2580 Elm Ave Fresno, CA 93706
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.