Description

We are offering 40120 Highway 41, Suite J in Oakhurst, California, for sale at $320,000, or about $128.00 per square foot. The property is a 2,500-square-foot freestanding single-tenant retail building built in 1989 on approximately 0.65 acres. The site is zoned Commercial and carries Assessor's Parcel Number 064-190-001.

The building is leased on an NN basis to Something Special, a local co-op that has operated there for about seven years. Its five-year lease has $50 annual increases, and the rent is about $0.94 per square foot per month, below market. Current net operating income is $22,600, a 7.06% cap rate. The layout is a large open sales floor with private offices and restrooms at the rear, the roof has a Phoenix coating and the A/C units are serviced every six months.

The property is directly behind McDonald's at the signalized intersection of Highways 41 and 49. Highway 41 carries about 18,757 cars per day and Highway 49 about 12,644. Oakhurst is about 14 miles south of the Yosemite entrance, and the asking price is below the assessed value. Oakhurst is in Madera County, part of the Fresno metropolitan area.

Jared Ennis and Kevin Land of Central CA Commercial represent this offering on behalf of ownership. We are glad to share the full offering memorandum and the lease, along with additional photos and property details, and to answer questions about the property and the surrounding area. Contact us to discuss the opportunity or to schedule a tour.