2615 S Chestnut Ave Fresno, CA 93725

Listing agency KW Commercial Oakland Show Phone

Listed by Justin Paek · License #01380837

Source Crexi

Added: Apr 11 Updated: Jul 21 at 5:16AM Checked: Jul 22 at 3:31PM

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Investment Insights

Based on property information with market context.

A free-standing retail building is offered for sale and is currently occupied by AutoZone Corp under a NNN lease with 10+ years remaining. The lease is backed by a corporate guarantee and includes 10% rent escalation after 2028, along with two, five-year options.

The property is located in Fresno, CA on a hard, signalized corner intersection of S. Chestnut Ave. and E. Jensen Ave. The intersection reportedly sees over 24,115 vehicles per day. Area co-tenants include Dollar General, 7-Eleven, Subway, and others.

AutoZone (NYSE: AZO) is a leading retailer/distributor of autoparts, and the company reported $17.5 billion in revenue in 2023 across 7,140 store locations.

Key Highlights

• Free‑standing retail building occupied by AutoZone under a long‑term NNN lease
• 10+ years remaining on the NNN lease with a corporate guarantee
• AutoZone has 9+ years remaining with a corporate guarantee; 10% rent escalation after 2028

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FAQs

What type of property is this?

NNN property - AutoZone occupies a free-standing retail building under a long-term NNN lease with corporate guarantee.

Where is this nnn property located?

The property is located at 2615 S Chestnut Ave Fresno, CA.

What are key features of this property?

This property features: Free‑standing retail building occupied by AutoZone under a long‑term NNN lease; 10+ years remaining on the NNN lease with a corporate guarantee; AutoZone has 9+ years remaining with a corporate guarantee; 10% rent escalation after 2028