Retail Investment for Sale

Transcription

1 highlights Well Maintained Neighborhood Center Many National & Regional Tenants 88% Occupied High Traffic Intersection Additional Buildable Land Available Co-tenants Include: For Additional Information Please Contact: Craig Holdener Vice President - Retail Division choldener@pearsonrealty.com DRE # Troy A. McKenney Senior Vice President - Investment Division tmckenney@pearsonrealty.com DRE # N. Figarden Drive - Fresno, California

2 N. Figarden Drive - Fresno, CA PROPERTY INFORMATION Anchored by Orchard Supply Hardware, the well maintained Figarden New Town Shopping Center features a solid mix of both national and local tenants including O Reilly Auto Parts, Carl s Jr., Pizza Hut, Club Cleaners, Subway, and many others. The center has great access with multiple driveways off of Figarden and Bullard. PROPERTY INFORMATION Address: N. Figarden Drive Fresno, CA Total Leasable Building Size: 10,240± SF Total Land Size: 0.79± acres Zoning: CC (Commercial Community) APNs: S, Fresno County S, Fresno County Vacancy: Purchase Price: $2,875,000 Cap Rate: 6.75% Year Built: 1996

3 Shopping Center site plan Entire Shopping Center Suite Tenant 6015 Pizza Hut 6023 Mann s Liquor 6027 Club Cleaners PIZZA HUT 2,298± SF MANN S LIQUOR 1,200± SF CLUB CLEANERS 1,600± SF SUBWAY Supreme iphone Repairs H&R BLOCK 1,048± SF SOLIDIFIED BARBERSHOP 1,536± SF 49,273± SF (NAP) SUBJECT LESLIE S NAILS 980± SF HAIR ZONE CIGARETTE STOP 6071 T&D DONUTS 960± SF POSTAL ANNEX 1,600± SF CHINA KITCHEN 1,024± SF LOS GALLOS 1,536± SF POKE RESTAURANT 1,200± SF ,320± SF ± SF HOBBY STORE 1,551± SF 6,379± SF Buildable Area: Add l GLA of ±10,000 SF Subway Supreme iphone Repair H&R Block Solidified Barbeshop Leslie Nails 6063 Hair Zone 6067 Cigarette Stop 6071 Available 6075 T&D Donuts (NAP) RESTAURANT 1,800± SF ,800± SF (unbuilt) Postal Annex China Kitchen Los Gallos 6095 Restaurant 6097 Available 6103 Poki Stop 6105 Available *Not to Scale Available Hobby Store 6117 O Reilly Auto Parts

4 Retail Investment for Sale N. Figarden Drive - Fresno, CA D E M O G R A P HIC S FIGARDEN DRIVE POPULATION: 2015 Est. Population: 2020 Est. Population: 1-MILE 2-MILE 3-MILE 21,352 57, ,437 22,506 61, ,508 HOUSEHOLD INCOME: 1-MILE 2-MILE 3-MILE $71,646 $76,779 $74,460 TRAFFIC COUNTS Figarden Drive: Bullard Avenue: 3-mile 35,421± ADT 11,553± ADT UE BULLARD AVEN FI O L D E N S T A T E B LV A R D EN D R IV 2015 Average: (Source: AnySite) E D BRAWLEY AVENUE G G 99 Source: City of Fresno (with a 3% multiplier) SHAW AVENUE For Additional Information Please Contact: Craig Holdener Vice President - Retail Division choldener@pearsonrealty.com DRE # Troy A. McKenney Senior Vice President - Investment Division tmckenney@pearsonrealty.com DRE #

5 W. Bullard Retail Investment for Sale N. Figarden Drive LOCATION DESCRIPTION Figarden New Town Shopping Center is located at the NWC of the signalized intersection of Bullard Avenue and Figarden Drive in Fresno, CA. This area of Northwest Fresno offers strong demographics in a newer established neighborhood.

6 N. Figarden Drive - Fresno, CA

7 Tenants & Neighbors Pizza Hut is an American restaurant chain and international franchise founded in 1958 by Dan and Frank Carney. The company is known for its Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts. Pizza Hut has more than 16,000 restaurants and 350,00 team members in more than 100 countries, making it the world s largest pizza chain in terms of locations. PostalAnnex (not a part) is one of eight brands owned by Annex Brands, Inc. The others are: Pak Mail, AIM Mail Center, Navis Pack & Ship, Handle With Care Packaging Store, Parcel Plus, Sunshine Pack & Ship, and Annex Copy. Started in 1985 by Jack Lentz as Postal Annex, Inc., Annex Brands has become the nation s largest multi-carrier shipping franchise with over 650 locations throughout the U.S. and Canada. Subway is an American privately held fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. Subway is one of the fastest-growing franchises in the world and, as of June 2017, had approximately 45,000 stores located in more than 100 countries. More than half of the stores are located in the United States. It is the largest singlebrand restaurant chain and the largest restaurant operator in the world. H&R Block is an American tax preparation company operating in North America, Australia, and India. The company was founded in 1955 by brothers Henry W. Bloch and Richard Bloch. As of 2018, H&R Block operates approximately 12,000 retail tax offices staffed by tax professionals worldwide. The Kansas City-based company also offers payroll, and business consulting services. Carl s Jr. Restaurants LLC (not a part) is a fast food restaurant chain operated by CKE Restaurant Holdings, Inc., with franchises in the United States and Canada. CKE (the parent company of Carl s Jr. and Hardee s has over 3,500 franchised or company-operated restaurants in 44 states and 38 foreign countries and U.S. territories. O Reilly Auto (not a part) is an American auto parts retailer that provides automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States serving both the professional service providers and doit-yourself customers. Founded in 1957 by the O Reilly family, the company operates more than 5,000 stores in 47 states. Club Cleaners boasts six independently owned locations throughout Fresno and Clovis area providing exceptional dry cleaning service. Orchard Supply Hardware (not a part) is an American retailer of home improvement and gardening products. Headquartered in San Jose, California, Orchard Supply Hardware has more than 98 stores located throughout California, Oregon and Florida.

8 N. Figarden Drive - Fresno, CA Parcel Map

9 County of Fresno: Producing 250 different crops in rich, fertile soils, the San Joaquin Valley is known as the fruit basket of the world. The area has a high quality of life with urban amenities while also being proximate to recreational opportunities, primarily in the Sierra Nevadas, where people hike, ski, rock climb and participate at water sports in one of the three nearby National Parks (Yosemite, Sequoia, Kings Canyon) or national forests. Fresno County is centered in the San Joaquin Valley, in the heart of California who is the world s 6 th largest economy. As of the 2010 census, the population was 930,450. Centered between northern and southern California s major markets, Fresno County is considered one of the most cost-effective, accessible regions in the state. City of Fresno: Fresno is home to just over half-a-million people, making it the 5 th largest city in California and the 34 th largest in the nation. Centrally located in California, Fresno is the financial, industrial, trade, and commercial capital in the central San Joaquin Valley. From retail to industrial, Fresno is an expanding market providing suitable resources for new and expanding business s needs. Fresno is served by the Fresno-Yosemite International Airport and is approximately 150 miles southeast of Silicon Valley, 170 miles south of the state capital - Sacramento, 200 miles north of Los Angeles. The city is also home to several universities, such as California State University Fresno, University of Phoenix, National University, and Fresno Pacific University. This dynamic city is rich in heritage, resources, and people, offering the best of urban amenities and opportunities with the unique charms and easy living of a small town. Area Overview