Smart & Final Grocery
For Sale
Contact for pricing
Pending
7733 N First Street, Fresno, CA 93720
Single-tenant net-leased retail property with nine years remaining on the lease term.
Property Size36,800 SF
Days on Market188
Property Features for 7733 N First Street
General Information
Standard status
Pending
Size
36,800 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$563,730
Building Details
Year Built
1983
Year Renovated
2021
Tenancy
Single
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 10
Changed: Oct 13
Last Checked: Oct 12 at 8:06PM
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 - Nashville
Investment Insights
Based on property information with market context.
This Fresno property is occupied by Smart & Final under a single-tenant net lease, with nine years remaining on the current term. The asset is located at 7733 N First Street in Fresno, California 93720 and is offered for sale.
Key Highlights
- Smart & Final is the occupying tenant
- Single‑tenant net‑leased structure
- Nine years remaining on the lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$402,574
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,051,480
$8.1M
Cap Rate 7%
$5,751,057
$5.8M
Cap Rate 9%
$4,473,044
$4.5M
Market Conditions
NOI Build-Up for 36,800 SF
Gross rent
$574.1K $15.60/SF
− Vacancy
−$37.3K −$1.01/SF
EGI
$536.8K $14.59/SF
− OpEx
−$134.2K −$3.65/SF
NOI
$402.6K $10.94/SF
Area
ZIP 93720
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,051,480
Cap Rate 7%
$5,751,057
Cap Rate 9%
$4,473,044
Alternative Uses
Best Use
Specialty Retail
$5.75M
$5.03M – $6.71M
NOI $402,574 @ 7.0% cap · market cap 4.46%
Second Best
Retail
$5.09M
$4.45M – $5.94M
NOI $356,261 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$7.59M
$6.64M – $8.85M
NOI $530,980 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
204k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 32%
Shops & Services 21%
McDonald's
Dining
42,354 visits/mo
0.1 miles
Save Mart
Groceries
37,238 visits/mo
0.1 miles
Smart & Final
Groceries
27,973 visits/mo
0.1 miles
ARCO
Shops & Services
24,498 visits/mo
0.3 miles
Taco Bell
Dining
23,473 visits/mo
0.0 miles
Demographics for 93720, CA
47,814
Population
19,738
Households
2.4
Avg Household Size
39
Median Age
47%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
4,598
Density / Sq Mi
$103,636
Median Household Income
$56,888
Median Earnings
$1,990
Median Rent
$457,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Shop-N-Go / Liquor — 7420 N Fresno St, Fresno, CA 93720
- Mesple’ Farms — 7443 N Millbrook Ave, Fresno, CA 93720
- Save Mart — 659 E Nees Ave, Fresno, CA 93720
- Glacier Water Refill — 659 E Nees Ave, Fresno, CA 93720
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant net-leased retail property with nine years remaining on the lease term.
Where is this grocery and convenience store located?
The property is located at 7733 N First Street Fresno, CA.
What is the asking price?
The asking price for this property is $9,019,680.
What are key features of this property?
This property features: Smart & Final is the occupying tenant; Single‑tenant net‑leased structure; Nine years remaining on the lease term
