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33743202
33743213

5422 North Blackstone Avenue, Fresno, CA 93710

BC
CA 01809130
Commercial Retail Associates
SA
CA 01422414
Commercial Retail Associates
Listed by Commercial Retail Associates
$17,500,000
4 days on market
Updated 4 days ago
Opportunity zone

Value Add Grocery Anchored Center

Details
Property Type Retail
Sub Type Shopping Center, Grocery Store (+1)
Square Footage 130,769
Cap Rate 7.00%
Occupancy 97.4%
Tenancy Multi
Broker Co-Op False
Acreage 11.220
Investment Type Value Add
Ground Lease No

Priced Below Replacement Cost

Marketing description

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of the Blackstone-Barstow Center, a high-performing grocery anchored community shopping center located at the signalized high-traffic intersection of Blackstone and Barstow Avenues in Fresno, California. The center is comprised of ±130,769 square feet of commercial space situated on seven separate tax parcels totaling ±11.22 acres of land and is 97.4% leased to 8 tenants with over 78% of the GLA being occupied by national, regional or franchised tenants. The subject property is well-positioned on a stretch of North Blackstone Avenue that has a dense core of retail and commercial buildings. Neighboring tenants at or near the intersection include Target, Smart & Final, Burlington, Dollar Tree, AutoZone, Guitar Center, Chevron, McDonald’s, Taco Bell, Panda Express, and several national car dealerships and national hotel chains. This offering presents an investor with an opportunity to acquire a successful community shopping center located in one of California’s largest cities.

Investment highlights

Priced Below Replacement Cost at $134/sf

FoodMaxx Sales Rank #1 of 17 Save Mart/FoodMaxx Stores in Fresno-Clovis

Value Add through Lease Up of Vacant former Drive-Thru Restaurant

Over 78% of the GLA is Occupied by National, Regional or Franchised Brands

Dense Infill Area with Over 382,000 People Within a 5-Mile Radius

Listing Contacts

BC
CA 01809130
Commercial Retail Associates
SA
CA 01422414
Commercial Retail Associates
Listed by Commercial Retail Associates

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Zoning

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RMX MixedMixed UseRegional Mixed Use
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Last updated Apr 30, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Bryan Cifranic
License
01809130
Brokerage
Commercial Retail Associates
Brokerage Phone
5596501300
Name
Shane Anderson
License
01422414
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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