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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
One of the most photographed images in Central Valley in a dense, diverse, thriving neighborhood. clubs, restaurants and nightlife. The subject properties are located on two major thoroughfares (E Olive and N Wishon Avenues) within the Midtown West Retail Submarket boasting close proximity to CA-41 and CA-180 in the Tower District. This area consists of a mix of a dense, diverse, thriving neighborhood with Clubs, Restaurants and nightlife. Dubbed the Crown Jewel of The Tower District.
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Location

  • City Fresno, CA
  • Neighborhood Tower District
  • Zip Code 93728
  • Market Central Valley

Contacts

Jared Ennis

KW Central California

(559) 302-8698

Highlights

  • 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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Attachments

Contact Listing Broker

Jared Ennis

KW Central California

(559) 302-8698

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