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Lou Rodman's 285 W El Paso Ave

21,138 SF Retail Building Fresno, CA 93711 $4,387,000 ($208/SF) 8% Cap Rate

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Investment Highlights

15-year landlord friendly lease with 2.5% annual rental increases
Priced below replacement cost – $207.54/SF
Heavy retail presence in the trade area directly benefits from the affluent demographics – $116,476 average household incomes within a 3-mile radius

Replaceable market rent
Subject property directly adjacent to Sprouts & Ross and across the street from Lowe’s & Sam’s Club
Multiple nearby shopping centers with large national anchors including Costco, Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Trader Joe’s

Executive Summary

High yield investment with 19-year operating history.
A 15-year absolute net lease personally backed by the operator with 2.5% annual rental increases in an A+ retail corridor node with over 2M+ SF of class A retail.

LouRodmans_FresnoCA