Grocery-Anchored Community Shopping
5422 North Blackstone Avenue, Fresno, CA 93710
For Sale
Contact for pricing
Pending
Grocery-anchored center at a signalized intersection with high lease occupancy and a strong mix of national and franchised tenants.
Property Size130,769 SF
Lot Size11.22 Acres
Days on Market145
Property Features for 5422 North Blackstone Avenue
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Investment Type
Site & Location
Neighborhood
Building Details
Tenancy
Listing Agency:
Commercial Retail Associates
Listed By:
Bryan Cifranic · License CA #01809130
(559) 650-1316
Source:
Crexi
Added: Jun 18
Changed: Oct 30
Last Checked: Nov 8 at 6:49AM
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 Commercial Retail Associates
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Investment Insights
Based on property information with market context.
Blackstone-Barstow Center is a grocery anchored community shopping center totaling 130,769 square feet of commercial space across seven separate tax parcels on 11.22 acres. The property is 97.4% leased to eight tenants, with more than 78% of the GLA occupied by national, regional, or franchised retailers.
The center is positioned at a signalized, high-traffic intersection on North Blackstone Avenue in Fresno, California, at the corner of Blackstone and Barstow Avenues. The immediate retail corridor includes retailers and restaurants such as Target, Smart & Final, Burlington, Dollar Tree, AutoZone, Guitar Center, Chevron, McDonald’s, Taco Bell, and Panda Express, along with several national car dealerships and national hotel chains.
For investors seeking a grocery-anchored retail asset with established tenancy, Blackstone-Barstow Center offers a diversified community shopping-center lineup concentrated among recognizable operators. Its location within a dense North Blackstone retail and commercial cluster supports steady everyday shopper access, while the current lease profile provides a practical basis for ownership and ongoing management.
The center is positioned at a signalized, high-traffic intersection on North Blackstone Avenue in Fresno, California, at the corner of Blackstone and Barstow Avenues. The immediate retail corridor includes retailers and restaurants such as Target, Smart & Final, Burlington, Dollar Tree, AutoZone, Guitar Center, Chevron, McDonald’s, Taco Bell, and Panda Express, along with several national car dealerships and national hotel chains.
For investors seeking a grocery-anchored retail asset with established tenancy, Blackstone-Barstow Center offers a diversified community shopping-center lineup concentrated among recognizable operators. Its location within a dense North Blackstone retail and commercial cluster supports steady everyday shopper access, while the current lease profile provides a practical basis for ownership and ongoing management.
Key Highlights
- Grocery‑anchored community shopping center at the signalized intersection of Blackstone and Barstow Avenues in Fresno, CA
- ±130,769 SF of commercial space across seven separate tax parcels on ±11.22 acres
- 97.4% leased to 8 tenants, with over 78% of GLA occupied by national, regional, or franchised tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,532,351
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,647,020
$30.6M
Cap Rate 7%
$21,890,729
$21.9M
Cap Rate 9%
$17,026,122
$17.0M
Market Conditions
NOI Build-Up for 130,769 SF
Gross rent
$2.35M $18.00/SF
− Vacancy
−$164.8K −$1.26/SF
EGI
$2.19M $16.74/SF
− OpEx
−$656.7K −$5.02/SF
NOI
$1.53M $11.72/SF
Area
Fresno, CA
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,647,020
Cap Rate 7%
$21,890,729
Cap Rate 9%
$17,026,122
Alternative Uses
Best Use
Retail
$21.89M
$19.15M – $25.54M
NOI $1,532,351 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$38.54M
$33.72M – $44.96M
NOI $2,697,503 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
476k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Shops & Services 24%
Superstores 23%
Groceries 15%
Target
Superstores
108,237 visits/mo
0.3 miles
McDonald's
Dining
43,223 visits/mo
0.2 miles
FoodMaxx
Groceries
42,067 visits/mo
0.1 miles
Burlington
Apparel
38,309 visits/mo
0.2 miles
Smart & Final
Groceries
28,125 visits/mo
0.3 miles
Demographics for 93710, CA
30,552
Population
12,581
Households
2.4
Avg Household Size
32
Median Age
30%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
4,928
Density / Sq Mi
$62,294
Median Household Income
$32,232
Median Earnings
$1,337
Median Rent
$348,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Shaw City Shopping Center — Fresno, CA 93704
- Sweets 4 Treats — 535 E Shaw Ave, Fresno, CA 93726
- Cozy Fox — 705 E Shaw Ave, Fresno, CA 93710
- Natures Balance — 645 E Shaw Ave, Fresno, CA 93710
- Gallery Plaza — 5091 N Fresno St, Fresno, CA 93710
Frequently Asked Questions
What type of property is this?
Shopping center - Grocery-anchored center at a signalized intersection with high lease occupancy and a strong mix of national and franchised tenants.
Where is this shopping center located?
The property is located at 5422 North Blackstone Avenue Fresno, CA.
What is the asking price?
The asking price for this property is $17,500,000.
What are key features of this property?
This property features: Grocery‑anchored community shopping center at the signalized intersection of Blackstone and Barstow Avenues in Fresno, CA; ±130,769 SF of commercial space across seven separate tax parcels on ±11.22 acres; 97.4% leased to 8 tenants, with over 78% of GLA occupied by national, regional, or franchised tenants
