New 7-Eleven - 15-Year Corporate Lease 2020 W Shaw Ave 3,011 SF Retail Building Fresno, CA 93711 $4,400,000 ($1,461.31/SF) 5% Cap Rate

INVESTMENT HIGHLIGHTS

  • New 15-Year Corporate Lease | Investment Grade Tenant S&P Rated “A”
  • Pad to a Shopping Center Anchored by a New Aldi Grocery Store
  • Relocation Store with 40+ Years Successful Operating History at Intersection
  • 10% Rent Increases Every 5-Years | 2023 Build-to-Suit Construction with Fuel
  • High Traffic Volume Location | Over 82,000 ADT at Shaw and West Avenues

EXECUTIVE SUMMARY

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this new build-to-suit ±3,011 square foot free-standing corporate 7-Eleven convenience store with six MPDs and twelve fuel pump positions and located on the hard corner at the signalized intersection of Shaw and West Avenues in Fresno, California. With over 82,000 average daily traffic at the intersection, the subject property has unobstructed visibility to busy Shaw and West Avenues and access points on both arterials. The subject property is a pad to a newer Aldi grocery anchored shopping center that caters not only to the nearby residents, businesses, and schools within the immediate area, but as the only Aldi store within the City of Fresno it draws shoppers from an even larger community trade area. The strategic location is within a dense and centralized 360-degree trade area. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, newly constructed commercial property that is leased to an investment grade corporate tenant, with a long-term lease commitment to the subject site.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,011 SF
Building Class
B
Year Built
2023
Price
$4,400,000
Price Per SF
$1,461.31
Cap Rate
5%
NOI
$220,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.84 AC
Zoning
C2
Walk Score®
Very Walkable (73)

NEARBY MAJOR RETAILERS

Dutch Bros
Starbucks
Westamerica Bank
Bank of Montreal
DiCicco's Italian Restaurant
Denny's
Citi
Chase Bank
Planet Fitness
Deli Delicious

PROPERTY TAXES

  • Listing ID: 33950615

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 2020 W Shaw Ave, Fresno, CA 93711