98 E Shaw Ave - Restaurant FOR SALE


Clovis, CA 93612- East Fresno
$6,350,000 USD
714-345-8669
98 E Shaw Ave, Clovis, CA for Sale
$6,350,000 USD
Restaurant - FOR SALE
1/10
null | 5.37% Cap Rate

98 E Shaw Ave
Clovis, CA 93612
East Fresno


HIGHLIGHTS

  • Tenant of the same building in Rodeo Plaza since 1993.
  • Tenant is a high grossing, nationally known restaurant brand.
  • Situated near the corner of Shaw and Minnewawa Ave., this property enjoys excellent drive-by visibility and convenient access from Shaw Ave.
  • The parcel is adjacent to a very busy CVS Pharmacy & Bowlero bowl corner location on Shaw & Minnewawa.
  • Proven Retail Corridor – Surrounding and nearby tenants include Wells Fargo, Citibank, Ross, Burlington Coat Factory, PetSmart, Walmart, & More.
  • Very close to Cal State University, Fresno.

OVERVIEW

Bottomline Business Brokers is pleased to offer a fully leased free standing building for sale. The single tenant is a very successful Applebee's Neighborhood Grill + Bar, with an absolute NNN lease with 8 ½ years remaining on the lease term, with one 10-year option. The guaranteed minimum rent adjusts by the greater of 6% or the CPI change every 30 months (2.5 years), providing an investor with rare, attractive rent escalations (next increase: 9-2026). Additionally, the tenant also pays percentage rent in the amount of 7.2% of annual sales exceeding minimum rent; tenant’s sales are well over 4 million. This is a rare lease that provides an investor with excellent inflation protection and long-term stable cash flow, backed by proven sales volumes and credit strength

FOR SALE DETAILS

PRICE

$6,350,000 USD

PRICE/SF

$908 USD /SF

CAP RATE

5.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C-2

APN/PARCEL ID

499-021-49

ASK ABOUT THIS PROPERTY

Tony MaganaBottom Line Business & Commercial BrokerMore Info
714-345-8669

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Tony MaganaBottom Line Business & Commercial BrokerMore Info
714-345-8669

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