1928 WEST OLIVE AVE. FRESNO, CA 93728

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present an attractive investment opportunity in the form of a Built-to-Suit Family Dollar property located in Fresno, California. The property was constructed in 2014 and the tenant recently exercised their 1st 5 year option bring the remaining term to 5+ years. This recent extension is a testament to the strength of the location. Investors can take advantage of the potential for stable long-term returns, as there are five 5-year options still available, each with a 10% increase in rental income.

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The subject property boasts an impressive 10-year operating history, establishing a track record of successful operations and tenant reliability. Notably, this Family Dollar is strategically positioned as the only one in the area west of the nearest Family Dollar, which is over 14 miles away on Highway 99. This unique positioning grants the property a significant competitive advantage in serving the essential needs of Western Fresno consumers.

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The investment is further strengthened by a corporate lease with Family Dollar, Inc., which is an investment-grade subsidiary of Dollar Tree, Inc. (NASDAQ: DTLR) and holds a favorable S&P rating of BBB. Family Dollar, Inc. is the largest dollar store chain in the United States, boasting an impressive network of 15,500+ locations. The company achieved record-setting net sales of $26.3 billion in 2021 and was ranked #137 in the prestigious Fortune 500 list in 2022.

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The property’s location is strategically chosen for excellent accessibility, situated near the intersection of Olive Avenue and Golden State Highway 99, with a daily traffic count exceeding 137 cars. This accessibility ensures the property’s visibility and ease of access for consumers, further enhancing the tenant’s success in serving the local market. The surrounding population of 289,561 people have an average household income of $65,893 in a 5-mile radius.

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Fresno, the 5th-largest city in California, serves as the metropolitan hub for the Central Valley and holds immense significance as an agricultural center for the world. With a strong economic foundation and growth potential, Fresno offers a stable and thriving real estate market.