West Shaw Village 2700-2784 W. Shaw Avenue - Fresno, California PRICE REDUCED! highlights Ground Leased NNN Investment Zero Landlord Responsibilities Excellent Demographics Heavily Traveled Retail Corridor For Additional Information Please Contact: Troy A. McKenney Senior Vice President - Investment Division 559.447.6277 tmckenney@pearsonrealty.com DRE #00952671
2700-2784 W. Shaw Avenue - Fresno, Ca Property Information The sale offering consists of a fee interest in the 4± acres of land on which the West Shaw Village Shopping Center is built. The land is subject to an Absolute Net Ground Lease to West Shaw Village partners which owns the improvements. The West Shaw Village Shopping Center, is located at the northeast corner of Shaw and Marks Avenues in Fresno, California 93711 on a heavily traveled signalized intersection. The West Shaw Retail Corridor stretches from approximately Golden State Boulevard to Marks Avenue and is home to over 1+ million square feet of retailers including Costco, Walmart, Target, Foods Co, United Artist Theater and Home Depot to name just a few. Combined Building Size: 38,427± Leasable SF 39,169± Gross SF + Cell Tower Lot Size: 4.0± acres Zoning: CMX (Corridor Center Mixed Use) Year Built: 1983 APN: 415-052-49S (Fresno County) Lease Term: July 1, 1980 - June 30, 2030 Options: Tenant has 2-10 year options to extend Rent Increases: Every 3 years - CPI with 18% CAP. Next increase is scheduled for January 1, 2020 Purchase Price: $6,731,000.00 $5,950,000.00 CAP Rate: 6.22% Tenant: West Shaw Village Partners location Information West Shaw Village is a multi-tenant retail neighborhood center with a good tenant mix of both local and regional tenants in 4 separate buildings. There is access to the property traveling westbound on Shaw Avenue, and from both north and south bound on Marks Avenue. N. Marks avenue W. Shaw avenue
West Shaw Village N. M ar k s avenue Site Aerial 4 3 2 1 W. S haw avenue 1 2700 W. Shaw Ave. (Restaurant Pad) 6,010± SF 3 2780-2784 W. Shaw Ave. (Corner Pad) 6,051± SF 2 2710-2722 W. Shaw Ave. (Middle Pad) 5,341± SF 4 2730-2760 W. Shaw Ave. (Strip Building) 21,025± SF VISALIA OFFICE 3447 S Demaree St, Visalia CA 93277 559.732.7300 www.newmarkpearson.com
2700-2784 W. Shaw Avenue - Fresno, Ca building summary 2700 W. Shaw Ave. (Restaurant Pad) Building Size: 6,010± SF Tenant(s) Culichi Town Restaurant 2710-2722 W. Shaw Ave. (Middle Pad) Building Size: 5,341± SF Tenant(s) All State Insurance Check n Go Foster s Donuts Eyebrow Threading Management Office AT&T Wireless Cell Tower 2780-2784 W. Shaw Ave. (Corner Pad) Building Size: 6,051± SF Tenant(s) T-Mobile Uncle Harry s New York Bagelry 2730-2760 W. Shaw Ave. (Strip Building) Building Size: Tenant(s) Jazzy D Studios Pete s Teriyaki Golden Health Spa Ewell s Place SHILA Korean BBQ 21,025± SF
West Shaw Village fresno county assessor S parcel map apn: 415-052-49s
2700-2784 W. Shaw Avenue - Fresno, Ca N. F eland A ve N. M art y A ve N. V alentine A ve Aerial Map N. M ar k s A ve W. S haw A ve Demographics 1 MILE 2 MILES 3 MILES Population Estimated 2015 Population Projection 2020 Average HH Income 2015 18,957 19,700 $58,544 60,820 66,680 $62,482 76,781 147,539 $65,091 Source: AnySite 2018 Traffic Volume W. Shaw Avenue (west of N. Marks Ave): 39,029 ADT N. Marks Avenue (south of W. Shaw Ave): 19,990ADT VISALIA OFFICE 3447 S Demaree St, Visalia CA 93277 559.732.7300 www.newmarkpearson.com
West Shaw Village Fresno Area Information 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 world s 7th largest economy, the San Joaquin Valley. As of the 2010 census, the population was 930,450. Fresno County is also home to California s 5th largest city, Fresno. It is located between California s major markets, and considered one of the most cost-effective, accessible regions in California. From light manufacturing to large heavy industrial to warehouse and distribution, Fresno County has an expanding industrial market with additional land suitable for all business needs that provides access to major highways, rail, and flexibility for future expansion. Fresno County is home to several universities, such as California State University - Fresno, University of Phoenix, National University, Fresno Pacific University, State Center Community District, West Hills Community College District, as well as an abundance of trade and technology institutions, providing companies with highly-skilled and well-prepared graduates.
2700-2784 W. Shaw Avenue - Fresno, Ca I-5 CALIFORNIA 99 For Additional Information Please Contact: Troy A. McKenney Senior Vice President - Investment Division 559.447.6277 tmckenney@pearsonrealty.com DRE #00952671 80 SACRAMENTO Stockton Oakland San Francisco Modesto San Jose 101 I-5 Merced Madera Fresno Hanford Lemoore Coalinga Selma Visalia Tulare 99 Bakersfield I-5 15 40 San Bernardino Los Angeles Riverside 10 Major National Highway Regional Connecting Freeway (labeled) (unlabeled) San Diego 8