Cap Rate
6.75%
Lot Size
0.27 Acres
3529 West Noble Avenue, Visalia, CA, 93277
Dollar Tree$1,929,626
Key Information
Year Built
2016
Term Remaining
±10 YRS
Type
Retail
NOI
$130,249
Leasable Area
10,500
Highlights
- Early Exercise of 10-Year Renewal Option — Tenant Demonstrated Strong Commitment Well Ahead of Lease Expiration
- Substantially Below-Market Rents Offer Significant Long-Term Value Creation Through Mark-to-Market Upside and Future Escalations. Asking Rents are $24 at Visalia Marketplace for Comparable Space (Per CoStar)
- Rare Central Valley Dollar Tree — One of the Few Investment-Grade Single-Tenant Opportunities Available Under $2 Million in a Supply-Constrained Market
- Attractive 6.75% Going-In Cap Rate on a Credit Tenant with Immediate Cash Flow
- Investment-Grade Credit Tenant — S&P: BBB, Prominent Anchor Tenant at Visalia Marketplace, a Well-Established Grocery-Anchored Shopping Center in the Growing Central Valley Region
- Other Tenants: Save Mart, Burger King, Starbucks, Great Clips and Popeye’s
- Shopping Center Consistently has Low Vacancies
- Freeway Visibility And Prominent Signage. Located at a Busy Signalized Intersection, with Dedicated Turn Lane
Photos
Location
Agents
V
Vince ChapeyLicense # 02102058 (CA)
A
Andy SabherwalLicense # 01238374 (CA)
Broker of Record
David Harrington
License # 02168060, 01320460 (CA)Matthews Real Estate Investment Services, Inc2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245