2590 S East Ave - Fast Food FOR SALE


Fresno, CA 93706- Edison
$2,900,000 USD
209-481-5438
2590 S East Ave, Fresno, CA for Sale
$2,900,000 USD
Fast Food - FOR SALE
1/8
null | 5% Cap Rate

2590 S East Ave
Fresno, CA 93706
Edison


OVERVIEW

2590 S East Ave is a single-tenant Carl’s Jr. fast-food property located at the northwest corner of Jensen Avenue and South East Avenue in Southeast Fresno, California. The freestanding building contains 3,540 SF on a 1.16-acre parcel and benefits from excellent visibility with frontage along both East and Jensen Avenues. The site is positioned near Highway 99, which carries over 120,000 vehicles per day, supporting strong drive-by exposure and consistent consumer traffic The property is offered as a sale-leaseback with Carl’s Jr. on a 15-year NNN lease, generating $145,000 in annual NOI. Lease terms include 10% rent increases every five years and three (3) additional 5-year renewal options, providing long-term income stability and built-in rent growth. The lease commences at close of escrow, eliminating downtime and near-term leasing risk. The asset is priced at $2,900,000, offering a passive investment with no landlord responsibilities. The surrounding trade area is supported by solid demographic fundamentals, including approximately 93,305 residents and 25,355 households within a 3-mile radius, with continued population and household growth projected through 2029. The area also benefits from strong daytime employment exceeding 74,000 employees within three miles, reinforcing demand for quick-service dining. With 0% vacancy at the subject property, the asset outperforms both the submarket and overall market averages, positioning this offering as a stable, long-term net-lease investment in the Fresno market

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$819 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carl's Jr.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,529 SF

ZONING

-

APN/PARCEL ID

479-310-23,479-310-24

ASK ABOUT THIS PROPERTY

Jacob FriedrichCoSoL Commercial Real EstateMore Info
209-481-5438

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Jacob FriedrichCoSoL Commercial Real EstateMore Info
209-481-5438

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