5126 N Palm Avenue Retail
  • Asking Price
    $3.6MAsking Price
  • NOI
    $190KNOI
  • Cap Rate
    5.25%Cap Rate
  • Gross Leasable Area
    4,333 SFGross Leasable Area
  • Year Built
    2011Year Built
  • Lease Type
    NNNLease Type

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 Type
    Retail
  • Occupancy
    100%
  • Built
    2011
  • Total Acres
    ~0.43 ac

Sale Details

  • Cap Rate
    5.25%
  • NOI
    $190,254
  • In-Place Cap Rate
    5.25%
  • In-Place NOI
    $190,254

Documents

Property Address

5126 N Palm Avenue
Fresno, CA 93612

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

Adam Malan profile image

Adam Malan

Vice Chair
Colliers
NV RE Lic. 0063542
Deana Marcello profile image

Deana Marcello

Executive Vice President
Colliers
NV RE Lic. 174174