285 El Paso Ave Fresno, CA 93711

This exceptional freestanding retail property in Fresno, CA, offers a compelling investment opportunity. The 21,138 square foot building sits on a 1.67-acre lot and is currently leased to Lou Rodman's under a 15-year NNN lease with 13 years remaining. The lease includes a favorable 2.5% annual rent increase, ensuring consistent income growth. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $350,996. Positioned in a prime retail location adjacent to Sprouts and Ross, and across from Lowe's and Sam's Club, this property benefits from high foot traffic and a dense concentration of national retailers. The surrounding area features affluent demographics, with average household incomes exceeding $116,476 within a 3-mile radius. Nearby shopping centers anchored by Costco, Target, Kohl's, Best Buy, Dick's Sporting Goods, Trader Joe's, and In-N-Out further enhance the property's desirability and potential for long-term value appreciation. The asking price of $4,387,000 represents a price below replacement cost at $207.54 per square foot. This is a rare opportunity to acquire a high-yield, low-risk investment in a thriving retail market. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio.