901 N Blackstone Ave
Fresno, CA 93701
Retail Property For Sale

100% Leased Investment Opportunity: Freestanding Corporate Guaranteed 5-year lease with 3% annual increases through May 31, 2023 on an AIR lease form. Retail services have occupied this space for various years with "United Health Centers of the San Joaquin Valley" recently inking a lease through November 2023 offering a return of 5.96%, 6.19%, and 6.43% Years 1, 2, and 3, respectively. Conservative/replaceable rents of only $0.90/SF allow future rent growth. The building just received a full remodel in 2018, and the tenant recently invested $25,000 of additional interior improvements showing their commitment to the market and location, while occupying all 4 separately metered suites within the 4,760 SF building on 0.325 Acres. The vibrant area of Central Fresno attracts various quality tenants surrounding the location bringing great synergy for UHC to flourish. Unique investment offering the tenant paying expenses direct and easy-to-rent retail space within an under-built market with a strong need for these type of spaces off Blackstone Ave. The deal offers a 1.28 DCR when leveraged with 30% down. Well known and established wide-open high exposure ±1,200 SF freestanding retail building on a corner with vehicle access in a very walk-able area (dense location). This property is located in downtown Fresno, just blocks away from where High Speed Rail will be. Newly remodeled interior, fresh exterior, and a lit front sign. The visibility offers a tremendous draw of traffic from the neighboring Fresno High school on top of the ±18,157 cars per day. Sale does NOT include businesses - they are wonderful tenants that will secure your investment.