5180 N Blackstone Ave - Freestanding FOR SALE


Fresno, CA 93710- Hoover
$1,995,000 USD
559-352-1054
5180 N Blackstone Ave, Fresno, CA for Sale
$1,995,000 USD
Freestanding - FOR SALE
1/11
null | 5.86% Cap Rate

5180 N Blackstone Ave
Fresno, CA 93710
Hoover


OVERVIEW

This property boasts a high-profile and stable tenant, AT&T, a leader in telecommunications. AT&T’s occupancy began in 1998, demonstrating their long-term commitment to this prime location. The current lease extension is active through June 30, 2026 with rent at $9,745.50 per month. Tenant option for additional five-year lease renewal period, extending lease term through June 30, 2031 at $10,720.05 per month, Triple Net. Attractive Features for Investors 1. Established Tenant: Secure and consistent rental income from a Fortune 500 company. 2. Long Term Stability: Nearly three decades of tenancy with options for continued occupancy. 3. High-Visibility Location: Strategically located retail site on Blackstone Avenue, providing high-traffic count visibility and building signage. 4. Below replacement costs value. 5. Current lease rate at below market rents.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

5.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C-6

APN/PARCEL ID

418-080-76

ASK ABOUT THIS PROPERTY

Brett ToddFortune AssociatesMore Info
559-352-1054

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Brett ToddFortune AssociatesMore Info
559-352-1054

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