285 W El Paso Ave - Freestanding FOR SALE


Fresno, CA 93711
$4,387,000 USD
650-678-7200
285 W El Paso Ave, Fresno, CA for Sale
$4,387,000 USD
Freestanding - FOR SALE
1/4
null | 8% Cap Rate

285 W El Paso Ave
Fresno, CA 93711


HIGHLIGHTS

  • 15-year landlord friendly lease with 2.5% annual rental increases
  • Replaceable market rent
  • Priced below replacement cost – $207.54/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

OVERVIEW

High yield investment with 19-year operating history. A 15-year absolute net lease personally backed by the operator with 2.5% annual rental increases in an A+ retail corridor node with over 2M+ SF of class A retail.

FOR SALE DETAILS

PRICE

$4,387,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lou Rodman's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

M1

APN/PARCEL ID

303-670-13S

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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