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Fashion Furniture

$15,979,000

255 West El Paso Avenue, Fresno, CA 93711

Active
Last Updated: 01/16/2025

8

Cap Rate

1,278,298

NOI

Details:
Cap Rate:    8%
NOI:    $1,278,298
Building Size:    89,080 sqft
Lot Area:    3.44 acres
Lease Type:    Absolute Net
Tenancy:    Single
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 of the subject property
  • Multiple nearby shopping centers with large national anchors including Costco, Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Trader Joe’s, Dick’s Sporting Goods, and In-N-Out attract elevated amounts of daily foot traffic
Description:

High yield investment with 60-year operating history and robust unit level performance.

A 15-year absolute net lease with personal and corporate guaranty from the operator with 2.5% annual rental increases in an A+ retail corridor node with over 2M+ SF of class A retail.

Map:
Documents:
Title
FashionFurniture_FresnoCA.pdf
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Location
Gallery