Value-Add Retail on High-Traffic Corner 2 Properties Online Auction Sale Fresno, CA
INVESTMENT HIGHLIGHTS
- Dakota Plaza presents an enticing retail investment with existing income, placement in a high-demand submarket, and long-term growth potential.
- Currently 38% occupied a diverse tenant mix with 1.68-year WALT, the property offers an immediate leasing upside for a value-add investor.
- See consistent demand from a growing 3-mile population that exceeds 146K and drove retail spending of more than $1B during 2024.
- Enjoy top-of-mind positioning with the center’s fantastic location on a signalized intersection that sees more than 12,000 daily vehicles.
- Benefit from the robust demand in the local submarket, with vacancies at just 4.7% and five-year annual average rent growth of 3.3%.
EXECUTIVE SUMMARY
Secure an income-producing retail center with multiple high-yield growth opportunities with the acquisition of Dakota Plaza at 3761-3791 N Hughes Avenue in Fresno, California.
This 14,400-square-foot facility comprises two buildings with six functional suites currently 38% occupied by a diverse tenant mix that includes a restaurant, a bakery, and a smoke shop. Built in 1994, the property is situated on a 1.04-acre lot with approximately 40 on-site parking spaces. An additional neighboring paved lot measuring 1.22 acres will also convey with the sale. Built as a parking lot and currently in disrepair, the site can be renovated to provide further high-capacity surface parking to support the center.
Discover the versatile growth potential that sets this asset apart from competitors in the area. The current tenancy of Dakota Plaza carries a weighted average lease term (WALT) of 1.68 years, providing existing income and supporting the quick implementation of several different growth strategies. Value-add investors will be able to leverage elevated demand in the Midtown-South Retail Submarket to easily tenant the property. Currently, vacancy rates in the submarket sit at just 4.7%, with five-year annual average rent growth of 3.3%. There is also robust upside for long-term investors as a carried land play for future redevelopment, with flexible zoning allowing for a variety of different commercial projects.
Placed at the busy signalized corner of N Hughes Avenue and W Dakota Avenue, Dakota Plaza stays at top of mind in the local market, with direct exposure to more than 12,000 daily vehicles. The building’s prominent pylon signage offers heightened brand visibility to tenants, and two convenient access points allow for easy customer entry. The surrounding area draws potential customers with nearby traffic-driving retail locations for national brands such as Save Mart, dd’s Discounts, O’Reilly Auto Parts, CVS, McDonald's, Starbucks, and more. Additionally, the property is easily accessible from a large customer base in Downtown Fresno, just 6 miles away.
Benefit from the impressive demographic profile that supports this thriving investment market. A growing population of more than 146,000 lives within 3 miles of Dakota Plaza, offering a dependable customer base to tenants of the property. The average household income for the region exceeds $78,000, and with over $1 billion in retail spending during 2024, there is abundant retail demand that creates an environment of success for tenants and investors in this vibrant Central Valley hub.
This 14,400-square-foot facility comprises two buildings with six functional suites currently 38% occupied by a diverse tenant mix that includes a restaurant, a bakery, and a smoke shop. Built in 1994, the property is situated on a 1.04-acre lot with approximately 40 on-site parking spaces. An additional neighboring paved lot measuring 1.22 acres will also convey with the sale. Built as a parking lot and currently in disrepair, the site can be renovated to provide further high-capacity surface parking to support the center.
Discover the versatile growth potential that sets this asset apart from competitors in the area. The current tenancy of Dakota Plaza carries a weighted average lease term (WALT) of 1.68 years, providing existing income and supporting the quick implementation of several different growth strategies. Value-add investors will be able to leverage elevated demand in the Midtown-South Retail Submarket to easily tenant the property. Currently, vacancy rates in the submarket sit at just 4.7%, with five-year annual average rent growth of 3.3%. There is also robust upside for long-term investors as a carried land play for future redevelopment, with flexible zoning allowing for a variety of different commercial projects.
Placed at the busy signalized corner of N Hughes Avenue and W Dakota Avenue, Dakota Plaza stays at top of mind in the local market, with direct exposure to more than 12,000 daily vehicles. The building’s prominent pylon signage offers heightened brand visibility to tenants, and two convenient access points allow for easy customer entry. The surrounding area draws potential customers with nearby traffic-driving retail locations for national brands such as Save Mart, dd’s Discounts, O’Reilly Auto Parts, CVS, McDonald's, Starbucks, and more. Additionally, the property is easily accessible from a large customer base in Downtown Fresno, just 6 miles away.
Benefit from the impressive demographic profile that supports this thriving investment market. A growing population of more than 146,000 lives within 3 miles of Dakota Plaza, offering a dependable customer base to tenants of the property. The average household income for the region exceeds $78,000, and with over $1 billion in retail spending during 2024, there is abundant retail demand that creates an environment of success for tenants and investors in this vibrant Central Valley hub.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Operating and Financial Statements
- Title
PROPERTY FACTS
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 14,400 SF |
| Total Land Area | 2.26 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
| 3761-3791 N Hughes Ave, Fresno, CA 93705 | Retail | 14,400 SF | 1994 |
|
Fenced & Paved Land with Utilities In Place
2211 W Dakota Ave, Fresno, CA 93705 |
Land | 53,143 SF | - |
SALE ADVISORS
SALE ADVISORS
Wesley Staples, Co-Founder & Principal
(916) 806-0805
Contact
An accomplished Senior Executive with over 15 years of success across the real estate and private equity industries. Broad areas of expertise include sourcing, underwriting and managing acquisitions, capital markets, capital raising, development, real estate, and partnerships. Throughout his executive career, Wes has held leadership positions with InCommercial, Ten-X (CoStar Company), Divergent Capital, Harris Bay Development, Palmer Capital, and Basin Street Properties and having commenced his career with GESD Capital in San Francisco.
Marc Barber, Co-Founder & Principal
(916) 717-2079
Contact
Marc is a founder and a principal at Avid Commercial Real Estate, the top brokerage for auction real estate sales in commercial real estate and a leading commercial redevelopment investment firm. Avid CRE provides strategic guidance, pioneering solutions, and unparalleled expertise unlock maximum value. Using integrity as a foundation, Avid CRE aims to catalyze growth, foster partnerships, and create abundant opportunities for success.
Working in real estate since 2006, Marc Barber has been involved in a wide variety of investment sales, equity/debt placement, and principal ownership. Prior to starting Avid Commercial Real Estate, Marc worked for InCommercial Property Group as Managing Director of Investment, adding over 40 properties to their large portfolio. Marc worked with Stan Johnson Company focusing on net lease investment sales and Palmer Capital, Inc. for focusing on retail, office, and industrial investment sales transactions. Marc has participated in over $2 Billion in transactions in 26 states working on single-tenant to very multi-tenanted properties including ground leases, sale leasebacks, and forward commitments. As a licensed General Appraiser, Marc was engaged in valuations of office, retail, industrial, and apartment properties with a cumulative value over $500 Million.
Working in real estate since 2006, Marc Barber has been involved in a wide variety of investment sales, equity/debt placement, and principal ownership. Prior to starting Avid Commercial Real Estate, Marc worked for InCommercial Property Group as Managing Director of Investment, adding over 40 properties to their large portfolio. Marc worked with Stan Johnson Company focusing on net lease investment sales and Palmer Capital, Inc. for focusing on retail, office, and industrial investment sales transactions. Marc has participated in over $2 Billion in transactions in 26 states working on single-tenant to very multi-tenanted properties including ground leases, sale leasebacks, and forward commitments. As a licensed General Appraiser, Marc was engaged in valuations of office, retail, industrial, and apartment properties with a cumulative value over $500 Million.
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