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Taco Bell 7785 N 1st St

2,493 SF Retail Building Fresno, CA 93720 £1,891,400 (£759/SF) 4.70% Net Initial Yield

Investment Highlights

  • UNDERMARKET RENT
  • STRONG UNIT-LEVEL FINANCIALS
  • OUTSTANDING LOCATION/EXCELLENT TRAFFIC DRIVERS
  • TOP 4 TACO BELL OPERATOR
  • COMMITMENT TO THE LOCATION / NEWLY EXTENDED LEASE
  • EXCELLENT DEMOGRAPHICS & AFFLUENT NEIGHBORHOOD

Executive Summary

Northmarq Restaurant Group is pleased to present an exceptional investment opportunity: a single-tenant, drive-thru Taco Bell strategically positioned in a thriving Fresno neighborhood. This property offers a compelling combination of strong financial performance, under market rent, very high traffic counts, a top-tier operator, and an outstanding location. The property is strategically located at the hard corner of the intersection of N 1st St and E Nees Ave, both of which are major arterials of Fresno. It is part of the Woodward Village shopping center, which is anchored by Smart & Final. Many of the local tenants have been in place for decades, highlighting the stability of the retail corridor. The area is home to multiple shopping centers and traffic drivers: the River Park regional shopping mall, Woodward Park Gateway, Park Crossing, Villagio, Universal Park, and more. National tenants in the area include Costco, Target, Home Depot, Lowe’s, Sam’s Club, Best Buy, Kohl’s, Joann, and more – all within a 1-mile radius. The strong retail synergy is complemented by the nearby traffic-driving Kaiser Permanente Medical Center, top rated schools, and numerous business, medical, and office parks. The Taco Bell in Fresno ranks in the Top 10% of locations nationwide, and will continue to benefit from the high income, high growth neighborhood of Woodward Park. This is an opportunity for the investor to capitalize on local investors' expected outlook of Fresno, and the stability of a Top 4 Taco Bell Operator.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,493 SF
Building Class
C
Year Built/Renovated
1986/2011
Price
£1,891,400
Price Per SF
£759
Net Initial Yield
4.70%
NOI
£88,896
Tenancy
Single
Number of Floors
1
Slab to Slab
12 ft
Building FAR
0.08
Lot Size
0.75 AC
Zoning
C-1
Parking
30 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
179 ft on E Nees

Amenities

  • Signage
  • Signalised Intersection
  • Drive Thru
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Smart & Final
Boston Market
Buffalo Wild Wings
Starbucks
Td Ameritrade
Community West Bank
Save Mart
Derrel's Mini Storage
Wells Fargo Home Mortgage
Corner Bakery Cafe

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
303-430-04
Land Assessment
£472,126
Improvements Assessment
£558,845
Total Assessment
£1,030,971
  • Listing ID: 33924789

  • Date on Market: 19/11/2024

  • Last Updated:

  • Address: 7785 N 1st St, Fresno, CA 93720

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