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Investment Highlights
- Call for Offers Due Friday, July 10th
- FoodMaxx Sales Rank #1 of 17 Save Mart/FoodMaxx Stores in Fresno-Clovis
- Over 78% of the GLA is Occupied by National, Regional or Franchised Brands
- Priced Below Replacement Cost at $134/sf
- Value Add through Lease Up of Vacant former Drive-Thru Restaurant
- Dense Infill Area with Over 382,000 People Within a 5-Mile Radius
Executive Summary
Call for Offers Due Friday, July 10th - Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of the Blackstone-Barstow Center, a high-performing grocery anchored community shopping center located at the signalized high-traffic intersection of Blackstone and Barstow Avenues in Fresno, California. The center is comprised of ±130,769 square feet of commercial space situated on seven separate tax parcels totaling ±11.22 acres of land and is 97.4% leased to 8 tenants with over 78% of the GLA being occupied by national, regional or franchised tenants. The subject property is well-positioned on a stretch of North Blackstone Avenue that has a dense core of retail and commercial buildings. Neighboring tenants at or near the intersection include Target, Smart & Final, Burlington, Dollar Tree, AutoZone, Guitar Center, Chevron, McDonald’s, Taco Bell, Panda Express, and several national car dealerships and national hotel chains. This offering presents an investor with an opportunity to acquire a successful community shopping center located in one of California’s largest cities.
Property Facts
| Price | $17,500,000 | Number of Properties | 6 |
| Price / SF | $133.82 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 130,769 SF |
| Sale Type | Investment | Total Land Area | 14.55 AC |
| Status | Active |
| Price | $17,500,000 |
| Price / SF | $133.82 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 130,769 SF |
| Total Land Area | 14.55 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5418-5422 N Blackstone Ave, Fresno, CA 93710 | Retail | 82,500 SF | 1974 | - |
| 102 E Barstow Ave, Fresno, CA 93710 | Retail | 21,990 SF | 1975 | - |
| 5404-5412 N Blackstone Ave, Fresno, CA 93710 | Retail | 11,319 SF | 1978 | - |
| 5488 N Blackstone Ave, Fresno, CA 93710 | Retail | 10,000 SF | 1970 | - |
| 5420 N Blackstone Ave, Fresno, CA 93710 | Retail | 3,372 SF | 2005 | - |
| 44 E Barstow Ave, Fresno, CA 93710 | Retail | 1,588 SF | 1982 | - |
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