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Fashion Furniture 255 W El Paso Ave

89,080 SF Retail Building Fresno, CA 93711 £12,607,431 (£142/SF) 8% Net Initial Yield

Investment Highlights

  • 15-year absolute net lease with 2.5% annual rental increases
  • Priced below replacement cost – $179.38/SF
  • Heavy retail presence in the trade area directly benefits from the affluent demographics – $116,476 average household incomes within a 3-mile radius
  • Replaceable market rent
  • Subject property directly adjacent to Sprouts & Ross and across the street from Lowe’s & Sam’s Club
  • Multiple nearby shopping centers with large national anchors including Costco, Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Trader Joe’s

Executive Summary

High yield investment with 60-year operating history and robust unit level performance.
A 15-year absolute net lease with personal and corporate guaranty from the operator with 2.5% annual rental increases in an A+ retail corridor node with over 2M+ SF of class A retail.

Attachments

FashionFurniture_LouRodmans_FresnoCA

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
89,080 SF
Building Class
C
Year Built/Renovated
2001/2024
Price
£12,607,431
Price Per SF
£142
Net Initial Yield
8%
NOI
£1,008,577
Tenancy
Single
Number of Floors
1
Building FAR
0.56
Land Acres
3.66 AC
Zoning
CM

Links

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255 W El Paso Ave, Fresno, CA - aerial map view
Walk Score ®
Very Walkable (83)
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.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Sprouts Farmers Market
Famous Dave's
Red Robin Gourmet Burgers
Capriotti's
Orangetheory Fitness
Club Pilates
Bank of America
Five Guys
Yard House
Starbucks

PROPERTY TAXES

Parcel Number 303-670-14S Improvements Assessment £4,661,920
Land Assessment £1,561,333 Total Assessment £6,223,253

PROPERTY TAXES

Parcel Number
303-670-14S
Land Assessment
£1,561,333
Improvements Assessment
£4,661,920
Total Assessment
£6,223,253
(415) 274-2715

  • Listing ID: 33301869

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 255 W El Paso Ave, Fresno, CA 93711

The Retail Property at 255 W El Paso Ave, Fresno, CA 93711 is currently available For Sale. Contact CP Partners CRE for more information.

Nearby Listings

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255 W El Paso Ave, Fresno, CA for sale Building Photo- Image 1 of 5
FF - External 1
255 W El Paso Ave, Fresno, CA for sale Building Photo- Image 2 of 5
FF - External 2
255 W El Paso Ave, Fresno, CA for sale Building Photo- Image 3 of 5
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255 W El Paso Ave, Fresno, CA for sale Aerial- Image 4 of 5
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© 2024 CoStar Group

Fashion Furniture | 255 W El Paso Ave
(415) 274-2715 x

Fashion Furniture | 255 W El Paso Ave

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John Andreini

(415) 274-2715

(415) 274-2715

Kirby Dederian

(415) 274-2700

(415) 274-2700

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