Peppertree Plaza
$8,400,000
2745-2787 West Shaw Avenue, Fresno, CA 93705
8.25
Cap Rate
692,358
NOI
Details:
Description:
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.
Positioned at Shaw Avenue & Marks Avenue, a highly trafficked Fresno intersection offering visibility to ±72,400 cars per day.
Documents:
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| Fresno_-_Peppertree_Plaza_-_OM.pdf |
Location
Gallery
