285 El Paso Ave Fresno, CA 93711
- Retail properties
- 21,138 SF
- 1.67 lot acres
Current Use by Public Records
- Lou Rodman's Patio, Barstools, & Amish Emporium / Amish Furniture Store / Bar Stool Supplier
- DARAFEEV Dealer / Bar Stool Supplier / Furniture Store
Property Details for 285 El Paso Ave
- Lot size
- 1.67 lot acres
- Property size
- 21,138 SF
- Property type
- Retail properties
- Property subtype
- Freestanding property
Description
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.
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
- Fresno
- County
- Fresno
- State
- California
- Longitude
- -119.795
- Latitude
- 36.8448
