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#1 Walgreen's within 100 miles 1016 W Shaw Ave 15,435 SF Retail Building Fresno, CA 93704 $6,416,000 ($415.68/SF) 6% Cap Rate
Investment Highlights
- Ranked #1 Walgreen's within 100 miles with $32M in Credit Card Sales per CenterCheck
- Rare Walgreens Lease with 10% Rent Increases Every 10-years
- Across from Whole Foods Anchored Fig Garden Village
- Absolute NNN Corporate Guaranteed Ground Lease | No Landlord Responsibilities
- Hard Corner Free-Standing Prototype Construction with Drive-Thru Lane
- High Traffic Volume Location | 72,350 ADT at Shaw and Palm Avenues
Executive Summary
Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this property that is ground leased to Walgreens, who constructed at their expense the site work and a ±15,435 square foot free-standing prototype building with drive-thru pharmacy lane located at the signalized corner of Shaw Avenue and Palm Avenue in Fresno, California. With over 72,350 average daily traffic at the intersection, the subject property has unobstructed visibility to busy Shaw and Palm Avenues and access points on both arterials. The strategic location of this property is within a dense and centralized 360-degree trade area of Fresno. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, passive commercial property investment that is ground leased to a nationally recognized corporate guarantor, with a long-term lease commitment to the subject site.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,435 SF
Building Class
B
Year Built
2012
Price
$6,416,000
Price Per SF
$415.68
Cap Rate
6%
NOI
$384,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.45 AC
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 417-303-72 | Improvements Assessment | $4,585,033 |
| Land Assessment | $2,009,480 | Total Assessment | $6,594,513 |
Property Taxes
Parcel Number
417-303-72
Land Assessment
$2,009,480
Improvements Assessment
$4,585,033
Total Assessment
$6,594,513
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#1 Walgreen's within 100 miles | 1016 W Shaw Ave
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