255 W El Paso Ave - Freestanding FOR SALE
Fresno, CA 93711 |
$15,979,000 USD
650-678-7200
255 W El Paso Ave
Fresno, CA 93711
HIGHLIGHTS
- 15-year absolute net lease with 2.5% annual rental increases
- Replaceable market rent
- Priced below replacement cost – $179.38/SF
- Subject property directly adjacent to Sprouts & Ross and across the street from Lowe’s & Sam’s Club
- Heavy retail presence in the trade area directly benefits from the affluent demographics – $116,476 average household incomes within a 3-mile radius
- Multiple nearby shopping centers with large national anchors including Costco, Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Trader Joe’s
FOR SALE DETAILS
PRICE
$15,979,000 USD
PRICE/SF
$179 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fashion Furniture
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.66 AC
LAND SF
159,430 SF
ZONING
CM
APN/PARCEL ID
303-670-14S
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650-678-7200
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650-678-7200
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