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18463 Road 23
Madera, CA 93637
United Pacific Madera, CA · Retail Property For Sale
Investment Highlights
- ±7.9-year absolute NNN lease
- Operating history of 8 years
- 7.50% rent increase in July 2029 and in each of the options (3 x 5-year options)
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 is subject to a ±7.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
6,241 SF
Building Class
B
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
Amenities
- Signage
Property Taxes
| Parcel Number | 029-260-062 | Improvements Assessment | $5,411,502 |
| Land Assessment | $1,804,053 | Total Assessment | $7,215,555 |
Property Taxes
Parcel Number
029-260-062
Land Assessment
$1,804,053
Improvements Assessment
$5,411,502
Total Assessment
$7,215,555
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