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Fashion Furniture & Lou Rodman's

$20,366,000

255-285 West El Paso Avenue, Fresno, CA 93711

Active
Last Updated: 10/09/2024

8

Cap Rate

1,629,295

NOI

Details:
Cap Rate:    8%
NOI:    $1,629,295
Building Size:    110,218 sqft
Lot Area:    5.33 acres
Tenancy:    Multiple
Highlights:
  • 15-year landlord friendly leases with 2.5% annual rental increases
  • Replaceable market rents
  • Priced below replacement cost – $184.78/SF
  • Subject property directly adjacent to Sprouts & Ross and across the street from Lowe’s & Sam’s Club
  • Fashion Furniture has a 65-year operating history and Lou Rodman’s a 19-year operating history
  • Very strong unit level performance (speak with Agent)
  • 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
  • Multiply 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:

Available individually or as a portfolio.

15-year lease extensions with 2.5% rental increases. Both tenants have multi-decade operating histories here.

Map:
Documents:
Title
FashionFurniture_LouRodmans_FresnoCA.pdf
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Location
Gallery