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    1928 W Olive Ave Fresno, CA 93728

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    For Sale
    $2,335,605

    Corporate Family Dollar with five+ years remaining in Fresno, CA.

    Property size:
    8,320 SF
    Lot size:
    1.00 Acres

    Property Features for 1928 W Olive Ave

    General Information

    Size
    8,320 SF
    Lot size
    1.00 Acres

    Source: Marcus & Millichap Agent Ara Rostamian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Family Dollar Investment Opportunity

    This corporate Family Dollar property, built-to-suit in 2014, offers minimal landlord responsibilities and features a recently extended lease with five+ years remaining. The property includes five, five-year options with 10 percent increases for each option, and has a ten-year operating history. As the only Family Dollar west of the nearest location and Highway 99, it serves the essential needs of western Fresno consumers. The corporate lease is backed by Family Dollar, Inc., a subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR), with an investment grade rating (S&P: BBB). Family Dollar is the largest dollar store chain in the United States, with 16,162 locations and record-setting 2021 net sales of $26.3 billion, ranking #137 in the Fortune 500 (2022). The property benefits from excellent access from Olive Avenue to Golden State Highway 99, with over 137 cars per day. Located in Fresno, the fifth largest city in California and the metropolitan hub for the Central Valley, this property is situated in an agricultural center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Nana's Flower Shop, Brown's Floral, Analy's Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.833545
    Latitude
    36.757875

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    FAQs

    What type of property is this?
    Storefront property - Corporate Family Dollar with five+ years remaining in Fresno, CA.
    Where is this storefront property located?
    The property is located at 1928 W Olive Ave Fresno, CA.
    What is the asking price?
    The asking price for this property is $2,335,605.
    What are key features of this property?
    This property features: - Corporate Lease with Investment Grade Credit (S&P: BBB) - Subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR); - Five+ Years Remaining on Lease with Five - Five-Year Options Remaining with 10 Percent Increases Each Option; - Built-to-Suit in 2014 with Minimal Landlord Responsibilities
    (310) 909-5500
    Request Owner's contact information
    1928 W Olive Ave Fresno, CA 93728
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    Fresno, CA 93728
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1928 W Olive Ave Fresno, CA 93728
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