1840 M Street, Merced, CA 95340
Status Sold
Price $2,900,000
Cap Rate 5.42%
NOI $157,280
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.