7785 N 1st St - Fast Food FOR SALE


Fresno, CA 93720
$2,417,279 USD
503-608-9467
7785 N 1st St, Fresno, CA for Sale
$2,417,279 USD
Fast Food - FOR SALE
1/6
null | 4.7% Cap Rate

7785 N 1st St
Fresno, CA 93720


HIGHLIGHTS

  • UNDERMARKET RENT
  • TOP 4 TACO BELL OPERATOR
  • STRONG UNIT-LEVEL FINANCIALS
  • COMMITMENT TO THE LOCATION / NEWLY EXTENDED LEASE
  • OUTSTANDING LOCATION/EXCELLENT TRAFFIC DRIVERS
  • EXCELLENT DEMOGRAPHICS & AFFLUENT NEIGHBORHOOD

OVERVIEW

Northmarq Restaurant Group is pleased to present an exceptional investment opportunity: a single-tenant, drive-thru Taco Bell strategically positioned in a thriving Fresno neighborhood. This property offers a compelling combination of strong financial performance, under market rent, very high traffic counts, a top-tier operator, and an outstanding location. The property is strategically located at the hard corner of the intersection of N 1st St and E Nees Ave, both of which are major arterials of Fresno. It is part of the Woodward Village shopping center, which is anchored by Smart & Final. Many of the local tenants have been in place for decades, highlighting the stability of the retail corridor. The area is home to multiple shopping centers and traffic drivers: the River Park regional shopping mall, Woodward Park Gateway, Park Crossing, Villagio, Universal Park, and more. National tenants in the area include Costco, Target, Home Depot, Lowe’s, Sam’s Club, Best Buy, Kohl’s, Joann, and more – all within a 1-mile radius. The strong retail synergy is complemented by the nearby traffic-driving Kaiser Permanente Medical Center, top rated schools, and numerous business, medical, and office parks. The Taco Bell in Fresno ranks in the Top 10% of locations nationwide, and will continue to benefit from the high income, high growth neighborhood of Woodward Park. This is an opportunity for the investor to capitalize on local investors' expected outlook of Fresno, and the stability of a Top 4 Taco Bell Operator.

FOR SALE DETAILS

PRICE

$2,417,279 USD

PRICE/SF

$970 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,640 SF

ZONING

C-1

APN/PARCEL ID

303-430-04

ASK ABOUT THIS PROPERTY

Enoch EscaleraNorthmarqMore Info
503-608-9467

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Enoch EscaleraNorthmarqMore Info
503-608-9467

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