1016 W Shaw Ave - Drug Store FOR SALE


Fresno, CA 93704- Hoover
$6,416,000 USD
559-650-1316
1016 W Shaw Ave, Fresno, CA for Sale
$6,416,000 USD
Drug Store - FOR SALE
1/12
null | 6% Cap Rate

1016 W Shaw Ave
Fresno, CA 93704
Hoover


HIGHLIGHTS

  • Ranked #1 Walgreen's within 100 miles with $32M in Credit Card Sales per CenterCheck
  • Absolute NNN Corporate Guaranteed Ground Lease | No Landlord Responsibilities
  • Rare Walgreens Lease with 10% Rent Increases Every 10-years
  • Hard Corner Free-Standing Prototype Construction with Drive-Thru Lane
  • Across from Whole Foods Anchored Fig Garden Village
  • High Traffic Volume Location | 72,350 ADT at Shaw and Palm Avenues

OVERVIEW

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this property that is ground leased to Walgreens, who constructed at their expense the site work and a ±15,435 square foot free-standing prototype building with drive-thru pharmacy lane located at the signalized corner of Shaw Avenue and Palm Avenue in Fresno, California. With over 72,350 average daily traffic at the intersection, the subject property has unobstructed visibility to busy Shaw and Palm Avenues and access points on both arterials. The strategic location of this property is within a dense and centralized 360-degree trade area of Fresno. This offering presents an investor with an opportunity to acquire an attractive pride-of-ownership, passive commercial property investment that is ground leased to a nationally recognized corporate guarantor, with a long-term lease commitment to the subject site.

FOR SALE DETAILS

PRICE

$6,416,000 USD

PRICE/SF

$412 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

#1 Walgreen's within 100 miles

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Fast Food, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

C3

APN/PARCEL ID

417-303-72

ASK ABOUT THIS PROPERTY

Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.