Jones Lang LaSalle Americas, LP is pleased to offer for sale the fee simple interest in a single tenant grocery store leased to Smart & Final Extra! (the “Property” or “Asset”) located in Fresno, California. Smart & Final is currently in process of executing a 20-Year NNN lease extension with contractual rental increases. Since opening for business in July of 2016, Smart & Final has been a staple for the local consumer base consisting of exceptional demographics. The Property has undergone a full interior renovation, proving the Tenant’s commitment to this location. Smart & Final Extra is the anchor tenant within Woodward Village neighborhood shopping center located along First Street in a busy retail corridor home to national tenants such as, Walgreens, Sam’s Club, Total Wine & More, Nordstrom, Best Buy, Target, Kohl’s, The Home Depot, Costco and more!
- NNN Lease with Limited Landlord Responsibilities
- Scheduled Rental Increases in Both the Primary Term and Option Periods
- Tenant Boasts Over 250 Locations with $4.57 Billion in Sales for 2021
- Low In-Place Rent Creating Tenant Commitment plus a Brand New 20-Year Lease
- Recently Renovated Store with Strong Operating History
- Surrounded by Exceptional Demographics with Over 252,900 People and a AHHI of $90,600 within a 5-Mile Radius
- Located at the Intersection of N First Street and E Nees Avenue with Combined Traffic Counts of 55,700 VPD