2580 Elm Ave Fresno, CA 93706
- Retail properties
- 7,252 SF
- 0.73 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2580 Elm Ave
- Year built
- 2024
- Lot size
- 0.73 lot acres
- Property size
- 7,252 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed, 7,252 square foot O'Reilly Auto Parts storefront in Fresno, CA. The property boasts a 15-year NNN lease commencing February 1, 2025, with a credit-rated tenant. Situated on a 0.73-acre lot (APN 479-020-35) at 2580 S Elm Ave, Fresno, CA 93706, this single-tenant building enjoys 100% occupancy and a strong NOI of $179,000, representing a 5.80% cap rate. The asking price is $3,100,000 ($427.46/sq ft). Built in 2024, the property is zoned RMI and benefits from a highly visible location near major freeways (Freeway 41 and 99) and other established retailers. The tenant, O'Reilly Auto Parts, is an investment-grade company, providing a secure and stable investment in the California commercial real estate market. This is a rare opportunity to acquire a high-performing asset with a long-term lease and a strong tenant. The property's strategic location and the tenant's financial strength make this an attractive investment for discerning buyers.
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
- -119.791
- Latitude
- 36.7079
