www.retailcalifornia.com
• BELOW MARKET RENTS• 6-TENANT NET LEASED INVESTMENT• HIGH TRAFFIC & HIGH VISIBILTY LOCATION• LOCATED ADJACENT TO CLOVIS CROSSINGS SHOPPING CENTER
435 N. Clovis Avenue · NEQ Herndon & Clovis Avenues · Fresno, CA 93611
BLACKHORSE CENTERMULTI-TENANT PAD · 100% NET LEASED INVESTMENT SALE
BLACKHORSE CENTER PROXIMITY · HERNDON & CLOVIS AVENUES · CLOVIS, CA
NET LEASED INVESTMENT SALE | 2
435 N. CLOVIS AVE. OFFERING LOCATION · CLOVIS CROSSINGS SITE PLAN
This information has been scured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any innacuracies.
NET LEASED INVESTMENT SALE | 3
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The subject net leased investment offering at 435 N. Clovis is located within Black Horse Center at the northeast quadrant of Herndon and Clovis avenues, adjacent to Clovis Crossings power center. Clovis Avenue street access and monument signage are shared between both centers with immediate connection to either development. The property is positioned less than a sixteenth of a mile from Freeway 168 on/off-ramps on Herndon. The intersection is one of Clovis’ most highly trafficked crossroads with an average traffic volume of 49,596± cars per day.*
PRICE: $2,809,404CAP RATE: 6.0%
RENTABLE SF: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,568± SFPRICE PER SF: . . . . . . . . . . . . . . . . . . . . . . . . . . . . $327.89 per SFLAND AREA: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.87± acresAVG RENT PER SF: . . . . . . . . . . . . . . . . . . . . . . . . . $1.64 per SFNOI:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $168,564.24 annually
*Source: Kalibrate TrafficMetrix, Caltrans
OFFERING
NICK FRECHOU, SENIOR [email protected] | (559) 447-6266CA DRE # 01887999
JOHN LEE, SENIOR [email protected] | (559) 447-6257 CA BRE# 01406883
Retail California CREA division of Pearson Realty7480 North Palm Avenue, Suite 101Fresno, CA 93711P 559 256-1700F 559 256-7328
AGENT CONTACT INFO
NET LEASED INVESTMENT SALE | 4
This information has been scured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears any and all risk for any innacuracies.
RENT ROLL
RENT ROLL 435 N. CLOVIS AVE., CLOVIS, CA 93611 · 09/21/19
Property Unit(s) Lease Lease Type Brand Area Lease From Lease To Term Monthly Monthly Annual Annual Annual Annual Security LOC Amount/
SF Rent Rent Rent Rent Rec. Misc Deposit Bank Guarantee
Per Area Per Area Per Area Per Area
267 - Blackhorse Center, Clovis
Current Leases
267 101 Vince Cortez Retail Net 1,560.00 3/4/2019 3/3/2024 60.00 2,418.00 1.55 29,016.00 18.60 9.10 0.00 2,418.00 0.00
267 102 Maharaja Sweets & Spices Retail Net 1,100.00 9/1/2014 8/31/2022 96.00 1,522.13 1.38 18,265.56 16.61 9.10 0.00 0.00 0.00
267 103 Fit Body Boot Camp Retail Net 2,027.00 10/15/2015 1/14/2021 63.00 2,837.71 1.40 34,052.52 16.80 9.10 0.00 2,908.66 0.00
267 104 Spring Spa Nails Retail Net 1,200.00 8/1/2016 11/30/2023 88.00 1,920.00 1.60 23,040.00 19.20 9.10 0.00 0.00 0.00
267 106 Madhu & Sons, Inc. Retail Net 1,100.00 12/15/2015 2/14/2021 62.00 1,599.18 1.45 19,190.16 17.45 9.10 0.00 1,650.00 0.00
267 108 *Jimmy John’s Gourmet Sandwiches Retail Net 1,581.00 * * 120.00 3,750.00 2.37 45,000.00 28.46 9.10 0.00 0.00 0.00
Total Current 8,568.00 14,047.02 1.64 168,564.24 19.67 9.10 0.00 6,976.66 0.00
Total Units Total Area Percentage Monthly Rent Annual Rent
Occupied 6.00 8,568.00 100.00 14,047.02 168,564.24
Vacant 0.00 0.00 0.00 0.00 0.00
Total 6.00 8,568.00 14,047.02 168,564.24
*Jimmy John’s to sign a 10-year lease prior to close of escrow.
NET LEASED INVESTMENT SALE | 5
PRICE: $2,809,404
Price per Square Foot: $327.89
Capitalization Rate: 6.00%
Total Rentable Area (SF): 8,568± SF
Lot Size (acres) 0.87 acres
STABILIZED INCOME MONTHLY AVG RENT PER SF
Scheduled Rent: $1.64 $168,564.24
Effective Gross Income: $1.64 $168,564.24
LESS
Taxes: [Paid by Tenants]
Insurance: [Paid by Tenants]
Total Operating Expenses [Paid by Tenants]
EQUALS NET OPERATING INCOME $168,564.24
This information has been scured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any innacuracies.
INCOME & EXPENSE
NET LEASED INVESTMENT SALE | 6
Located in the northeast quadrant of the Fresno-Clovis Metropolitan Area, Clovis is situated in the midst of the agriculturally rich San Joaquin Valley.
The City’s economic base consists of retail sales and services and light manufacturing. Availability of housing, quality hospital care, excellent schools with modern facilities, responsive safety services, a mild climate, access to varied recreational opportunities, and strong community identity all contribute to Clovis’ reputation as a great place to live.
Ideally located mid-way between Los Angeles and San Francisco, Clovis, CA is one of the most advantageous business locations in the State of California. The collaborative approach to business offered by both the city’s Economic Development Department and the community at large makes doing business in Clovis easy.
DEMOGRAPHIC INFO
2019 POPULATION: 1 Mile 3 Miles 5 Miles
2019 9,554 107,551 251,328 2024 10,013 112,718 263,175 2010 8,800 98,741 226,290 Daytime Population: 2019 14,146 109,219 280,650
2019 HOUSEHOLD INCOME: 1 Mile 3 Miles 5 Miles
Median $84,493 $74,701 $96,173 Average $104,645 $101,110 $71,013 Sources: Claritas, LLC, Synergos Technologies Inc.
ABOUT CLOVIS, CA LOCATION MAP · CLOVIS, CA
REGIONAL MAP · FRESNO-CLOVIS, CA
NET LEASED INVESTMENT SALE | 7
NET LEASED INVESTMENT SALE | 8
CLOVIS CROSSINGS AERIAL VIEWS
BLACKHORSECENTER
FAMILY DOLLAR | 9
NICK FRECHOU, SENIOR V.P.(559) [email protected] CA DRE# 01887999
JOHN LEE, SENIOR V.P.(559) [email protected] DRE# 01406883
Retail California, a division of Pearson Realty · 7480 North Palm Avenue, Suite 101 Fresno, CA 93711 · P 559 256-1700 · F 559 256-7328www.retailcalifornia.com
