For Sale
$9,350,000

5674 Kings Canyon RdFresno, CA 93727

Fresno, CA: NNN Leased Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership (land and building) of a newly constructed (2024), 23,729 square foot Tractor Supply store in Fresno, CA. The property boasts a 20-year NNN lease commencing May 1, 2024, and expiring May 1, 2044, with four 5-year renewal options. The lease includes a corporate guarantee from Tractor Supply, a credit-worthy tenant (S&P: BBB rating), and features 5% rental increases every five years, providing built-in inflation protection and growing net operating income. The property sits on a 2.83-acre lot with 79 parking spaces and is zoned Commercial-Mixed Use (CMX). Located at 5674 E Kings Canyon Rd, Fresno, CA 93727, this strategically positioned retail space benefits from high visibility at a signalized intersection with a combined daily vehicle count exceeding 68,700. The property is part of a shopping center anchored by Vons, attracting over 932,000 annual visitors. Surrounding residential complexes and proximity to the large Fancher Creek Development (2.6 million+ square feet of commercial space and 740 residential units) further enhance the property's value and long-term growth potential. The 5-mile trade area boasts over 230,000 residents and 83,900 daytime employees, with an average household income of $93,573 within a 1-mile radius. The asking price is $9,350,000, representing a price per square foot of $394.03. This is a truly exceptional opportunity for a passive investor seeking a stable, high-growth investment with minimal landlord responsibilities. The property's APN is 474-030-54.

Highlights

  • Fee-simple ownership of a new (2024) 23,729 SF Tractor Supply store in Fresno, CA.
  • 20-year NNN lease with four 5-year options, commencing May 1, 2024; 5% rental increases every five years; corporate guarantee from Tractor Supply (S&P: BBB).
  • Located in a high-traffic area with over 68,700 VPD at a signalized intersection; adjacent to a Vons-anchored shopping center with over 932,000 annual visitors.
  • Strong demographics: over 230,000 residents and 83,900 daytime employees within a 5-mile radius; average household income of $93,573 within 1 mile.
  • Situated on a 2.83-acre lot with 79 parking spaces; near a 2.6M+ SF mixed-use development with 740 residential units.
  • Asking price: $9,350,000 ($394.03/SF).

Property Details for 5674 Kings Canyon Rd

Property type
Retail properties, Retail space
Square Feet
23,729 SF
Year Built
2024
Lot Size (sq. ft)
123,275 SF

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.7358739
Longitude
-119.6967933
5674 Kings Canyon Rd, Fresno, California

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5674 Kings Canyon Rd
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