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1055 E Herndon Ave
Fresno, CA 93720

Retail For Sale · Retail Property For Sale · 10,064 SF

PROPERTY FACTS

Price Not Individually For Sale
Building Size 10,064 SF
Property Type Retail
Property Subtype Freestanding
Building Class B
Lot Size 3.42 AC
Parking Ratio 4/1,000 SF

Executive Summary

APN: 408-140-38

Northern Village Shopping Center is a 31,990+/- square foot T.G.I. Friday’s-anchored shopping center located in Fresno, California, in the heart of Central California’s prosperous Valley. The Property is centrally located on the southeast corner of First Street and Herndon Avenue in the City of Fresno. It is easily accessible from the Herndon Avenue Exit from Highway 41, which is less than 2 blocks to the west of the property. Freeway 41 bisects Fresno in a northeast- southwest direction, and leads to nearby Kings County to the south and Madera County to the north.

Northern Village has good curb appeal, is well maintained, and has minimal deferred maintenance. The property has good ingress/egress from First Street. The corner includes a pharmacy (not a part), which greatly enhances the visibility of the property.

The center is anchored by T.G.I. Friday’s, which provides important traffic for the resident shops. Other tenants include Phoenician Restaurant, Village Liquor, Pacific Seafood, Bridal Ring Center, Village Florist, Roxanne’s Birkenstock’s, Fresno School of Music, Wassabi Restaurant, Parisien Café, Linda Your Travel Maker, Allergy One, Fresno Wallpaper Design Warehouse, Design Hair Studio and Hair Styles By Deborah making up the rest of the tenant base. All leases are structured on a Triple Net basis with all tenants contributing to the common area expenses of the center.

The L shaped center, consists of four buildings totaling 31,990+/- square feet, and are part of a larger complex that includes a Pharmacy (not a part) and Business Park (not a part) totaling over 200,000 square feet. An excellent parking ratio of 4.00/1,000 square feet exists for the center.

Completed in 1980, and situated on a 3.42-acre lot, the center sits along one of the busiest arterials in the sub-market. North First Street intersects the heavily trafficked Herndon Avenue, with a traffic count of nearly 48,690 vehicles per day. More than 77,100 vehicles travel through the intersection each day.
  • Listing ID: 656569

  • Address: 1055 E Herndon Ave, Fresno, CA 93720