255-285 El Paso Ave Fresno, CA 93711

This exceptional investment opportunity presents a 110,218 square foot retail portfolio in Fresno, CA, anchored by Fashion Furniture and Lou Rodman's. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $1,629,295. Both tenants enjoy long-term, 15-year net leases with favorable 2.5% annual rent bumps, ensuring consistent income growth. The property is strategically located at 255-285 W El Paso Ave, 93711, directly adjacent to Sprouts and Ross, and across from Lowe's and Sam's Club, benefiting from high foot traffic and a strong retail environment. The area features multiple nearby shopping centers with major national anchors, including Costco, Target, Kohl's, Best Buy, Dick's Sporting Goods, Trader Joe's, and In-N-Out. The affluent demographics, with average household incomes exceeding $116,476 within a 3-mile radius, further enhance the investment's appeal. Fashion Furniture has a remarkable 65-year operating history at this location, while Lou Rodman's boasts 19 years. The asking price of $20,366,000 is priced below replacement cost at $184.78 per square foot, representing a compelling value proposition. This portfolio is available for sale as a whole, offering a secure and lucrative investment opportunity with significant upside potential. The property's prime location, strong tenant history, and favorable lease terms make it an ideal addition to any diversified investment portfolio.