Description
The Banc of California property in Fig Garden Village is a freestanding, approximately 4,333-square-foot bank building on about 0.43 acres, with drive-through ATM service. Colliers is marketing the single-tenant net-lease investment. The offering reports a ten-year lease with seven years remaining and 3% annual rent increases, including extension options. Confirm the current remaining term and lease obligations with the broker.
The site sits near Palm and Shaw Avenues in Fresno, where combined reported traffic is approximately 69,446 vehicles daily. Fig Garden Village is a roughly 290,000-square-foot open-air center anchored by Whole Foods, with retailers including Williams Sonoma, Pottery Barn, Anthropologie and lululemon. The center reports approximately 3.6 million annual visits. The bank was formed through Banc of California's 2023 acquisition of Pacific Western Bank.
Offering Summary
- Asking Price$3,624,000
- Property TypeRetail
- Occupancy100%
- Built2011
- Total Acres~0.43 ac
Sale Details
- Cap Rate5.25%
- NOI$190,254
- In-Place Cap Rate5.25%
- In-Place NOI$190,254
Documents
Property Address
Property Details
- Property Type
Retail - Occupancy
100% - Year Built
2011 - Lease Type
NNN - Zoning
C-3 – Regional Commercial - APN
417-220-25 - Gross Leasable Area
4,333 SF - Available GLA
4,333 SF - Acres
0.43
Deal Team




