.02%
MLS
12/07/2023
Price Reduced
$3,749,900
—
MLS
10/02/2023
Listed
$3,750,000
203.64%
MLS
5/18/2016
Sold
$1,235,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 501 E Main St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$34,457
15%
$2,187,609
2%
2022
$30,030
18%
$2,144,716
24%
2021
$25,349
—
$1,725,000
—
2020
$25,261
—
$1,725,000
—
2019
$25,316
-1%
$1,725,000
—
2018
$25,533
1%
$1,725,000
—
2017
$25,313
4%
$1,725,000
—
2016
$24,384
11%
$1,725,000
15%
2015
$21,940
-2%
$1,500,000
-2%
2014
$22,368
—
$1,530,000
—
2013
$22,459
—
$1,530,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 E Main St
501 E Main Street, Turlock, CA 95380 (MLS# 223095434) is a Retail property. 501 E Main Street is currently listed for $3,499,900 and was received on October 02, 2023. Want to learn more about 501 E Main Street? Do you have questions about finding other Retail real estate for sale in Turlock? You can browse all Turlock real estate or contact a Coldwell Banker agent to request more information.