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255 W El Paso Ave
Fresno, CA 93711

$15,979,000 USD

Freestanding For Sale  •  89,080 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 89,080 SF
  • Lot Size 3.66 AC
  • Building Class C
  • Year Built 2001
  • Cap Rate 8.00 %
  • Tenancy Single
  • Zoning CM
50 Transit Score
83 Walk Score

Highlights

15-year absolute net lease with 2.5% annual rental increases
Replaceable market rent
Priced below replacement cost – $179.38/SF
Subject property directly adjacent to Sprouts & Ross and across the street from Lowe’s & Sam’s Club
Heavy retail presence in the trade area directly benefits from the affluent demographics – $116,476 average household incomes within a 3-mile radius
Multiple nearby shopping centers with large national anchors including Costco, Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Trader Joe’s

Property Flyers

Cap Rate: 8.00 %

Public Transportation

Commuter RailDriveWalkDistance
Fresno (San Joaquins - Amtrak) 11 min - 8.3 mi
AirportDriveWalkDistance
Fresno Yosemite International 16 min - 9.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
John Andreini 650-678-7200 CP Partners CRE
John Andreini 650-678-7200 CP Partners CRE