About This Restaurant
Investment Highlights
New 10-Year Lease Extension | Investment Grade Tenant S&P Rated BBB 10% Rent Increases Every 5-Years | Top 13% Store Nationwide per Placer.ai Build-to-Suit Prototype Construction | Outparcel to Retail Shopping Center High Traffic Volume Location | Over 19,000 ADT @ Manning and Newmark Avenues
Executive Summary
Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this ?7,370 square foot free-standing pad building leased to AutoZone and located just off the hard corner of Manning and Newmark Avenues in Parlier, California (Fresno MSA). The subject property is well positioned directly along Manning Avenue, a strategic thoroughfare connecting the City of Parlier to State Highway 99 to the west and to the east the City of Reedley, other surrounding communities, and recreational landmarks in the Sequoia National Park. This offering presents an investor with an opportunity to acquire an attractive, well-constructed property that is leased to a corporate, investment grade tenant with a long-term lease commitment to the site.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Auto Repair Auto Repair General Retail Fast Food General Retail Freestanding General Retail Restaurant Auto Repair
- Building Size 7,370
- Building Class B
- Year Built 2007
- Price 3,049,000
- Price Per SF 414
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.21
- Land Acres 0.80 AC
Property Taxes
| Parcel Number | 355-041-30 | Improvements Assessment | $169,170 |
| Land Assessment | $1,138,732 | Total Assessment | $1,307,902 |
| Date Created: | 2024-07-16 04:09:23 | Last Updated: | 2024-07-16 04:09:23 |
| Address: | 865 E Manning Ave , Parlier, California, 93648 | ||