Taco Bell | 7785 N 1st St
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Taco Bell 7785 N 1st St
2,493 SF Retail Building Fresno, CA 93720 $2,417,279 ($970/SF) 4.70% Cap Rate
Investment Highlights
- UNDERMARKET RENT
- STRONG UNIT-LEVEL FINANCIALS
- OUTSTANDING LOCATION/EXCELLENT TRAFFIC DRIVERS
- TOP 4 TACO BELL OPERATOR
- COMMITMENT TO THE LOCATION / NEWLY EXTENDED LEASE
- EXCELLENT DEMOGRAPHICS & AFFLUENT NEIGHBORHOOD
Executive Summary
Northmarq Restaurant Group is pleased to present an exceptional investment opportunity: a single-tenant, drive-thru Taco Bell strategically positioned in a thriving Fresno neighborhood. This property offers a compelling combination of strong financial performance, under market rent, very high traffic counts, a top-tier operator, and an outstanding location. The property is strategically located at the hard corner of the intersection of N 1st St and E Nees Ave, both of which are major arterials of Fresno. It is part of the Woodward Village shopping center, which is anchored by Smart & Final. Many of the local tenants have been in place for decades, highlighting the stability of the retail corridor. The area is home to multiple shopping centers and traffic drivers: the River Park regional shopping mall, Woodward Park Gateway, Park Crossing, Villagio, Universal Park, and more. National tenants in the area include Costco, Target, Home Depot, Lowe’s, Sam’s Club, Best Buy, Kohl’s, Joann, and more – all within a 1-mile radius. The strong retail synergy is complemented by the nearby traffic-driving Kaiser Permanente Medical Center, top rated schools, and numerous business, medical, and office parks. The Taco Bell in Fresno ranks in the Top 10% of locations nationwide, and will continue to benefit from the high income, high growth neighborhood of Woodward Park. This is an opportunity for the investor to capitalize on local investors' expected outlook of Fresno, and the stability of a Top 4 Taco Bell Operator.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,493 SF
Building Class
C
Year Built/Renovated
1986/2011
Price
$2,417,279
Price Per SF
$970
Cap Rate
4.70%
NOI
$113,612
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.08
Land Acres
0.75 AC
Zoning
C-1
Parking
30 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (74)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 303-430-04 | Improvements Assessment | $714,224 |
Land Assessment | $603,395 | Total Assessment | $1,317,619 |
PROPERTY TAXES
Parcel Number
303-430-04
Land Assessment
$603,395
Improvements Assessment
$714,224
Total Assessment
$1,317,619
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Taco Bell | 7785 N 1st St
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