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7733 N First St
Fresno, CA
Price:
$9,395,500
Cap Rate:
6.00%
NOI:
$563,730
Ownership Type:
Fee Simple
Building Size:
36,800 SF
Lot Size:
3.37 AC
Lease Type:
NNN
Term Remaining:
15+ Years
Rent Increases:
7.5% Every 5 Years
Lease Options:
3, 5 Year
Guarantor:
Corporate (Smart & Final)
Single tenant Smart & Final located in a prominent shopping center at the corner of N. First Street & E Nees Ave in Northern Fresno. Triple Net Lease with minimal Landlord management responsibilities (see Lease Abstract page)
The property is situated at the 4-way signalized corner of N First Street with excellent daily traffic counts of 20,047 VPD and E Nees Ave with high traffic counts of 29,504 VPD. The subject is situated just east of Highway 41 (59,813 VPD), a north-south highway traversing all of Fresno and providing access to regional markets
The subject is located approximately 1-mile north of Kaiser Permanente Medical Center Kastner Intermediate School is situated just 1/4-mile south of the subject. The subject property is surrounded by densely populated residential communities with over 5,245 households and 12,743 residents within a 1-mile radius. Average Household Incomes exceed $113,000 within a 1-mile radius
Senior Managing Director, Investments
(925) 989-8198
jason.hernandez@marcusmillichap.com
Senior Associate
(203) 962-2042
jack.oneill@marcusmillichap.com
Associate
(901) 612-0515
jackson.lyons@marcusmillichap.com