Shopping Strip
Village Square - Shoe Palace - Visalia
2950 S Mooney Blvd, Visalia, CA 93277
Listing Price: $5,632,000
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to purchase fee simple interest in an 11,015 square foot fout-unit, multi-tenant retail building located on: 2908-2950 South Mooney Boulevard in the city of Visalia, which has a population of over 141,000 people. Visalia is centrally located about three hours south of San Francisco and San Jose in Northern California, and three hours north of Los Angeles.
The state of the art, modern-built property is 100 Percent leased to service and experience-based tenants. The well-maintained single-story retail building boasts over 150 feet of frontage on Mooney Boulevard (28,000 cars per day), and benefits from the retailers in the immediate surrounding area.
Village Square - Shoe Palace - Visalia
Investment Highlights
- PROVEN TENANT RETENTION & SITE COMMITMENT The Majority (86 Percent) of the Tenants Have Been at this Location Since the Building's Redevelopment in 2016, Establishing Success and Long-Term Commitment.
- EXCEPTIONAL RENT AND CASH FLOW GROWTH The Increases Built into the Leases (Three Percent Annual Increases, and 10 Percent Increases every Five Years) Provide the Landlord with Exceptional Growth.
- GREAT VISIBILITY AND TRAFFIC COUNTS Over 159' of Frontage on Mooney Boulevard (28,000 Cars Per Day), the Building Benefits from Visibility and the Synergy Provided by the Surrounding Retailers.
- PRIDE OF OWNERSHIP ASSET/ NEW 2016 BUILD Built in 2016, this Pride of Ownership Asset Benefits From State-of-The-Art Modern Design, and New Construction Which Lends to Durability, and Less Capital Expenditures in the Foreseeable Future.
- DENSE, SOLID CALIFORNIA DEMOGRAPHICS • Over 15,000 People Within a One-Mile Radius and Average Household Incomes Exceeding $80,000. • Over 86,000 People Within a Three-Mile Radius and Average Household Income Exceeding $85,000. • Over 131,000 People Within a Five-Mile Radius and Average Household Income Exceeding $91,000.
Exclusively Listed By
Listing Price: $5,632,000
Investment Highlights
- PROVEN TENANT RETENTION & SITE COMMITMENT The Majority (86 Percent) of the Tenants Have Been at this Location Since the Building's Redevelopment in 2016, Establishing Success and Long-Term Commitment.
- EXCEPTIONAL RENT AND CASH FLOW GROWTH The Increases Built into the Leases (Three Percent Annual Increases, and 10 Percent Increases every Five Years) Provide the Landlord with Exceptional Growth.
- GREAT VISIBILITY AND TRAFFIC COUNTS Over 159' of Frontage on Mooney Boulevard (28,000 Cars Per Day), the Building Benefits from Visibility and the Synergy Provided by the Surrounding Retailers.
- PRIDE OF OWNERSHIP ASSET/ NEW 2016 BUILD Built in 2016, this Pride of Ownership Asset Benefits From State-of-The-Art Modern Design, and New Construction Which Lends to Durability, and Less Capital Expenditures in the Foreseeable Future.
- DENSE, SOLID CALIFORNIA DEMOGRAPHICS • Over 15,000 People Within a One-Mile Radius and Average Household Incomes Exceeding $80,000. • Over 86,000 People Within a Three-Mile Radius and Average Household Income Exceeding $85,000. • Over 131,000 People Within a Five-Mile Radius and Average Household Income Exceeding $91,000.
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to purchase fee simple interest in an 11,015 square foot fout-unit, multi-tenant retail building located on: 2908-2950 South Mooney Boulevard in the city of Visalia, which has a population of over 141,000 people. Visalia is centrally located about three hours south of San Francisco and San Jose in Northern California, and three hours north of Los Angeles. The state of the art, modern-built property is 100 Percent leased to service and experience-based tenants. The well-maintained single-story retail building boasts over 150 feet of frontage on Mooney Boulevard (28,000 cars per day), and benefits from the retailers in the immediate surrounding area.
Exclusively Listed By
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