2420 North Blackstone Avenue

Highlights:

• Corporate Abs. NNN Lease with zero landlord obligations
• 13+ years remaining in the primary term with assumable, non-recourse, self-amortizing debt which eliminates long term refi risk
• “Essential Service” tenant that remains open and operating during the Coronavirus Pandemic
• Located on a signalized intersection with excellent street visibility
• Densely populated surrounding area (399,000+ residents within a 5-mile radius)
• Minutes away from Fresno City College (22,000+ students)

Description:

An opportunity for an investor to acquire an absolute NNN, corporate Walgreens located on a heavily trafficked intersection in Fresno, just north of the downtown district. The property features assumable, non recourse, self-amortizing debt and over 13 years of primary term remaining, with 50 one-year options. The attractively constructed building features prominent pylon signage on the corner of N Blackstone Ave and E Clinton Ave, as well as a drive-thru pharmacy pick up window.

Walgreens is well-positioned within the Midtown East submarket of Fresno. Easily accessible from State Route 41, the subject property shares a signalized intersection with Smart & Final, Starbucks, and Family Dollar, creating a synergistic mix of daily needs tenants. Additionally, Walgreens is a 7-minute walk from Fresno City College, California’s first community college and a major driver to the area, serving over 22,000 students.

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