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NN Leased Retail Bank Building For Sale
Listing was updated at: 09/06/2018
Property Overview
Price/Rent PSF $ 530,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 4,136
Date Available 09/06/2018
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Description

Location
This property is located north of 7th Street, east of N Irwin Street, south of 8th Street and west of W Douty Street in Hanford, California.

Sale
Freestanding double net lease with 2.55% annual increases. Golden 1 has occupied the space since 1999 and just inked a fourth corporate guaranteed lease extension through 2023 with no termination clause. The tenant just completed a $90K+ remodel in 2015, showing their commitment to the market and location. The vibrant downtown of Hanford attracts various quality tenants surrounding the location bringing great synergy for Golden 1 to flourish. Well known and established Retail Bank building in a highly traveled area off the "Main and Main" of Downtown Hanford. Hanford's downtown zoning guarantees all bank buildings must be located within the downtown area. The second tenant, The Ladies Room, also just renewed for an additional 3 years through 7/2020. Each freestanding building has a functional floor plan that tenant has made substantial improvements to.

Location

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