722 Blackstone Ave, Fresno, CA 93701
2,959 SF | Retail Building | Fresno, CA 93701 | $4,442,000 ($1,501/SF) | 4.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,442,000
- Property Type
-
Retail
- Square Feet
- 2,959 SF
- Price / Square Foot
- $1,501
Listing Contacts
Dan Riley
Verified Profile
Austin Wolitarsky
Verified Profile
- Property Info
Property Overview
ADDRESS: 722 N. Blackstone Avenue, Fresno, CA
ASKING PRICE: $4,442,000
CAP RATE: 4.5%
YR. 1 NOI: $199,900
LEASE TYPE: Absolute NNN (ZERO LL Responsibilities)
INCREASES: 10% Increases/Five Years
OPTIONS: Three (3) Five Year Options, One (1) Four Year & 11 Month Option
LEASE BEGIN: April 1, 2022
LEASE END: March 31, 2037
TERM REMAINING: +/- 13 Yrs. Remaining
OWNERSHIP: Fee Simple (Land & Building)
BUILDING SF: +/-2,959 sf
LAND AREA: +/-22,333 SF (0.51 Acres)
YEAR BUILT: Completed December 2021
OCCUPANCY: 100%
APN: 452-224-20
PARKING: 9 Stalls
TRAFFIC COUNTS: State Route 180 (+/-123,000 VPD); Blackstone Ave & Bremer Ave (+/-25,000 VPD)
ASKING PRICE: $4,442,000
CAP RATE: 4.5%
YR. 1 NOI: $199,900
LEASE TYPE: Absolute NNN (ZERO LL Responsibilities)
INCREASES: 10% Increases/Five Years
OPTIONS: Three (3) Five Year Options, One (1) Four Year & 11 Month Option
LEASE BEGIN: April 1, 2022
LEASE END: March 31, 2037
TERM REMAINING: +/- 13 Yrs. Remaining
OWNERSHIP: Fee Simple (Land & Building)
BUILDING SF: +/-2,959 sf
LAND AREA: +/-22,333 SF (0.51 Acres)
YEAR BUILT: Completed December 2021
OCCUPANCY: 100%
APN: 452-224-20
PARKING: 9 Stalls
TRAFFIC COUNTS: State Route 180 (+/-123,000 VPD); Blackstone Ave & Bremer Ave (+/-25,000 VPD)
Property Details
- Class
- C
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 22,216 SF
Highlights
- Best In Class Tenant Investment Grade Credit
- New Long Term Lease with ZERO Landlord Responsibilities
- Brand New Prototype 7-Eleven C-Store + Gas
- Fee Simple Ownership = Tax Depreciation Benefits
- Freeway Visibility + Immediate On/Off Ramp Access Location
- Ideal 7-Eleven Trade Area Demographics
Nearby Properties
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