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For Sale | 100% Leased Multi Tenant Retail Pad with Drive Thru

$3,450,000

765 North Temperance Avenue, Clovis, CA 93611

Active
Last Updated: 10/07/2021

5.61

Cap Rate

193,633

NOI

Details:
Cap Rate:    5.61%
NOI:    $193,633
Building Size:    6,500 sqft
Lot Area:    0.92 acres
Lease Type:    Triple Net
Year Built:    2006
Highlights:
  • 100% Leased Multi-Tenant Retail Pad Building with Drive-Thru
  • Corporate and Regional Quick-Service Food Tenants
  • Situated within an expanding ±180 Acre Medical Research and Technology Park
  • Pride of Ownership, Well Maintained, High-Quality Construction
  • Triple-Net (NNN) Leases with Favorable Rental Increases
Description:

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this well-maintained three-tenant retail pad building located near the signalized corner of Temperance Avenue and Alluvial Avenue / Owens Mountain Parkway in Clovis, California. The approximate 6,500 square foot retail building is situated on nearly one acre of land and is 100% leased to three quick-service food tenants with recognized brands. The subject property is well positioned within the Sunrise Pavilion shopping center and part of a growing medical, research, and technology hub in the highly desirable northeastern area of Clovis. The subject property tenants cater not only to the nearby population and business in the area, but also to the many commuters, travelers and tourists that travel along State Highway 168 which connects to Downtown Fresno and State Highways 99 and 180 on the western route and to mountain and foothill communities and outdoor recreation along the eastern route. This offering presents an investor with an opportunity to acquire a pride of ownership, multi-tenant retail building equipped with a drive-thru that is 100% leased to quality quick-service food tenants.

Map:
Documents:
Title
OM_Starbucks_Center_Clovis_CA.pdf
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Location
Gallery