7785 1st St Fresno, CA 93720-0962

This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased Taco Bell restaurant located at 7785 N First St, Fresno, CA 93720. The 2,493 square foot building, constructed in 1986 and renovated in 2011, sits on a 0.75-acre lot and boasts a 100% occupancy rate. The current lease with a credit-rated tenant extends to May 5, 2036, offering a remaining term of 11.5 years with 8% rent bumps every 5 years. Four 5-year lease options are included. The property generates a Net Operating Income (NOI) of $113,612, resulting in a 4.70% cap rate. This strategically located property benefits from its position at a major intersection in the Woodward Village shopping center, anchored by Smart & Final, and enjoys high visibility and traffic counts. The surrounding area features numerous national retailers within a one-mile radius, including Costco, Target, and Home Depot, as well as Kaiser Permanente Medical Center, top-rated schools, and various business parks. This Taco Bell consistently ranks in the top 10% of locations nationwide, making it a highly desirable investment. The property's strong financials, long-term lease, and prime location in a high-growth neighborhood combine to offer a compelling investment opportunity. The asking price is $2,417,279.