|Lease Type||Absolute NNN|
|Lease Term||10 Years|
|Lease Start||January 2014|
|Lease Expiration||January 2024|
|Building Size||7,413 SF|
|Lot Size||37455 AC|
The property is situated on a hard corner at the signalized intersection of M Street and West Nineteenth Street, an intersection trafficked by 26,000 vehicles per day. In addition to a 59 space parking lot this location also features a drive-thru ATM for customer convenience.
The asset is well-located within Merced’s primary business district amid a healthy mix of retail, office, and residential properties. Merced’s population and average household income within a 3-mile radius exceeds 84,000 and $55,000, respectively. This branch had substantial bank deposits of approximately $99 million, a testament to the long-term success at this location.