4043 W Clinton Ave, Fresno, CA 93722 For Sale

Rare Single-Tenant Absolute NNN Grocery Asset

This investment includes a ±50,518 SF single-tenant Save Mart grocery store on a ±5.01-acre parcel, operating under an absolute NNN lease with zero landlord responsibilities. Located in the heart of Fresno, which is the county seat of Fresno County and the most populous city in Central California.

Prime Infill Central California Location

Save Mart is located in a dense commercial area surrounded by shops, parks, and schools. Nearby national retailers include Walgreens, Burger King, Taco Bell, and more. The property benefits from 24,337 cars per day at the intersection of Brawley Avenue and Clinton Avenue, offering exceptional visibility and access.

Corporate Lease with Save Mart Companies

The tenant, Save Mart Companies, runs over 200 stores across California, Nevada, Oregon, and Washington under the Save Mart, Lucky, FoodMaxx, Roth’s, and Chuck’s Fresh Markets banners. The lease is corporate backed, providing credit security.

Excellent Intrinsic Value and Future Upside

Offered at less than $150/SF on improvements, Save Mart is price well below replacement cost. With current rents of $9.25/SF/Year, the property is operating well below market rent, offering future upside to an owner.

Strong Store Sales and Healthy Rent Ratio

This Save Mart location is a high performing location with good annual sales. At current rents, the store is operating at an attractive Annual Rent vs Sales ratio of under 2.5%.

Strong Parent Company – The Jim Pattison Group

Save Mart is owned by The Jim Pattison Group, a diversified conglomerate with over $19 billion in annual revenue and 59,000+ employees, further enhancing the credit profile of the tenancy.

Long-Term Lease with Built-In Growth

The lease commenced in December 2021 and runs through November 2036, with approximately eleven (11) years remaining. It includes 1.75% annual rent increases and three (3), five (5)-year options plus one (1), three (3)-year and eleven (11)-month option, ensuring stable and growing cash flow.

Essential Daily Needs Retailer

Save Mart Supermarket serves as a critical provider of fresh and organic groceries to the surrounding community. As one of the few grocery-anchored centers in the area, Save Mart Supermarket is a key retail destination.

Absolute NNN Lease – Zero Landlord Responsibilities

The tenant is responsible for all expenses, including property taxes, insurance, utilities, HVAC, CAM, roof, structure, and parking—offering a true passive investment.

Fee Simple Ownership with Depreciation Benefits

Investors benefit from fee simple ownership and the ability to depreciate improvements, enhancing after-tax cash flow.

Retail Synergy in Shopping Plaza

The property is part of a well-established shopping center with national co-tenants including Burger King, Taco Bell, UPS, Electrify America Charging Stations, and multiple daily needs tenants, driving consistent foot traffic and cross-shopping.

Ideal 1031 Exchange Opportunity

With a corporate-backed lease, strong NOI growth, and zero management, this asset is a perfect fit for investors seeking a stable, long-term, cash-flowing 1031 exchange replacement.