NN Leased Single Tenant Quick Service Retail Investment

Highlights:

• Experienced Operator, Scheduled Rent Increases
• Absolute NN Lease w/ Healthy Annual Increases
• No Options - Renewal Terms Negotiable
• Corporate Guarantee w/ Multi-Unit Operator
• Prime Investment: Land Parcel With Billboard
• Lease Originated in 2012 w/ Outfront Media LLC
• Extended Through Dec. 2037 |Tenant Pays Utilities & Insurance
• Title Is Clear From RDA's For Future Re-Development
• High Traffic Location w/ a Total of ±45,937 CPD
• Nearby Freeways ±417,315 CPD
• Surrounded by ±112,139 Households (5-miles)
• Minimal Landlord Responsibilities | Fully Improved Lot

Description:

Fully paved corner lot with national tenant on a long term lease. Outfront Media LLC has occupied the space for 15+ years and just extended their lease until December of 2037. The lease rate is very conservative at only $7,000/year until 2030 ($9,000/ year after year 5), making this a very profitable location. They have termed out of all options allowing the upcoming renewal to be negotiated at market terms. Additionally, the fully improved concrete allows for opportunity for expanded uses such as a Food Truck rental with potential of $300 to $500 per month. The parcel is located right off CA-41 & CA-180 on/off ramps that offer easy access to all parts of Fresno within minutes.

Located on the northeast corner of First street and Belmont Ave in Fresno, CA. Prime location in the middle of the downtown and newer shopping centers surrounded by a dense mixture of housing and apartments. Surrounding tenant's include Starbucks, McDonalds, Dutch Bros, Taco Bell, Jack in the Box, Carl's Jr., Wendy's, Subway, Dollar General, Grocery Outlet, Family Dollar, 7-Eleven, Arsenio's, 99 Cent Store, Cricket, Juicy Burger, West America Bank, Central Valley Community Bank, Fulton Coffee, Deli Delicious, Rare Earth Coffee, & many others!

Fresno, California is the 5th most populous city in California and a great market to utilize billboards and other out-of-home media formats in your advertising campaign. With a population of approximately 531,581 people, there’s a great opportunity for businesses small and large to leverage out-of-home advertising in finding new customers, building their brand, and growing their business. Billboards in Fresno, California are usually located in highly visible, heavy traffic areas such as highways, primary arterials, and major intersections.

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