444 E Olive Avenue, Fresno, CA 93728

Property Description

Two-tenant retail investment opportunity located at 444 E Olive Ave in Fresno. The property consists of approximately 3,444 square feetand is occupied by two established tenants: a laundromat and a pizza restaurant. Asking price is $1,275,000. Based on seller-providedestimated NOI of $76,601, the offering reflects an approximate 6.01% cap rate. The property also reflects an approximate 8.11% grossscheduled income yield based on total annual gross billings. Current lease structure includes base rent plus NNN reimbursements,existing 3% yearly rent raises, and tenant reimbursement obligations. Seller is currently negotiating updated long-term leasedocumentation with the existing tenants. The property benefits from a visible Olive Avenue location, established neighborhood traffic,and income from two separate tenants. Please contact listing agent for rent roll, operating statement, lease information, and duediligence materials. Buyer to verify all income, expenses, lease terms, square footage, zoning, permitted uses, taxes, and reimbursableexpense treatment