2-Tenant NNN Office Building

Highlights:

• Seasoned Medical Office Tenants Serving the Community of Fresno: Thurman Orthodontics & Preferred Chiropractic Center
• Long Term NNN Leases
• Rent Increases throughout the Lease Term
• Located On 2 Major Retail Thoroughfares | Near TJ Maxx, Best Buy, PetSmart, Starbucks, Dollar Tree & Farmers Boy Center & Clovis Community College (7,755 Students), and Surrounded By Residential Neighborhoods
• Pride of Ownership Construction & Trophy Asset
• Ease of Management Investment
• Unobstructed Street Visibility with Convenient Ingress / Egress Access
• Freestanding Building with On-Site Parking Lot
• Strong Trade Area Demographics

Description:

Faris Lee Investments is pleased to offer for sale the fee simple interest (land & building) in a 9,120 SF two-tenant, NNN Medical Office Building, located in Fresno, CA. Tenants are both local medical practices of Fresno. Thurman Orthodontics with Dr. Brian Thurman, a native of Fresno, and his team have over 50 years of combined experience. Preferred Chiropractic Center with Sergio Balli & Matthew Vinson have over 20 years of combined experience. Both tenants signed long term 10-year leases with multiple options to extend which provides security & stability for the investor. The NNN leases provide for 5% rent increases every two years which helps hedge against inflation and increases the return on investment.

The subject property is strategically located adjacent to a Walmart anchored shopping center and has 280 feet of street frontage along Willow Avenue (±23,000 VPD). Built in 2018 with high quality design & construction, this pride of ownership asset comes with over $282,000 in medical buildout improvements. There are more than 294,000 permanent residents with an annual household income of $91,000 within a 5-mile radius.
Additionally, there are more than 113,000 employees within a 5-mile radius of the subject property. Lastly, this freestanding medical office building has an abundant on-site parking lot which creates intrinsic real estate value.