Family Dollar Retail Ground
For Lease
Contact for pricing
1928 W Olive Ave, Fresno, CA 93728
Built-to-suit Family Dollar property with extended corporate lease and multiple five-year options remaining.
Property Size8,320 SF
Days on Market819
Property Features for 1928 W Olive Ave
General Information
Standard status
Active
Size
8,320 SF
Property subtype
RETAIL
Lease Type
SF/yr
Listing Agency:
Marcus & Millichap
(213) 943-1781
Listed By:
Orbell Ovaness · License #01814678
(213) 943-1822
Source:
Moodyscre
Added: May 3, 2024
Changed: Jul 27
Last Checked: Jul 29 at 2:56PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This Family Dollar retail ground-lease property was built to suit in 2014 and has recently been extended, with more than five years remaining on the corporate lease term. The lease structure includes five additional five-year options remaining, each with 10 percent increases. The subject property also features a ten-year operating history, and the transaction is described as having minimal landlord responsibilities.
The site is accessed from Olive Avenue to Golden State Highway 99, with over 137 cars per day noted in the remarks. The operator is Family Dollar, Inc., identified in the materials as a subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR), described as investment grade under S&P BBB. The remarks also note that this location is the only Family Dollar west of the nearest other Family Dollar and that the nearest alternative is over 14 miles away to the west.
The site is accessed from Olive Avenue to Golden State Highway 99, with over 137 cars per day noted in the remarks. The operator is Family Dollar, Inc., identified in the materials as a subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR), described as investment grade under S&P BBB. The remarks also note that this location is the only Family Dollar west of the nearest other Family Dollar and that the nearest alternative is over 14 miles away to the west.
Key Highlights
- Built‑to‑suit Family Dollar property completed in 2014
- Corporate Family Dollar lease with five+ years remaining
- Includes five, five‑year options remaining with 10% increases each option
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.43 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
8,266 visits/mo
0.3 miles
Valero Energy
Shops & Services
6,068 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
2,420 visits/mo
0.2 miles
Demographics for 93728, CA
16,191
Population
6,878
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
77%
High-School Grad
3.0 sq mi
ZIP Area
5,397
Density / Sq Mi
$52,809
Median Household Income
$34,696
Median Earnings
$1,243
Median Rent
$239,700
Median Home Value
Market
Lease Benchmarks for Fresno, CA
$22.29 /SF/Yr
Avg Asking Price
$8.14–$45 /SF/Yr
Price Range
4,965 SF
Avg Space Size
This space is priced 3% above the average of $22.29 /SF/Yr.
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Built-to-suit Family Dollar property with extended corporate lease and multiple five-year options remaining.
Where is this retail space located?
The property is located at 1928 W Olive Ave Fresno, CA.
What is the lease rate?
The lease rate is $22.89 SF/Yr.
What are key features of this property?
This property features: Built‑to‑suit Family Dollar property completed in 2014; Corporate Family Dollar lease with five+ years remaining; Includes five, five‑year options remaining with 10% increases each option
