98 E Shaw Ave - Restaurant FOR SALE


Clovis, CA 93612- East Fresno
$5,310,000 USD
949-350-5431
98 E Shaw Ave, Clovis, CA for Sale
$5,310,000 USD
Restaurant - FOR SALE
1/6
null | 5.75% Cap Rate

98 E Shaw Ave
Clovis, CA 93612
East Fresno


HIGHLIGHTS

  • Nationally Recognized Operator: Leased to Applebee’s Under a Subsidiary of Flynn Restaurant Group, the Largest Franchisee Operator in the US
  • The Subject Property is Ranked in the Top 10% for Applebee’s Traffic in California and Nationwide, According to Placer.ai | Contact Agent for More Det
  • Excellent Store Sales – 2024 Sales Exceeded $4,000,000 with 2025 Tracking for Further Sales Growth

OVERVIEW

--Nationally Recognized Operator: Operated by a Subsidiary of Apple American Group (“AAG”), a Division of Flynn Restaurant Group | AAG is the Largest Applebee’s Franchisee With 440+ Locations and $1.3+ Billion in Annual Sales --The Subject Property is Ranked in the Top 10% for Applebee’s Traffic in California and Nationwide, According to Placer.ai | Contact Agent for More Details --Excellent Store Sales – 2024 Sales Exceeded $4,000,000 with 2025 Tracking for Further Sales Growth --Prime Retail Location with a Strong Operator-- -Very Low Rent to Sales Ratio of 7.2% | Percentage Rent Provides an Opportunity for Additional Upside Through Continued Sales Growth -Flynn Restaurant Group is the Nation’s Largest Franchisee Operator with Over 2,700 Locations, 75,000+ Employees, and Nearly $5 Billion in Annual Sales -200+ Feet of Frontage Along Shaw Avenue, a Major Retail Corridor with Traffic Counts Exceeding 45,000 Cars Per Day -Less Than One Block from Sierra Vista Mall, a 78-Acre, 690,000+ Square Foot Regional Mall with Major Anchors Including Target, Kohl’s, and K1 Speed -NNN Lease with Minimal Landlord Responsibilities | Ideal for Investors not Local to the Market --Strong Real Estate Fundamentals-- -Proximity to Several Major Retailers such as Costco, Target, PetSmart, Marshalls, Planet Fitness, Grocery Outlet, Lowe’s, Home Depot, and Many More -Outparcel to a CVS and Bowlero-Anchored Center, Creating Consistent and Complementary Daily Traffic Throughout the Afternoon and Evening -Excellent Demographics - Average Household Income Exceeds $102,000 Within 5 Miles | Dense, Infill Area with More Than 340,000 Residents Within Five Miles

FOR SALE DETAILS

PRICE

$5,310,000 USD

PRICE/SF

$759 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applebee's | Excellent Location & Operator

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C-2

APN/PARCEL ID

499-021-49

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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

Ron DuongMarcus & MillichapMore Info
949-350-5431

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