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2615 S Chestnut Ave 6,786 SF Retail Building Fresno, CA 93725 $2,975,000 ($438.40/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- High-identity building situated on a signalized corner with ±24,115 average daily traffic.
- Strong store location for performance and consumer base with surrounding residential population and work force.
- Landlord responsible for building roof and structure.
- $12,500 monthly rent with 10% increase due 12/1/28.
EXECUTIVE SUMMARY
High-identity building situated on a signalized corner with ±24,115 average daily traffic. AutoZone Development Corporation is in a current Double Net lease with 9+ years remaining in the term, and (2) five-year options. AutoZone had $53.48B market CAP with $17.48B in 2023. Surrounding area co-tenants include Subway, Dollar General, 7-Eleven, and more.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,786 SF
Building Class
B
Year Built
2008
Price
$2,975,000
Price Per SF
$438.40
Cap Rate
5%
NOI
$148,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.42 AC
Opportunity Zone
Yes
Zoning
C-M - light industrial
Parking
55 Spaces (8.1 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 481-140-25 | Improvements Assessment | $2,565,363 |
| Land Assessment | $519,566 | Total Assessment | $3,084,929 |
PROPERTY TAXES
Parcel Number
481-140-25
Land Assessment
$519,566
Improvements Assessment
$2,565,363
Total Assessment
$3,084,929
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2615 S Chestnut Ave
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