626 S Clovis Ave | Fresno, CA 93727
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- LoopNet Team
626 S Clovis Ave
Fresno, CA 93727
Retail Property For Sale
Investment Highlights
- Extremely attractive assumable debt (3.471% I/O, fixed for 9 years)
- Continuous operation at this site since 2001, with a new rare 15 year Absolute NNN lease with 5% rent increases every 5 years throughout the term
- Located in a densely populated area of Fresno with over 100,000 people in a 3-mile radius of the property and a population that has increased by more
- 5.71% initial Cash on Cash return, increasing to 6.67% at first rental increase
- The property is located at the hard corner of East Kings Canyon and S Clovis which sees over 35,000 vehicles per day.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,405 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.71 AC
Zoning
C2
Parking
68 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
210 ft on Clovis Ave
PROPERTY TAXES
| Parcel Number | 463-260-49 | Improvements Assessment | $3,298,128 |
| Land Assessment | $2,164,391 | Total Assessment | $5,462,519 |
PROPERTY TAXES
Parcel Number
463-260-49
Land Assessment
$2,164,391
Improvements Assessment
$3,298,128
Total Assessment
$5,462,519
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