7785 1St StFresno, CA 93720

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

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.

• 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

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