6443 N Riverside Dr - Storefront FOR SALE


Fresno, CA 93722- Fig Garden Loop
$3,982,000 USD
949-725-8507
6443 N Riverside Dr, Fresno, CA for Sale
$3,982,000 USD
Storefront - FOR SALE
1/6
null | 6.2% Cap Rate

6443 N Riverside Dr
Fresno, CA 93722
Fig Garden Loop


HIGHLIGHTS

  • Quintessential Strip Center – 100% leased, ±8,000 SF, multi-tenant strip center
  • Long-Term Leases – All three tenants are on long-term leases (with an average weighted lease term of +7.1 years)
  • Freeway Access & Visibility – Highly visible and provides ease of access from SR-99 (±81,400 cars per day)

OVERVIEW

* Quintessential Strip Center – 100% leased, ±8,000 SF, multi-tenant strip center featuring three tenants, Hayashi Ramen, Bharat Royal Cuisine, and The Hub Eats & Drinks, all of whom are on 15% administration fee recapture resulting in minimal, if any, income slippage * Long-Term Leases – All three tenants are on long-term leases (with an average weighted lease term of +7.1 years) providing an investor a low maintenance investment for the foreseeable future * Freeway Access & Visibility – Highly visible and provides ease of access from SR-99 (±81,400 cars per day) the Marketplace at El Paseo is arguably the premier super regional center in the trade area serving a population of more than 55,000 in the trade area * Synergistic Co-Anchors – Marketplace at El Paseo is anchored by Target and Burlington and includes a variety of national, regional and local retailers including Floor & Décor, Regal Cinemas, Bath & Body Works, Ross, Marshalls, Old Navy, Hobby Lobby, Olive Garden, Petco, Tesla Motor Charging Station, ULTA Beauty

FOR SALE DETAILS

PRICE

$3,982,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Restaurants at the Marketplace at El Paseo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.42 AC

LAND SF

279,488 SF

ZONING

CR

APN/PARCEL ID

504-300-08S

ASK ABOUT THIS PROPERTY

Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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Jimmy SlusherCBRE, Inc.More Info
949-725-8507

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