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1435 V St, Merced, CA, 95340

Black Bear Diner
$2,752,000

Key Information

Cap Rate
5.3%
$ per SF
$579
Tot. SF
4,751
Lot Size
1.2 Acres
Year Built
1998/2012 (R)
Term Remaining
± 5.5 Years
Type
Retail
NOI
$145,860

Highlights

  • Established and Expanding Regional Tenant: Black Bear Diner is a growing full-service family dining concept with 160+ locations across 14 states and an active expansion pipeline throughout Sun Belt markets, where the brand has identified long-term potential for 50+ additional locations.
  • Prime Visibility in High-Traffic Market: Located near the intersection of Golden State Highway (CA-99) and V Street, two major traffic arteries carrying approximately 56,000 and 23,000 vehicles per day, respectively, and serving roughly 117,000 residents within a five-mile radius.
  • Co-Tenants & Retail Synergy: The property sits within a strong retail and automotive corridor adjacent to a multi-brand dealership campus featuring Ford, Toyota, Honda, Chrysler, Jeep, Nissan, and Dodge, directly across from Costco and near Home Depot and Motel 6, with the Marketplace Shopping Center located approximately two miles away alongside national retailers including Target, Lowe’s, and PetSmart.
  • Central Valley Growth Market with Institutional Drivers: Merced ranks among the fastest-growing cities in California, supported by strong population growth, relative housing affordability, and the continued expansion of UC Merced, which generates over $1 billion annually in regional economic impact, further complemented by infrastructure investment, Downtown Merced revitalization, and ongoing residential development driving long-term economic momentum.
  • Absolute NNN Lease — Fully Passive Ownership: Black Bear Diner is responsible for all expenses including taxes, insurance, CAM, roof, and structure—offering a truly passive, hassle-free investment.

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245