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Starbucks & Shops 4645 Jensen ave 5,646 SF 100% Leased 4-Star Retail Building Fresno, CA 93725 $5,272,000 ($933.76/SF) 5.50% Cap Rate
Investment Highlights
- 100% Leased Internet Resistant Multi-Tenant Pad | New Construction | Starbucks Double Drive-Thru | Wingstop | Scheduled Rental Increases | NNN Leases
- 51,225 VPD Intersection | Excellent Visibility & Access | Prime Real Estate Fundamentals
- 5th Largest City in California | Strong Demographics in 5-Mile Trade Area
- Pad to Jensen Landing | 65,000 SF Retail and 151-Unit Multifamily Development | National Credit Co-Tenants
- Under Served Retail Destination in City of Fresno
Executive Summary
• Newly constructed 5,646 SF multi-tenant retail shop building.
• Internet-resistant tenant mix anchored by Starbucks.
• Starbucks (Double Drive-Thru) - new 10-year lease with 10% increases every 5-years.
• Wing Stop - new 10-year lease with scheduled rental increases throughout the initial term and option periods.
• Terriyaki Madness - new 10-year lease with 10% increases every 5 years
• Smoke Shop - New 3-year lease with approximately 3% increases every year
• All leases are NNN, minimizing expense leakage for future ownership.
• The property features state-of-the-art, brand-new construction with modern materials and contemporary design.
• Internet-resistant tenant mix anchored by Starbucks.
• Starbucks (Double Drive-Thru) - new 10-year lease with 10% increases every 5-years.
• Wing Stop - new 10-year lease with scheduled rental increases throughout the initial term and option periods.
• Terriyaki Madness - new 10-year lease with 10% increases every 5 years
• Smoke Shop - New 3-year lease with approximately 3% increases every year
• All leases are NNN, minimizing expense leakage for future ownership.
• The property features state-of-the-art, brand-new construction with modern materials and contemporary design.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,646 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,272,000
Price Per SF
$933.76
Cap Rate
5.50%
NOI
$289,950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
CC - Commercial Community
Parking
31 Spaces (5.49 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 480-030-60 | Improvements Assessment | $0 |
| Land Assessment | $1,958,077 | Total Assessment | $1,958,077 |
Property Taxes
Parcel Number
480-030-60
Land Assessment
$1,958,077
Improvements Assessment
$0
Total Assessment
$1,958,077
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Starbucks & Shops | 4645 Jensen ave
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