Peppertree Plaza Retail FOR SALE


Fresno, CA - Bullard
$8,400,000 USD
951-479-7994
, Fresno, CA for Sale
$8,400,000 USD
Retail - FOR SALE
1/14
null | 8.25% Cap Rate

Peppertree Plaza
Fresno, CA
Bullard


HIGHLIGHTS

  • Market-Leading 8.25% Cap Rate
  • High Traffic Location: Situated at a bustling Fresno intersection with approximately 72,400 cars passing daily.?
  • Below Market Rent Rates: Tenants paying rents 25–50% below current market rates, offering potential for income growth.?
  • Attractive Price per Square Foot: Priced at just $164/SF, significantly below replacement cost.?
  • Diverse Tenant Mix: Features a variety of service-oriented businesses catering to the local community.?
  • Redevelopment Upside: Opportunities for parcelization or pad redevelopment to enhance property value.?

OVERVIEW

Progressive Real Estate Partners is proud to present Peppertree Plaza—a high-traffic, multi-pad retail center at the signalized intersection of Shaw & Marks Avenue, one of Fresno’s busiest retail intersections with over 72,400 cars per day. Surrounded by top national retailers such as Target, CVS, Walmart, Home Depot, and Dick’s Sporting Goods, the property benefits from strong retail synergy and consistent consumer traffic, further bolstered by its ±860 feet of frontage and two large pylon signs. Peppertree Plaza features strong historical occupancy supported by established service and restaurant tenants such as Outback Steakhouse, Deli Delicious, and Ocean Dental Group, many in place for over a decade. Below market rents averaging just $1.27/SF NNN and embedded 2% to 3% annual increases limit downside while also allowing for strong rent growth potential. The center features multiple pad buildings, including a hard-corner pad, offering future redevelopment opportunities and parcelization strategies to further enhance value. Priced at $164/SF— below replacement cost— at a market leading 8.25% cap rate, Peppertree Plaza offers the rare combination of immediate stability plus opportunities for growth.

ASK ABOUT THIS PROPERTY

Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
951-479-7994

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Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
951-479-7994

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