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8975 N Chestnut Avenue - Shepherd Ranch Shopping Center - Walgreen's, Fresno, CA

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8975 N Chestnut Avenue - Shepherd Ranch Shopping Center - Walgreen's

Fresno, CA 93720 - Woodward Ret Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2004
Building Size:13,534 SF Land Area:1.58 AC (68,825 SF)
For Sale Price:$6,240,000 Price/SF:$461.06
Cap Rate:5.00 %
Parking:Free Surface spaces are available; Ratio of 3.52/1,000 SF Anchor Tenants:Walgreens
Features:Signage, Drive Thru

Sale Notes:
The subject property is an absolute NNN leased Walgreens in Fresno, California. The property has 11 years remaining on the initial lease term which is corporately guaranteed by Walgreens. The lease calls for zero
landlord obligations. The tenant has eight 5 year options to renew. The property is located in a desirable Fresno neighborhood for residential and retail growth.. The asset is located on a major intersection and is co-anchored by big box food store, Food 4 Less.
Fresno, the county seat of Fresno County, is a city in the U.S. state of California. As of 2016, the city' s population was 520,000, making it the fifth-largest city in California, the largest inland city in California and the 34th-largest in the nation. Fresno is in the center of the San Joaquin Valley and is the largest city in the Central Valley, which contains the San Joaquin Valley. It is approximately 220 miles northwest of Los Angeles, 170 miles south of the state capital, Sacramento, or 185 miles south of San Francisco. The name Fresno means ash tree in Spanish, and an ash leaf is featured on the city' s flag.

SVN The Kase Group
Jacob Abusharkh
(925) 231-1770

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