$454,539*
●
Commercial -
Off Market
1460 11Th Street
Reedley, CA 93654
Studio
0 Bath
$279,000 - $341,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
0.29 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1962
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 8, 2019 | No longer available | - | |
No longer available | |||
Aug 31, 2018 | Listed | $310,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/31/2018
|
|
Studio
|
-
|
-
|
$310,000
Studio
-
|
-
-
|
-
|
-
|