$2,400,000
Visalia, CA 93291
MLS# 136229
Status: Closed
2 baths | 2420 sqft
1 / 5
Property Description
Builder/Owner/Operator is selling this brand new NNN Leased Investment The store opened June 26, 2017 and the Store Operator will execute a new 20 year lease with 3 5 year options, that include 7.5% increases every 5 years. This is a Triple Net Lease, Tenant will pay Property Taxes and Maintenance costs. There are no Landlord responsibilities.
Details
Maps
Property Information
Property Sub-Type: Commercial
New Construction: No
Year Built: 2017
Year Built Source: Builder
Number of Buildings: 1
Street #: 2918
Direction: N
Street Name: Dinuba
Half Baths: 2
Suffix: Boulevard
Total Baths: 2
Stories: 1
Approx Square Feet: 2420
SqFt Source: Plans
Lot Acres: 0.79
Lot SqFt: 34412
State/Province: CA
Lot Dimensions: Irregular
Zip Code: 93291
APN: 091010050000
Lot Size Source: Assessor
County: Tulare
Additional Parcels Y/N: No
Area: Visalia NE
Listing Information
Original List Price: 2500000
List Price/SqFt: 1033.06
Current Price: $2,400,000
Status: Closed
Listing Date: 2018-02-14
Listing Price: 2500000
Showing Information
Cross Street: Riggin
Directions to Property: From Houston, North on Dinuba Blvd/Highway 63, East at Riggin, Property is next parcel east of new gas station on corner.
Remarks
Marketing Remarks: Builder/Owner/Operator is selling this brand new NNN Leased Investment The store opened June 26, 2017 and the Store Operator will execute a new 20 year lease with 3 5 year options, that include 7.5% increases every 5 years. This is a Triple Net Lease, Tenant will pay Property Taxes and Maintenance costs. There are no Landlord responsibilities.
General Information
# Uncovered Parking: 31
Financial
Cap Rate: 5
Status Change Info
Pending Date: 2018-02-14
Status Change Date: 2018-04-13
Close Date: 2018-04-13
Close Price: 2400000
Close Price/SqFt: 991.74
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air; Electric
Heating: Central
Roofing: Other
Commercial Sub-Type: Restaurant
Listing Terms: 1031 Exchange; Cash
Listing Office: Melson Realty, Inc.
Listing Agent: Chris Jolly
Agent Email: chriswjolly@gmail.com
Co Office Name: Melson Realty, Inc.
Co Listing Agent: Ruben Olguin
Co Agent Email: ruben@rubenolguin.com
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.