Building Details

Building Size 4,200 SF

Year Built 2000

Buildings 1

Stories 1

Listing Agency: Century 21 Select Real Estate

Listed By: Paramjeet Singh · License #01707389 Show Phone

Source: Elliman

Added: Oct 4 Last Checked: Oct 5 at 6:33PM

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Investment Insights

Based on property information with market context.

This single-story grocery and convenience store includes approximately 4,200 SF of building area on 1.76 acres, with about 130 feet of frontage and AC zoning. The property is offered with the operating business. Recent work includes a replacement front door, an updated walk-in cooler, repaired ceiling, new LED lighting, rear metal fencing with a sliding gate, a new concrete slab around the building, and a laminated cashier platform. A front patio and customer seating area provide space for meals and breaks. The market operates seven days a week and sells California Lottery products and beer and wine.

The site is on Elkhorn Main Rd with access to Hwy 41 and routes toward Caruthers and Riverdale. Foster Farms and several dairies are approximately 1–2 miles away.

Key Highlights

• Operating grocery and convenience business offered with the real estate
• 4,200± SF single‑story building on approximately 1.76 acres
• Approximately 130' of frontage; AC zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,164

Cap Rate

4.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,163,280 $1.2M

Cap Rate 7%

$830,914 $830.9K

Cap Rate 9%

$646,267 $646.3K

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$82.2K $19.56/SF

− Vacancy

−$4.6K −$1.10/SF

EGI

$77.6K $18.46/SF

− OpEx

−$19.4K −$4.62/SF

NOI

$58.2K $13.85/SF

Area

Fresno County, CA

Vacancy

5.60%

Lease Rate

$19.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,163,280

Cap Rate 7%

$830,914

Cap Rate 9%

$646,267

Alternative Uses

Best Use

Specialty Retail

$830.9K

$727.1K – $969.4K (±1% cap)

NOI $58,164 @ 7.0% cap · market cap 4.85%

Second Best

Retail

$775.5K

$678.6K – $904.8K (±1% cap)

NOI $54,286 @ 7.0% cap · market cap 4.53%

Theoretical Best

Office A

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,327 @ 7.0% cap · market cap 6.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Elkhorn Market Gas Station

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 93609, CA

5,694

Population

1,483

Households

3.8

Avg Household Size

32

Median Age

16%

College-Educated

71%

High-School Grad

61.0 sq mi

ZIP Area

93

Density / Sq Mi

$68,454

Median Household Income

$34,831

Median Earnings

$1,227

Median Rent

$263,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The sale combines an operating market with its commercial property.

Where is this grocery and convenience store located?

The property is located at 3126 W Elkhorn Ave Caruthers, CA.

What is the asking price?

The asking price for this property is $1,199,000.

What are key features of this property?

This property features: Operating grocery and convenience business offered with the real estate; 4,200± SF single‑story building on approximately 1.76 acres; Approximately 130' of frontage; AC zoning