2615 Chestnut Ave Fresno, CA 93725-2113
For Sale
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This exceptional investment opportunity presents a single-tenant, free-standing retail building occupied by AutoZone, a Fortune 500 company. Located at 2615 S Chestnut Ave, Fresno, CA 93725, this 6,480 square foot building sits on a 61,855 square foot lot and boasts a prominent hard corner location with high visibility (approximately 24,000 vehicles per day). The property features a Net Lease (NNN) agreement with a corporate guarantee, offering significant security and minimal landlord responsibilities (landlord responsible for structural maintenance only). The current lease commenced March 1, 2021, and expires November 30, 2033, providing a remaining lease term of approximately nine years. The monthly rent is $12,500, generating a Net Operating Income (NOI) of $150,000, resulting in a 5.04% cap rate. The lease includes two five-year renewal options and a 10% rent increase every five years after December 1, 2028. Built in 2008, the property is zoned CM and benefits from a strong consumer base with approximately 88,000 residents and workers within a three-mile radius. Co-tenants in the immediate area include 7-Eleven, Dollar General, and Subway. The asking price is $2,975,000, translating to $459.10 per square foot. This is a rare opportunity to acquire a high-performing, investment-grade property with a strong tenant and significant upside potential. The property's APN is 481-140-25.
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AutoZone Auto Parts Auto Parts Store
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Carl's Jr Restaurant Take-out & Catering
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2615 S Chestnut Ave Building
Caretaker Residence IL,* HL* Colleges & Trade Schools, Public or Private O,* BP,* RBP,* IL, HL Community & Religious Assembly (less than 2,000 SF) O, BP, RBP, IL Community & Religious Assembly (more than 2,000 SF) O Community Garden O, BP, RBP, IL, HL Cultural Institutions | Day Care Centers O, BP, RBP Emergency Shelter RBP, IL Government Offices | Offices O…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
IL · Fresno, CACaretaker Residence IL,* HL* Colleges & Trade Schools, Public or Private O,* BP,* RBP,* IL, HL Community & Religious Assembly (less than 2,000 SF) O, BP, RBP, IL Community & Religious Assembly (more than 2,000 SF) O Community Garden O, BP, RBP, IL, HL Cultural Institutions | Day Care Centers O, BP, RBP Emergency Shelter RBP, IL Government Offices | Offices O, BP, RBP, IL, HL Clinics O, BP, RBP Instructional Services O, BP, RBP, IL, HL Parks & Recreation Facilities, Public | Parking, Public | Public Safety Facilities O, BP, RBP, IL, HL Schools, Public or Private O, BP, RBP, IL Aircraft Sales, Services, & Storage BP, RBP, IL, HL Animal Care, Sales, & Services BP, RBP, IL, HL Artists Studio | Live/Work | Hotels & Motels O, BP, RBP, IL Automobile/Vehicle Sales & Services O, BP, RBP, IL, HL Banks & Credit Unions O, BP, RBP, IL Business Services O, BP, RBP,* IL, HL Eating & Drinking Establishments O, BP, RBP, IL, HL Entertainment & Recreation IL, HL Food & Beverage Sales | Food Preparation BP,* RBP,* IL, HL Funeral Parlors & Internment Services BP, RBP, IL Maintenance & Repair Services BP, RBP, IL, HL Personal Services O, BP, RBP, IL Retail Sales O,* BP,* RBP,* IL,* HL* Construction & Material Yards | Custom Manufacturing | Limited & General Industrial BP,* RBP,* IL, HL Recycling Facility | Research & Development | Communication Facilities | Utilities, Minor O, BP, RBP, IL, HL Warehousing, Storage, & Distribution | Freight/Truck Terminals & Warehouses BP, RBP, IL, HL Agricultural Processing | Agricultural Support Services RBP, IL, HL Crop Cultivation | Sales/Feed Lot, Stockyard IL, HL T he purpose of the Employment (E) Districts is to designate adequate land for industrial, office, research & development, and flexible commercial uses to strengthen the city’s economic base and provide a range of employment opportunities for the current and future population of the city and region. These districts should provide for appropriate location of businesses that may have the potential to generate off-site impacts while also providing ad - equate buffers between employment centers and residential uses.
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.
