4323-4343 North Blackstone Avenue
Property Type: Commercial
Total Building Size: 62,642± square feet (40,564± SF anchor and 22,078± SF shops)
Total Land Size: 5.51± acres
Year Built: 1988 and 1979
Construction Type: Masonry
APNs: 426-263-17 & 19, Fresno County
Zoning: CMX (Commercial Center/Mixed-Use)
Price per SF: $98 on grocery
Cap Rate: 7.1% on shop
Grand Continental Shopping Center is located along the heavily traveled Blackstone Avenue corridor between Gettysburg and Ashlan Avenues in Fresno, California. O’Reilly Auto Parts is in the center along with a good mix of retail shops tenants. The property is zoned CMX with offers flexibility for various uses. The recently remodeled Manchester Mall is located just south of the property.
The Grocery anchor is currently closed, which is a sublease with Vons. There is less than one year remaining on the master lease. The value of the space is being marked at less than $100 psf.