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6767 N 1st St 4,124 SF Retail Building Fresno, CA 93710 $2,100,000 ($509.21/SF) 5% Cap Rate
EXECUTIVE SUMMARY
CoSol Commercial Real Estate is pleased to present the opportunity to acquire a single-tenant net-lease investment located at 6767 N First Street, Fresno, California. The property is offered at a purchase price of $2,100,000 and is subject to a 15-year NNN lease by the owner with scheduled 10% rent increases every five (5) years, providing long-term income stability and built-in rent growth. The lease includes three (3) additional five-year renewal options, further extending the potential duration of the income stream.
The investment is structured as a sale-leaseback, with lease commencement occurring at Close of Escrow, allowing the buyer to acquire the property with an established tenant in place from day one. The lease generates $105,000 in annual Net Operating Income, with landlord responsibilities minimized under the NNN lease structure. This offering presents investors with predictable cash flow, contractual rent escalations, and a long remaining lease term.
The property is improved with a ±4,124 square foot freestanding building situated on an approximately 0.55-acre parcel, supporting continued use as a single-tenant restaurant. Located along North First Street in Fresno, the site benefits from its positioning within an established commercial corridor serving surrounding residential and retail uses. The combination of long-term lease security, scheduled rent increases, and sale-leaseback structure makes this offering well-suited for investors seeking stable income with limited management obligations.
The investment is structured as a sale-leaseback, with lease commencement occurring at Close of Escrow, allowing the buyer to acquire the property with an established tenant in place from day one. The lease generates $105,000 in annual Net Operating Income, with landlord responsibilities minimized under the NNN lease structure. This offering presents investors with predictable cash flow, contractual rent escalations, and a long remaining lease term.
The property is improved with a ±4,124 square foot freestanding building situated on an approximately 0.55-acre parcel, supporting continued use as a single-tenant restaurant. Located along North First Street in Fresno, the site benefits from its positioning within an established commercial corridor serving surrounding residential and retail uses. The combination of long-term lease security, scheduled rent increases, and sale-leaseback structure makes this offering well-suited for investors seeking stable income with limited management obligations.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
4,124 SF
Building Class
C
Year Built
1980
Price
$2,100,000
Price Per SF
$509.21
Cap Rate
5%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.55 AC
Zoning
C-2
Parking
40 Spaces (6.95 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 408-070-12 | Improvements Assessment | $1,177,651 |
| Land Assessment | $546,155 | Total Assessment | $1,723,806 |
PROPERTY TAXES
Parcel Number
408-070-12
Land Assessment
$546,155
Improvements Assessment
$1,177,651
Total Assessment
$1,723,806
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6767 N 1st St
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