CoSol Commercial Real Estate is pleased to present the opportunity to acquire a single-tenant net-lease investment located at 6767 N First Street, Fresno, California. The property is offered at a purchase price of $2,100,000 and is subject to a 15-year NNN lease by the owner with scheduled 10% rent increases every five (5) years, providing long-term income stability and built-in rent growth. The lease includes three (3) additional five-year renewal options, further extending the potential duration of the income stream.
The investment is structured as a sale-leaseback, with lease commencement occurring at Close of Escrow, allowing the buyer to acquire the property with an established tenant in place from day one. The lease generates $105,000 in annual Net Operating Income, with landlord responsibilities minimized under the NNN lease structure. This offering presents investors with predictable cash flow, contractual rent escalations, and a long remaining lease term.
The property is improved with a ±4,124 square foot freestanding building situated on an approximately 0.55-acre parcel, supporting continued use as a single-tenant restaurant. Located along North First Street in Fresno, the site benefits from its positioning within an established commercial corridor serving surrounding residential and retail uses. The combination of long-term lease security, scheduled rent increases, and sale-leaseback structure makes this offering well-suited for investors seeking stable income with limited management obligations.