7785 1st St Fresno, CA 93720-0962

Property Details for 7785 1st St

Year built

2011

Construction

WOOD

Lot size

0.75 lot acres

Property size

2,905 SF

Zone code

CC

Property type

Turn key restaurants

APN

303-430-04

APU

30343004

Description

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.