7785 1St StFresno, CA 93720

  • Retail properties
  • 2,905 SF
For Sale
$2,417,279 View listing

Property Details for 7785 1St St

Year built
2011
Construction
WOOD
Lot size
0.75 AC
Property size (Sq ft)
2,905 SF
Zone code
CC
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $937,279
    6.5%
    $865,180
    7%
    $803,382
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,076,434
    Geo Method
    $2,041,788
  • Alternative Use

    Use
    Valuation
    Residential
    $729,812
    Hospitality
    $668,504
    Educational
    $556,187
    Medical
    $575,315
    Retail
    $865,180
7785 1St St, Fresno, California

Location Insight

City
Fresno
County
Fresno
State
California
Latitude
36.8515
Longitude
-119.775
CBSA code
23420
CBSA name
FRESNO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,066
$603,395
$714,224
$1,317,619
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