Fit Republic

4175 East Ashlan Avenue, Fresno, CA

$4,335,484

Price

7.75%

Cap Rate

$336,000

NOI

Overview
Cap Rate
7.75%
NOI
$336,000
Building Size
19,795 sqft
Lot Area
1.44 acres
Lease Type
Triple Net
Year Built
1986
Price Per Sqft
$219.02
Description

The offering presents an opportunity to acquire a NNN leased Fit Republic in Fresno, California. The property is located within the Ashlan Park Shopping Center which boasts an exceptional, diverse tenant roster of everyday needs and services, e-commerce resistant, and experience-focused tenants. Ashlan Park enjoys numerous benefits due to its infill location in a strong retail node, home to over 400,000 residents within a 5-mile radius, along with close proximity to the Fresno State University campus with over 24,000 students enrolled.

Fit Republic is located on the highly trafficked corner of Ashlan Ave and N Cedar Ave, which see combined traffic counts of over 48,600 VPD. Located just off CA-168, with 80,000+ VPD, this asset sits strategically in Fresno’s primary retail area, and with its close proximity to a major highway, access is easy and convenient. Just over 2 miles away is Fashion Fair Mall featuring over 130 retailers and drawing consumers from surrounding communities. Fresno is the fifth-most populous city in California and the most populous city in the central valley. Fresno serves as the economic hub of Fresno County and California’s San Joaquin Valley. The Fresno MSA and the surrounding area exceeds 1.5 million people.

Highlights
  • 15-year NNN lease with two 5-year options and rental increases every 5 years
  • Save Mart anchored shopping center
  • Healthy amount of gym memberships
  • Near Fresno State University campus, with over 24,000 students enrolled
Documents

Location
Gallery