For Sale
$2,900,000

2880 Jensen AveSanger, CA 93657

Brand new Chipotle, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 2,391 square foot free-standing building in Sanger, California. Constructed in 2024, this building features a drive-thru and is situated on a 0.57-acre lot at 2880 Jensen Ave, 93657, within Fresno County. The property boasts a 100% occupancy rate with a strong corporate tenant, Chipotle, under a 15-year net lease agreement. The lease includes a significant rent bump of 10% every five years, ensuring consistent income growth. The property generates a substantial net operating income (NOI) of $145,000, resulting in an attractive 5.00% cap rate. This location benefits from high traffic volume, exceeding 27,000 average daily traffic counts at the intersection of Jensen and Bethel Avenues. Its strategic placement near a high-performing Walmart Supercenter and other businesses, including a Starbucks (also available for sale) and an Oil Changers, further enhances its appeal and potential for long-term success. The asking price for this exceptional net lease investment is $2,900,000. This build-to-suit property offers a secure and lucrative investment opportunity with a prominent national tenant and a compelling financial profile.

Highlights

  • New 15-year corporate lease with 10% rent increases every five years.
  • Brand new 2024 build-to-suit construction featuring a drive-thru "Chipotlane".
  • Part of a new development including a Starbucks (also available for sale) and an oil change facility.
  • High-traffic location across from a top 15% performing Walmart nationally.
  • Exceptional visibility and access; over 27,000 ADT on Jensen & Bethel Avenues.

Property Details for 2880 Jensen Ave

Property type
Retail properties, Restaurants
Square Feet
2,391 SF
Year Built
2024
Lot Size (sq. ft)
24,829 SF

Location Insight

City
Sanger
County
Fresno
State
California
Latitude
36.706707629353
Longitude
-119.57720781867
2880 Jensen Ave, Sanger, California

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2880 Jensen Ave
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