3401 Fresno Ave Denair, CA 95316
- Commercial real estate
- 9,002 SF
- 1.69 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3401 Fresno Ave
- Year built
- 2015
- Lot size
- 1.69 lot acres
- Property size
- 9,002 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 9,002 square foot single-story retail building situated on a 1.69-acre lot in Denair, California's Central Valley. Currently leased to Dolgen California, LLC, under a triple-net (NNN) lease guaranteed by Dollar General, this property offers a secure and stable income stream. The 15-year lease, with six years remaining, provides an annual rent of $140,232. The tenant is responsible for all operating expenses, including taxes, insurance, and common area maintenance (CAM), encompassing roof, structure, and parking lot upkeep. This significantly reduces the owner's operational responsibilities. The lease includes three five-year renewal options, each with a 10% rent increase at the commencement of the option period, ensuring long-term value appreciation. The property boasts ample on-site parking with approximately 36 spaces, providing convenient access for customers. This well-maintained building presents a compelling investment opportunity with a strong tenant and a predictable cash flow, making it an attractive addition to any portfolio seeking stable, long-term returns in a thriving Central Valley location. The property's size and location make it an ideal investment for those seeking a low-maintenance, high-yield asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denair
- County
- Stanislaus
- State
- California
- Longitude
- -120.799
- Latitude
- 37.5236
