4895 Kings Canyon Rd Fresno, CA 93727

This exceptional investment opportunity presents a fee-simple, 26,948 square foot Big Lots convenience and grocery store located at 4895 E Kings Canyon Rd, Fresno, CA 93727. The property sits on an 116,152 square foot lot and boasts a 20-year absolute NNN lease with a 2% annual rent increase, ensuring consistent income growth. The current asking price is $3,519,723, representing a price per square foot of $130.61 and a 6.25% cap rate. The property enjoys 100% occupancy, generating a net operating income (NOI) of $219,983. Big Lots, a publicly traded company (NYSE: BIG), is a well-established and financially stable tenant. The lease structure shifts all operating expenses, insurance, and real estate taxes to the tenant, minimizing landlord responsibilities. The property benefits from a strong demographic profile, with a substantial population and high average household income within a five-mile radius. The large lot size presents potential for future value-add opportunities, such as pad development, subject to tenant approval. The property is offered free and clear of financing, allowing investors to leverage favorable debt markets. This offering is a compelling investment due to its strong tenant, secure lease terms, and potential for future appreciation.