Fully Leased Investment: 8,208 SF Retail + Warehouse Buildings
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 450,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 8,208
Date Available 04/17/2019
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Property is located in East Visalia a few blocks off of HWY 198. Property is north of Houston, east of Burke Street, south of Sweet Avenue, and west of North Ben Maddox Way.

Leased Freestanding buildings totaling ±8,208 SF of retail in the front and commercial service in the rear. Cash Cow offering stabilized current rents with long term tenants. 8.62% existing rate of return after actual expenses with upside in increasing rents throughout the term and leasing existing vacancy (see income/expense breakdown). Property to be delivered free and clear; new owner can take advantage today's low rates to leverage capital (30% down results in a 12.37% cash-on-cash). 4,752 SF ground floor, 1,536 upstairs, 3 warehouse @ 528 SF; 1 warehouse @ 336 SF. Great visibility, convenient parking & easy access to Highway 198 on/off ramps. Many front parking spaces available and excellent existing signage.