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Hoover Marketplace Shopping Center

5702-5730 N First St, Fresno, CA

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For Sale

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Well-maintained shopping center with value-add potential and strong occupancy.

Type:RETAIL

Property size:

38,090 SF

Lot size:

10.50 Acres

Price / SF:

$252/SF

HighLights

High traffic location with 31,822 ADT on E Bullard Ave.
Strong historical occupancy with long‑term tenants.
Excellent freeway access to CA Hwy‑41 and CA Hwy‑168.
Significant value‑add potential through leasing vacant units.
Anchored by Save Mart (NAP) in a well‑maintained shopping center.
Roofs recently replaced.

We can help!

Listing Contact

Joshua Ballesteros

Learn more

For Sale

Contact for pricing

Well-maintained shopping center with value-add potential and strong occupancy.

Type:RETAIL

Property size:

38,090 SF

Lot size:

10.50 Acres

Price / SF:

$252/SF

Added:: Aug 8, 2025
Days on Market:: 307
Last Refresh:: May 20 at 9:27 pm

Property Features for 5702-5730 N First St

General Information

Standard status: Active
Size: 38,090 SF
Lot size: 10.50 Acres
Property subtype: RETAIL

Properties For Sale

at 5702-5730 N First St Contact us

We can help!

Listing Contact

Joshua Ballesteros

Listing agent Joshua Ballesteros License #02010271

Listing office NAI Northern California

Listing date Aug 8, 2025

Source Moodyscre

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 NAI Northern California

HighLights

High traffic location with 31,822 ADT on E Bullard Ave.
Strong historical occupancy with long‑term tenants.
Excellent freeway access to CA Hwy‑41 and CA Hwy‑168.
Significant value‑add potential through leasing vacant units.
Anchored by Save Mart (NAP) in a well‑maintained shopping center.
Roofs recently replaced.

Overview

The Hoover Marketplace is a well-maintained community shopping center. The corner lot includes a newly built Ride N' Shine car wash, which brings additional traffic to the center. The property offers significant value-add potential through the leasing of remaining vacant units. All tenants operate under NNN leases. The roofs were recently replaced within the last few years. The property benefits from excellent freeway access, with CA Hwy-41 located 0.06 miles to the west along E Bullard Ave and CA Hwy-168 to the east via E Bullard Ave. The shopping center has a strong historical occupancy, with many tenants in place since the early 2010s, 2000s, and even the late 90s. It is surrounded by high-end professional and medical offices, schools, and numerous residential subdivisions and apartments. The traffic count is 31,822 ADT on E Bullard Ave directly in front of this property. The property consists of 3 buildings and 3 parcels in total. It is in close proximity to Fresno State University, which is both an NCAA Division I school and one of the largest public universities in the California State University System. The property size is 38090 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$731.3k	$19.20
− Vacancy	−$43.9k	−$1.15
EGI	$687.4k	$18.05
− OpEx	−$171.9k	−$4.51
NOI	$515.6k	$13.54

38,090 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$7.37M

$6.44M – $8.59M (±1% cap)

NOI $515,586 @ 7.0% cap · market cap 5.37%

Second Best

Retail

$6.38M

$5.58M – $7.44M (±1% cap)

NOI $446,339 @ 7.0% cap · market cap 4.65%

Theoretical Best

Office A

$11.22M

$9.82M – $13.10M (±1% cap)

NOI $785,721 @ 7.0% cap · market cap 8.18%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

Location Insight

Map
Local Demand

City: Fresno
County: Fresno
State: California
Longitude: -119.772
Latitude: 36.8214

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For sale
Strip malls
CA
Fresno
5702-5730 N First St

What type of property is this?

Strip mall - Well-maintained shopping center with value-add potential and strong occupancy.

Where is this strip mall located?

The property is located at 5702-5730 N First St Fresno, CA.

What is the asking price?

The asking price for this property is $9,600,000.

What are key features of this property?

This property features: High traffic location with 31,822 ADT on E Bullard Ave.; Strong historical occupancy with long‑term tenants.; Excellent freeway access to CA Hwy‑41 and CA Hwy‑168.

5702-5730 N First St, Fresno, CA

Well-maintained shopping center with value-add potential and strong occupancy.

Property Features for 5702-5730 N First St

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Storefront Property

Mixed-Use Bar and Office Building

Sorority House Near Bulldog Stadium

Office Building For Sale

Automotive Service Retail Building

Fresno Commercial Property For Sale

Fresno Commercial Property For Sale

Fresno Income-Producing Fourplex

Office Building for Sale

Industrial Warehouse for Sale

Fresno Multifamily Value-Add Opportunity

Fresno Fourplex Investment Opportunity

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