Subway Franchise
For Sale
$550,000
1195 Herndon Ave, Clovis, CA 93612
The operating counter-service business includes an equipped service line and free parking.
Property Size1,385 SF
Price / SF$397.11
Days on Market16
Property Features for 1195 Herndon Ave
General Information
Standard status
Active
Size
1,385 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
Realty One Group Action
(559) 631-3300
Listed By:
Harpreet Deol · License #1893138
(559) 930-3468
Source:
Exprealty
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 5 at 9:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Action
Investment Insights
Based on property information with market context.
An operating Subway franchise is located at 1195 Herndon Ave in Clovis, California. The restaurant has a modern build-out, an equipped counter-service line, and free parking. The location is directly across from Walmart.
The business operates under franchise standards. Seller financing is available.
The business operates under franchise standards. Seller financing is available.
Key Highlights
- Operating Subway franchise at 1195 Herndon Ave in Clovis, California
- Restaurant is directly across from Walmart
- Equipped counter‑service line and free parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,979
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,580
$419.6K
Cap Rate 7%
$299,700
$299.7K
Cap Rate 9%
$233,100
$233.1K
Market Conditions
NOI Build-Up for 1,385 SF
Gross rent
$29.9K $21.60/SF
− Vacancy
−$1.9K −$1.40/SF
EGI
$28.0K $20.20/SF
− OpEx
−$7.0K −$5.05/SF
NOI
$21.0K $15.15/SF
Area
Clovis, CA
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,580
Cap Rate 7%
$299,700
Cap Rate 9%
$233,100
Alternative Uses
Best Use
Specialty Retail
$299.7K
$262.2K – $349.7K
NOI $20,979 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.9K
$305.3K – $407.1K
NOI $24,425 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
762k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 25%
Superstores 23%
Apparel 23%
Shops & Services 15%
Walmart
Superstores
177,800 visits/mo
0.2 miles
In-N-Out Burger
Dining
69,625 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
49,590 visits/mo
0.2 miles
Ross Dress for Less
Apparel
43,758 visits/mo
0.2 miles
Sprouts Farmers Market
Groceries
24,581 visits/mo
0.2 miles
Demographics for 93612, CA
37,368
Population
14,362
Households
2.6
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
5,577
Density / Sq Mi
$64,079
Median Household Income
$40,460
Median Earnings
$1,410
Median Rent
$311,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The operating counter-service business includes an equipped service line and free parking.
Where is this conventional restaurant located?
The property is located at 1195 Herndon Ave Clovis, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Operating Subway franchise at 1195 Herndon Ave in Clovis, California; Restaurant is directly across from Walmart; Equipped counter‑service line and free parking
