Retail Space For Lease @ 1208-1228 W Shields & 1230 W Shields

Multi-Tenant Investment Opportunity: Shields & West corner retail shops of ±8,310 SF on ±0.475 AC. Offers 2 freestanding buildings w/ easy-to-rent units leased to long-term tenants. #1208-1228 has (5) retail spaces totaling ±6,000 SF and #1230 is a single tenant space totaling ±2,310 SF. Property sits in dense Central Fresno, and its close proximity to major highway access is easily accessible to motorists. Value-add deal w/ actual rents of $79,206.60/year collected plus upside potential. After leasing (1) vacancy, addressing the under-market rent of the (3) MTM tenants & extending lease length, the realistic 6-12 month stabilized gross annual income is $98,730 (19.7% upside). Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of spaces. Once stabilized, the deal offers a 14.03% cash-on-cash return when leveraged w/ 30% down, producing a 1.55 DCR!

The value-add opportunity consists of leasing the (1) vacancy (1,442 SF), increasing the rent of 1212 ($1.10/SF), #1228 ($1.15/SF), and #1230 ($0.95/SF), then extending leases over the next 6-12 months. In addition, charging the customary "pass-through" expenses of Water, Sewer, Trash, and Gardening to eliminate these items from the Landlords ledger. #1208 vacancy is a end-cap former Bridal/Tux rental store with a wide open front retail area, rear large offices plus a private restroom ready to move-in.

Multiple configurations ranging from 782 SF up to 2,310 SF with the ability to combine spaces to create larger units. Clean spaces with fresh paint, newer flooring, and move-in ready spaces! Excellent Owner/User with Passive Income, or Investment. Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). Operational HVAC's, sealed roof, full exterior lit private parking (24 spaces plus street), excellent existing corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps. Many front parking spaces available, and excellent existing signage. This space offers accomodations for: strip center.