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Restaurant

Huckleberry's

222 E Bullard Ave, Fresno, CA 93710

Listing Price: $3,000,000

Cap Rate
4.50%
Tenant Name
Huckleberry's
Years Remaining On Lease
20.0
Gross SF
3,596
Guarantor
Personal Guarantee
Rentable SF
3,596
Price/Gross SF
$834.26
Lease Type
Absolute Net
Rent Per Square Feet
$37.54

Investment Overview

Marcus & Millichap is pleased to present Huckleberry’s, a single tenant net leased restaurant opportunity in Fresno, California. Huckleberry’s is a Southern themed breakfast & lunch diner concept that was re-launched in 2016 by Heritage Restaurant Brands; this Fresno location is a legacy unit that has been operated at this site continuously since 1995. The operation was recently acquired by PJ Noor Holdings, one of the largest franchisee’s in the Huckleberry’s system; the new operator has executed a new 20-Year absolute net lease to secure the location long term. This location reports the highest gross receipts out of the entire Huckleberry’s system. The Subject is located at 222 East Bullard Avenue, directly adjacent to the northbound onramp of State Route 41, the primary commuting highway serving the Fresno area. Fresno Surgical Hospital and surrounding medical offices are adjacent to the subject to the East and there are multiple limited service hotels directly North of the site offering a steady stream of breakfast and lunch customers with no competing concepts nearby. A fee simple offering, the subject consists of a restaurant building totaling 3,596-square feet sitting on a .76-acre parcel. The property includes 31 surface parking spaces, a ratio of 8.55 spaces per 1,000-SF. Huckleberry’s on Bullard Avenue offers an investor the rare opportunity to acquire an absolute net leased investment with high intrinsic value, a proven track record of success, a new 20-Year base term and scheduled rent increases.

Investment Highlights

  • Single Tenant Net Leased Huckleberry's Restaurant
  • Absolute Net Terms With Zero Landlord Responsibilities
  • One of the Top Grossing Locations in the Huckleberry's System

Exclusively Listed By

Financing By

Restaurant

Huckleberry's

Listing Price: $3,000,000

Cap Rate
4.50%
Tenant Name
Huckleberry's
Years Remaining On Lease
20.0
Gross SF
3,596
Guarantor
Personal Guarantee
Rentable SF
3,596
Price/Gross SF
$834.26
Lease Type
Absolute Net
Rent Per Square Feet
$37.54

Investment Highlights

  • Single Tenant Net Leased Huckleberry's Restaurant
  • Absolute Net Terms With Zero Landlord Responsibilities
  • One of the Top Grossing Locations in the Huckleberry's System

Investment Overview

Marcus & Millichap is pleased to present Huckleberry’s, a single tenant net leased restaurant opportunity in Fresno, California. Huckleberry’s is a Southern themed breakfast & lunch diner concept that was re-launched in 2016 by Heritage Restaurant Brands; this Fresno location is a legacy unit that has been operated at this site continuously since 1995. The operation was recently acquired by PJ Noor Holdings, one of the largest franchisee’s in the Huckleberry’s system; the new operator has executed a new 20-Year absolute net lease to secure the location long term. This location reports the highest gross receipts out of the entire Huckleberry’s system. The Subject is located at 222 East Bullard Avenue, directly adjacent to the northbound onramp of State Route 41, the primary commuting highway serving the Fresno area. Fresno Surgical Hospital and surrounding medical offices are adjacent to the subject to the East and there are multiple limited service hotels directly North of the site offering a steady stream of breakfast and lunch customers with no competing concepts nearby. A fee simple offering, the subject consists of a restaurant building totaling 3,596-square feet sitting on a .76-acre parcel. The property includes 31 surface parking spaces, a ratio of 8.55 spaces per 1,000-SF. Huckleberry’s on Bullard Avenue offers an investor the rare opportunity to acquire an absolute net leased investment with high intrinsic value, a proven track record of success, a new 20-Year base term and scheduled rent increases.

Exclusively Listed By

Financing By

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