1460 11Th Street

    Reedley, CA 93654
    • $310,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: 509513
    UPDATED: 53 min ago
    $310,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,263
      SQFT
    • $245
      $/SQFT
    Neighborhood:
    654
    Type:
    Commercial
    Built:
    1962
    County:
    Area:
    654

    School Ratings & Info

    Description

    Single-tenant NN leased freestanding Fosters Freeze Restaurant investment with long term tenant on a 10-year lease with consistent rent increases. Fosters Freeze has occupied the space since 1962 and just inked another corporate guaranteed lease extension through May 2026 with no termination clause. The lease rate is very conservative at only $1.45/SF/month, making this a very profitable location. The tenant just completed a $50K+ remodel in 2017, showing their commitment to the market and location. The vibrant downtown of Reedley attracts various quality tenants surrounding the location bringing great synergy for Fosters Freeze to flourish. Well known and established corner restaurant building in a highly traveled area off the Main and Main of Downtown Reedley. The freestanding building has a functional floor plan that tenant has made substantial improvements to. The deal is operated by a quality multi-unit family partnership/operator with a long history in fast food operations.

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    © 2019 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2019-02-23T06:47:00.393.
    www.fresyesrealty.com/homes/90588779

    1460 11Th Street Reedley, CA 93654

    • Price: $310,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 509513
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1,263
    SQFT
    $245
    $/SQFT
    1962
    Built
    Neighborhood:
    654
    County:
    Fresno
    Area:
    654
    Property Description
    Single-tenant NN leased freestanding Fosters Freeze Restaurant investment with long term tenant on a 10-year lease with consistent rent increases. Fosters Freeze has occupied the space since 1962 and just inked another corporate guaranteed lease extension through May 2026 with no termination clause. The lease rate is very conservative at only $1.45/SF/month, making this a very profitable location. The tenant just completed a $50K+ remodel in 2017, showing their commitment to the market and location. The vibrant downtown of Reedley attracts various quality tenants surrounding the location bringing great synergy for Fosters Freeze to flourish. Well known and established corner restaurant building in a highly traveled area off the Main and Main of Downtown Reedley. The freestanding building has a functional floor plan that tenant has made substantial improvements to. The deal is operated by a quality multi-unit family partnership/operator with a long history in fast food operations.
    Exterior Features

    Access City Street Parking 10 - 20 Spaces Roof MetalWoodOtherCorrugated Steel

    Interior Features

    Heating And Cooling Central Heat/Cool Office Sq Ft 0

    Property Features

    Available Date 1800-01-01 Cross Street Address E St Electric Master Meter Existing Loan Conventional Lease Type Net Lot Measurement Sqft Operating Expense 0.00 Operating Income 0.00 Owner Pays Taxes Potential Use Restaurant-Fast Food Property Subtype1 Other Reo Or Bank Owned No Restrooms 0 Sale Options Total Parcel Only Sales Includes Land & ImprovementsBuilding (S) Square Footage Source Tax Records Tenant Pays UtilitiesCommon AreaMaintenance FeesInsuranceParking AreaJanitorial Terms ConventionalCash Transaction Type Sale Water Sewer Gas City Water Zoning Cc

    Listing provided courtesy of Jennifer Martin of Keller Williams Fresno.


    © 2019 Fresno Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2019-02-23T06:47:00.393.
     
    Fresyes Realty
    7785 N. Palm Ave #108
    Fresno CA, 93711