Cedar Tree Village Shopping Center | Fresno, CA | CFO 3/4/26
Grocery-Anchored Neighborhood Shopping Center | 6.75% CAP | 118,417 SqFt
Marketing description
Cedar Tree Village is a 118,417 SF grocery-anchored shopping center located at the highly visible intersection of Herndon and Cedar Avenues in Fresno, California. With over one million square feet of medical office and hospital facilities in close proximity, this center benefits from strong daily foot traffic, regional visibility, and high-performing national tenants including McDonald’s (BBB+), US Bank (A+), and Dollar Tree (BBB).
Built on 11.08 acres and boasting 96.3% occupancy, Cedar Tree Village offers a rare opportunity to acquire a stabilized, income-producing asset with long-term upside through below-market rents and staggered lease expirations. Recent lease extensions and parking lot renovations further support its strong positioning.
Situated near California State University, Fresno (24,000+ students) and in one of the city's most affluent, high-traffic corridors (85,500 VPD), Cedar Tree Village is a prime investment in one of Central California’s strongest submarkets.
Call for offers - March 4, 2026
Investment highlights
Strong Tenant Mix: Grocery-anchored by R-N Market ($500+ PSF sales), with long-standing tenants including McDonald’s, Dollar Tree, and US Bank
Credit-Backed Income: McDonald’s (BBB+), US Bank (A+), and Dollar Tree (BBB) all on corporate leases
Proven Tenant Retention: 58% of the square footage and 61% of income from tenants who’ve been at the center for over a decade
Recent Lease Extensions: McDonald’s (10-year), Dollar Tree and R-N Market (5-year) renewed in 2025
Below-Market Rents: Upside potential as leases roll and reset to market rates
Dense Surrounding Demographics: 146,000+ residents within 3 miles with $109K avg. HH income
Medical Office Synergy: Located within Fresno’s top medical corridor - driving consistent daytime traffic and strong demand for retail tenants.
Separate Parcels: Offers future breakup or condo-sale potential
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