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NEC of Belmont & First St ave
Fresno, CA 93701
NN Leased Single Tenant Quick Service Investm · Land For Sale · 0.05 AC

INVESTMENT HIGHLIGHTS

  • Experienced Operator, Scheduled Rent Increases
  • No Options - Renewal Terms Negotiable
  • Prime Investment: Land Parcel With Billboard
  • Absolute NN Lease w/ Healthy Annual Increases
  • Corporate Guarantee w/ Multi-Unit Operator
  • Occupation Originated 2003; Just Renewed Through Nov. 2024

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Total Lot Size 0.05 AC
Zoning NMX - Neighborhood Mixed Use

DESCRIPTION

Fully paved corner lot with national tenant on a long term lease. Outfront has occupied the space for 15+ years with a high probability to sign another 5 year extension. The lease rate is very conservative at only $4,500/year making this a very profitable location. They have termed out of all options allowing the upcoming renewal to be negotiated at market terms. Additionally, the fully improved concrete allows for opportunity for expanded uses such as a Food Truck rental with potential of $300 to $500 per month. The parcel is located right off CA-41 & CA-180 on/off ramps that offer easy access to all parts of Fresno within minutes. Fresno, California is the 5th most populous city in California and a great market to utilize billboards and other out-of-home media formats in your advertising campaign. With a population of approximately 531,581 people, there’s a great opportunity for businesses small and large to leverage out-of-home advertising in finding new customers, building their brand, and growing their business. Billboards in Fresno, California are usually located in highly visible, heavy traffic areas such as highways, primary arterials, and major intersections.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
454-261-16
Land Assessment
$40,800
Improvements Assessment
$0
Total Assessment
$40,800
  • Listing ID: 29121168

  • Date on Market: 7/27/2023

  • Last Updated:

  • Address: NEC of Belmont & First St ave, Fresno, CA 93701

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