2700-2784 W. Shaw Ave. Fresno, California

$6,731,000
For Sale
Property Type: Commercial

Property Details

  • Combined Building Size: 38,427± Leasable SF | 39,169± Gross SF + Cell Tower
  • Lot Size: 4.0± acres
  • Zoning: CMX (Corridor Center Mixed Use)
  • Year Built: 1983
  • APN: 415-052-49S (Fresno County)
  • Lease Term: July 1, 1980 - June 30, 2030
  • Options: Tenant has 2-10 year options to extend
  • Rent Increases: Every 3 years - CPI with 18% CAP. Next increase is scheduled for July 1, 2019
  • Purchase Price: $6,731,000
  • CAP Rate: 5.50%
  • Tenant: West Shaw Village Partners

Description

NNN Ground Lease Investment

The sale offering consists of a fee interest in the 4± acres of land on which the West Shaw Village Shopping Center is built. The land is subject to an Absolute Net Ground Lease to West Shaw Village partners which owns the improvements. The West Shaw Village Shopping Center, is located at the northeast corner of Shaw and Marks Avenues in Fresno, California 93711 on a heavily traveled signalized intersection. The West Shaw Retail Corridor stretches from approximately Golden State Boulevard to Marks Avenue and is home to over 1+ million square feet of retailers including Costco, Walmart, Target, Foods Co, United Artist Theater and Home Depot to name just a few.