Northmarq’s National Restaurant Group completes $2.2M sale of Taco Bell in Fresno, CA

FRESNO, Calif. (March 21, 2025) — Northmarq’s Portland Investment Sales team led by Matt Lipson and Enoch Escalera — members of Northmarq’s National Restaurant Group — successfully arranged the $2.2 million sale of a Taco Bell located at 7785 N 1st Street in Fresno, California.

Northmarq represented the seller and buyer, a local family trust. The buyer was NMI Commercial Properties, LLC.

“This was a win-win for both buyer and seller. We were able to renegotiate a mutually beneficial lease with the existing tenant,” Lipson said. “This lease made the property far more valuable, and in turn more secure for the buyer. This is a high performing site and both sides were winners walking away.”

"This transaction exemplifies the Northmarq National Restaurant Group's value and commitment to being a true partner to our clients,” Escalera said. “I was able to leverage my proprietary Taco Bell database to identify the buyer, and we designed our OM in our signature interactive marketing style which helped produce multiple offers in a down market."

The Taco Bell property features a 2,944-sq.-ft. building located on 0.75 acres at the corner of E. Nees Avenue and N 1st Street, a high-traffic intersection with roughly 38,000 vehicles passing by per day. The single-tenant retail space, renovated in 2011, features an absolute triple-net lease with Taco Bell that runs through 2036.

Part of Woodward Village shopping center in the thriving neighborhood of Fresno, the Taco Bell is surrounded by several key shopping locations and traffic drivers including Woodward Park Gateway, Park Crossing, Villagio and Universal Park, as well as national tenants like Costco, Target, Home Depot, Lowe’s, Sam’s Club, Best Buy and more.

The strong retail hub is complemented by the nearby Kaiser Permanente Medical Center, top-rated schools, numerous businesses, and area residential communities.

The Taco Bell ranks in the top 10% of locations nationwide and is operated by the fourth-largest operator in the Taco Bell system. It sits with roughly 260,000 people living within a five-mile radius.