5418-5422 N Blackstone Ave - Freestanding FOR SALE


Fresno, CA 93710- Hoover
$17,500,000 USD
559-650-1316
5418-5422 N Blackstone Ave, Fresno, CA for Sale
$17,500,000 USD
Freestanding - FOR SALE
1/12
null | 7% Cap Rate

5418-5422 N Blackstone Ave
Fresno, CA 93710
Hoover


HIGHLIGHTS

  • Priced Below Replacement Cost at $134/sf
  • FoodMaxx Sales Rank #1 of 17 Save Mart/FoodMaxx Stores in Fresno-Clovis
  • Value Add through Lease Up of Vacant former Drive-Thru Restaurant
  • Over 78% of the GLA is Occupied by National, Regional or Franchised Brands
  • Dense Infill Area with Over 382,000 People Within a 5-Mile Radius

OVERVIEW

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of the Blackstone-Barstow Center, a high-performing grocery anchored community shopping center located at the signalized high-traffic intersection of Blackstone and Barstow Avenues in Fresno, California. The center is comprised of ±130,769 square feet of commercial space situated on seven separate tax parcels totaling ±11.22 acres of land and is 97.4% leased to 8 tenants with over 78% of the GLA being occupied by national, regional or franchised tenants. The subject property is well-positioned on a stretch of North Blackstone Avenue that has a dense core of retail and commercial buildings. Neighboring tenants at or near the intersection include Target, Smart & Final, Burlington, Dollar Tree, AutoZone, Guitar Center, Chevron, McDonald’s, Taco Bell, Panda Express, and several national car dealerships and national hotel chains. This offering presents an investor with an opportunity to acquire a successful community shopping center located in one of California’s largest cities.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add Grocery Anchored Community Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Supermarket, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.22 AC

LAND SF

488,743 SF

ZONING

-

APN/PARCEL ID

418-450-07,418-450-08,418-450-13

ASK ABOUT THIS PROPERTY

Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

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Bryan CifranicCommercial Retail AssociatesMore Info
559-650-1316

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