2020 W Shaw Ave - Convenience Store FOR SALE


Fresno, CA 93711- Van Ness Extension
$4,400,000 USD
559-650-1316
2020 W Shaw Ave, Fresno, CA for Sale
$4,400,000 USD
Convenience Store - FOR SALE
1/8
null | 5% Cap Rate

2020 W Shaw Ave
Fresno, CA 93711
Van Ness Extension


HIGHLIGHTS

  • New 15-Year Corporate Lease | Investment Grade Tenant S&P Rated “A”
  • 10% Rent Increases Every 5-Years | 2023 Build-to-Suit Construction with Fuel
  • Pad to a Shopping Center Anchored by a New Aldi Grocery Store
  • High Traffic Volume Location | Over 82,000 ADT at Shaw and West Avenues
  • Relocation Store with 40+ Years Successful Operating History at Intersection

OVERVIEW

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this new build-to-suit ±3,011 square foot free-standing corporate 7-Eleven convenience store with six MPDs and twelve fuel pump positions and located on the hard corner at the signalized intersection of Shaw and West Avenues in Fresno, California. With over 82,000 average daily traffic at the intersection, the subject property has unobstructed visibility to busy Shaw and West Avenues and access points on both arterials. The subject property is a pad to a newer Aldi grocery anchored shopping center that caters not only to the nearby residents, businesses, and schools within the immediate area, but as the only Aldi store within the City of Fresno it draws shoppers from an even larger community trade area. The strategic location is within a dense and centralized 360-degree trade area. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, newly constructed commercial property that is leased to an investment grade corporate tenant, with a long-term lease commitment to the subject site.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$1,461 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 7-Eleven - 15-Year Corporate Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C2

APN/PARCEL ID

415-070-15S

ASK ABOUT THIS PROPERTY

Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

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Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.