7785 1St StFresno, CA 93720
- Retail properties
- 2,905 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].