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Thriving Tower Theatre Business + 2 Retail Pads + Property Rentals
777 E Olive Ave, Fresno, CA 93728
- For Sale $6,500,000
- Property Type Retail - Freestanding
- Property Size 27,169 SF
- Lot Size 1.47 Acre
- Year Built 1939
- Date Updated Mar 31, 2022
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- City Fresno, CA
- Neighborhood Tower District
- Zip Code 93728
- Market Central Valley
- Unique - 1 of 100 Privately Owned Theaters Generating A Profit
- 2019 Revenue: Business of $1,281,506 + Property of $363,155
- 68% Of The NOI Derived From Leased Property Rental's
- 2 Leases Are Absolute NNN Leases w/ Zero Landlord Responsibility
- Quality Tenants | Occupied Over 22 Years | 3% Bumps Every Year
- Flagship Tower Location Surrounded by Eateries/Events
- Largest Performing Arts Private Theatre Operator in Central CA
- State-of-the-Art Auditorium | Best In Class Theater Design
- Long Standing Venue (80+ Years) w/World Class Performances
- Each Tenant Has Recently Re-Invested Into An Extensive Remodels
- Me-n-Ed’s in 5th of 7th Five-Year Renewal Periods To 8/31/2026
- Sequoia Brew in 3rd of 4th Five-Year Renewal Periods To 3/1/2030
- Superior Location w/ Limited Competition | Abundant FREE Parking
- Located In The Happening Retail/Restaurant Corridor In The Area
- Average Food & Alcohol Spending Exceeds $32.39M Within 1-Mile
- Over 364,925 People Living Within A Five Mile Radius Of The Property
- 2 Miles From Fresno City College; 7 Miles From CSU Fresno
- Over 20,000 College Students Within A Fifteen Minute Drive Of The Theater
- Double-Digit Year-Over-Year Sales Growth
- Regional Bus System Provides Easy Access Within Fresno & Clovis
- Fresno County's Dominate Metropolitan Area
- Unique Theatre which Accommodates Promotional Venues
- Landmark Building in the Fresno Area (On National Register)
- Prime Cannabis Retail Zoning, Outside Exclusion, 800'+ Away
Frequently Asked Questions
What is the total square footage of Thriving Tower Theatre Business + 2 Retail Pads + Property Rentals?
Thriving Tower Theatre Business + 2 Retail Pads + Property Rentals totals 27,169 square feet.
When was this property built?
Thriving Tower Theatre Business + 2 Retail Pads + Property Rentals was built in 1939.
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