7751 N First St

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7751 N First St

Fresno, CA 93720
Asking Price
$9.40M
Cap Rate
6%
Asset Type
Grocery Store Retail
Class
Class B

What's Special

Retail | 6.00% CAP | 36,800 SqFt <ul><li>​Original 20-Year Lease with Over 15-Years Remaining</li><li>​Single tenant Smart & Final located in a prominent shopping center at the corner of N. First Street & E Nees Ave in Northern Fresno</li><li>​Triple Net Lease with minimal Landlord management responsibilities (see Lease Abstract page)</li><li>​7.5% Rent Increases Every 5-Years & 10% Rent Increases at each option</li><li>​The lease offers attractive predetermined rent increases of 7.5% every 5-years</li><li>​There are 10% rent i

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NOI
$80,000
Cap Rate
0.85%
DSCR
0.14
Underwater
Cash-on-Cash
-16.95%
Monthly Payment
$46,483.808
Annual Cash Flow
$-477,805.692

Location & Travel Times