Fully Leased Investment: ±3,772 SF Retail Center

Highlights

• 5.18% Existing Cap & 6.64% Cap After Rent Increases
• Fully Leased Investment w/ Long-Term Tenants
• Functional Retail Spaces | Easy To Rent
• Investment Opportunity: (7) Retail Spaces
• Easy Access | Separate Suites | Multiple Configurations
• Long-Term Tenants | Low Turnover | Low Maintenance
• Easy Access from Surrounding Major Corridors
• Excellent Existing Signage | Requires Little Management
• Easy Access to Highway 198 On/Off Ramps
• Ample Parking, Quality Tenants, & Great Exposure
• Building Equipped w/ Separate HVAC's & Meters

Description

100% Leased Investment Opportunity: Prime location offering ±3,772 SF of multi-tenant retail shop spaces on ±0.219 acres in the center of Hanford, CA. Offers (7) easy-to-rent retail spaces leased to long-term tenants - including Farmers Insurance - on professionally drafted leases. The property sits comfortably in Hanford’s primary retail area, and with its close proximity to a major highway access is easily accessible to motorists. Located in a very thirsty market for Retail spaces. Great visibility, convenient parking & easy access to CA-198 on/off ramps. Many front parking spaces available, and excellent existing signage.

The value-add opportunity consists of addressing the under-market rent of (6) tenants, and experiencing (1) lease extension over the next 6-12 months. Value-add opportunity with actual rents of $42,024/year collected plus upside potential. After addressing the under market rents, the annual income is $50,400/year. Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of units.

This property is located on 11th Ave directly off CA-198 in Hanford, CA. The property is located North of Lacey Blvd, South of Grangeville Blvd, West of 10th Ave, and East of 12th Ave. Centrally located near many national retailers they include Starbucks, Smart & Final, The Chicken Shack, Raising Cane's Chicken Finger's, Hanford Mall, and many more!

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