SOLD: Rally's Hamburgers | Clovis, CA

SOLD

  • 969 Square Feet
  • Retail
  • For Sale

Summary Description

Bryan Webb represented the Seller in the sale of the 969 square foot Rally's Hamburgers in Clovis, CA.  The property is located on Ashlan Avenue between Peach and Minnewawa Avenues.  The tenant, whose signage is easily visible from the road, is located in a shopping center shadow-anchored by Costco.  This Rally's location benefits from traffic from the shadow-anchor and also from traffic generated from the Fresno-Yosemite International Airport located directly behind Costco on Airways Blvd, and also from the student population of California State University - Fresno, located less than a half-mile away.

Price: $1,478,400.00

Lot Size: 14810 Square Feet

Building Size: 969 Square Feet

Area Available: 969 Square Feet

SOLD

Asking Price

$1,478,400

Year Built

1994

Parcel Size

14,810 sq. ft

Ownership

Fee Simple

Rentable Sq. Ft.

969

Parcel Number

493-170-13

Zoning

Commercial (C-2)

Parking

32 spaces, 4.00/1,000 sq. ft

Foundation

Concrete

Features:

  • Rally's has 11.5 years remaining on a 15 year lease with 10% increases every 5 years
  • High performing site with excellent store sales
  • The building is shadow-anchored by Costco and Winco Foods
  • Less than 1/4 mile from Fresno Yosemite International Airport and less than 1 mile from CSU Fresno
  • Franchisee, F&M Restaurants, operates 11 locations throughout the Central Valley
  • Located in a highly-trafficked area in Clovis, less than 5 miles from downtown Fresno
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