High Exposure Freestanding Retail Building off CA-99 Listing Details & Market Data

Located directly off CA-99 in Fresno, CA just south of Shaw Ave, west of Quality Inn & Suites, east of Polk Ave, & north of Fairmont Ave. Strategically positioned just off Freeway 99 in Fresno, California, this convenience store enjoys a prime location catering to both local residents and travelers. Its proximity to the freeway ensures easy access for commuters, making it a convenient pit stop for snacks and everyday essentials. Situated amidst a dynamic urban landscape, this store provides a welcoming and accessible option for those seeking quick and efficient services along their journey or within the local community.Suite H 75’ x 34’ Wide open space Accessed by three separate entrance doors with a rear storage room, 3 restrooms, and a rear private office 100% Leased Investment Opportunity: ±3,264 SF freestanding building on ±0.26 Acres (±11,514 SF) of General, Professional, and/or Medical space off Blackstone on Shields Ave. Offers (5) economical separately metered spaces leased to long-term tenants on AIR lease forms. Value-add opportunity with actual rents of $34,974.31/year collected plus upside through rent increases. After Suite #A and #B’s under-market rates are addressed and the built-in rental increases are experienced, the realistic 12-18 month stabilized gross annual income is $40,260 (15.12% upside). Unique investment offering easy-to-rent small office spaces within an under-built market (replacement value of $546K) with a strong need for these type of spaces. Once stabilized, the deal offers a 11.75% cash-on-cash return when leveraged with 30% down (1.76 DCR). Features a functional floor plan that each tenant has made substantial tenant improvements to. Multiple configurations ranging from 493 SF up to 816 SF with the ability to combine spaces to create larger units. Clean office spaces with fresh paint, new hard-surface flooring, and move-in ready spaces! Each unit has access to high speed Internet, separate meters, access to clean restrooms, private entrances (w/ secured entry gate), 20+ outdoor LED lights during the night hours, and consists of demising walls (can be combined). Brand new asphalt slurry coat, HVAC's and roof are less than 10 years old, full LED exterior lit private parking (plus street), excellent corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps.Owners desire to retire! Prime existing well-established former convenience/liquor store located on a corner lot just off CA-99 & Shaw Ave with endless opportunities & great potential! This store features a current convenience store build out with a well-organized layout, offering a diverse range of products, including snacks, beverages, groceries, & everyday essentials. This deal offers the ability to build out any retail use per tenants request. With the ideal location & easy access this business has become a go-to destination for the local community, providing a convenient & welcoming shopping experience for residents & passerby alike. Daytime population of nearly ±50,541 people within 2 miles of the subject property and located in close proximity to the very popular Island Water Park.