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.
Space Size8,320 SF
Days on Market914
Property Features for 1928 W Olive Ave
General Information
Standard status
Active
Size
8,320 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Fresno High-Roeding
Spaces For Lease
at 1928 W Olive Ave
1928 W Olive Ave
$22.89/SF/Yr
Floor
Bldg
Size
8,320 SF
Type
RETAIL
Lease Type
OTHER
Availability
AVAILABLE, Now
- Recently Extended Corporate Family Dollar | Five+ Years Remaining
- Built-to-Suit in 2014 – Minimal Landlord Responsibilities
- Five - Five-year Options Remaining with 10 Percent Increases Each Option | Ten-Year Operating History at the Subject Property
- Only Family Dollar west of the Nearest Family Dollar & Highway 99 / Nearest Family Dollar is Over 14 Miles Away to the West
- Corporate Lease (NASDAQ: DTLR) Investment Grade (S&P: BBB): Family Dollar, Inc. is a Subsidiary of Dollar Tree, Inc.
- Largest Dollar Store Chain in the United States with 16,162 Locations; Record-Setting 2021 Net Sales of $26.3 Billion; Ranked #137 in the Fortune 500 (2022)
- Excellent Access from Olive Avenue to Golden State Highway 99 with Over 137 Cars Per Day – Serving the Essential Needs of Western Fresno Consumers
- Fresno is the Fifth Largest City in California and the Metropolitan Hub for the Central Valley. Located in the Heart of California, Fresno is an Agricultural Center for the World.
Contact us
Listing Agency:
Marcus & Millichap
(310) 909-5500
Listed By:
Ara Rostamian · License #01814678
(213) 943-1781
Source:
Moodyscre
Added: May 3, 2024
Changed: Oct 25
Last Checked: Nov 1 at 9:08AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.43 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 36%
Hotels & Casinos 2%
McDonald's
Dining
33,750 visits/mo
0.1 miles
Taco Bell
Dining
9,259 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,911 visits/mo
0.0 miles
Chevron
Shops & Services
5,852 visits/mo
0.3 miles
Sinclair
Shops & Services
4,723 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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
