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United Pacific: Madera, CA 18463 Road 23 6,241 SF 84% Leased Retail Building Madera, CA 93637 $3,964,904 ($635.30/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Irreplaceable location with high barriers to entry for new gas competitors.
Infill location with strong underlying intrinsic value.

Operating history of 7 years.

EXECUTIVE SUMMARY

CBRE is pleased to offer for sale the 6,241 SF United Pacific fuel and convenience store located on 4.95 acres in Fresno, CA - a component of the Fresno, CA MSA. The site features ±14.0 years remaining with a 7.50% rent increase in 2029, 2034 and in each of the three renewal options (two 5-year options, then one 4-year, 10-month option).
BUSINESS IS NOT FOR SALE

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Service Station

Building Size

6,241 SF

Building Class

Year Built

2018

Price

$3,964,904

Price Per SF

$635.30

Cap Rate

5.75%

NOI

$227,982

Percent Leased

84%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.03

Lot Size

4.95 AC

Opportunity Zone

Yes

Zoning

C-2 - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses

Parking

82 Spaces (13.14 Spaces per 1,000 SF Leased)

Frontage

1,336’ on Road 23

Signage

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
POSITION
AVAILABLE

1st Floor
1,000 SF
Office/Retail
-
Now

18463 Road 23, Madera, CA for sale Floor Plan- Image 1 of 1 — Floor Plan

Great Access & Visibility w/ Unmatched Level of Consumer Traffic. ±1,000 SF Available Surrounded with Quality Tenants. New Rocket Shell Station w/ Tremendous Draw of Traffic. Densely Populated Trade Area w/ 114,593 People in 3-Miles. Prime Shop Spaces Across From New Developments. Underserved Retail Neighborhood w/ ±74,243 Cars Per Day. Surrounded with Quality Tenants. Great Exposure w/ Highway 99 Frontage.