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T-Mobile 7090 N Blackstone Ave 3,400 SF Retail Building Fresno, CA 93650 $3,995,000 ($1,175/SF) 5.10% Cap Rate
Executive Summary
Situated along Blackstone Avenue, one of Fresno's most heavily trafficked and commercially vibrant corridors, this property offers unparalleled visibility and accessibility. With high vehicle counts and close proximity to major national retailers, popular eateries, and essential services, this location serves as a magnet for both consumer traffic and long-term business viability.
The property is anchored by T-Mobile, a globally recognized leader in telecommunications and a Fortune 500 company. T-Mobile has maintained a strong presence at this location since 2008, reflecting a deep-rooted commitment to this strategic site. Their longstanding occupancy is a testament to the stability and desirability of the property.
The property is secured by a newly executed Triple Net (NNN) lease, which the tenant has signed to commence on July 1, 2026, and run for a full six-year term, providing strong income stability for the investor. In addition, the lease includes two additional renewal options, offering further long-term security an predictable future cash flow.
This is a rare opportunity to acquire a turnkey investment with a nationally recognized tenant in a high-visibility, high-traffic location, making it a compelling asset for any investor seeking long-term income and strong market fundamentals.
The property is anchored by T-Mobile, a globally recognized leader in telecommunications and a Fortune 500 company. T-Mobile has maintained a strong presence at this location since 2008, reflecting a deep-rooted commitment to this strategic site. Their longstanding occupancy is a testament to the stability and desirability of the property.
The property is secured by a newly executed Triple Net (NNN) lease, which the tenant has signed to commence on July 1, 2026, and run for a full six-year term, providing strong income stability for the investor. In addition, the lease includes two additional renewal options, offering further long-term security an predictable future cash flow.
This is a rare opportunity to acquire a turnkey investment with a nationally recognized tenant in a high-visibility, high-traffic location, making it a compelling asset for any investor seeking long-term income and strong market fundamentals.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,400 SF
Building Class
C
Year Built
2008
Price
$3,995,000
Price Per SF
$1,175
Cap Rate
5.10%
NOI
$203,580
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.25
Lot Size
0.31 AC
Zoning
CMX - Commercial
Parking
11 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 303-164-02 | Improvements Assessment | $1,804,053 |
| Land Assessment | $1,167,328 | Total Assessment | $2,971,381 |
Property Taxes
Parcel Number
303-164-02
Land Assessment
$1,167,328
Improvements Assessment
$1,804,053
Total Assessment
$2,971,381
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T-Mobile | 7090 N Blackstone Ave
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