For Sale
$6,200,000

5223 Walnut AveVisalia, CA 93277

Two thriving CA shopping centers, 100% leased.

Overview

Added:
Jan 24
Days on market:
71
This exceptional investment opportunity presents two fully leased shopping centers in prime Visalia and Lemoore, California locations. The portfolio comprises ten units totaling 16,316 net rentable square feet, situated across two buildings on two separate parcels. The properties boast a combined 50,007 square feet and are situated on high-traffic thoroughfares. Built in 1999 and 2003, these single-story centers benefit from a 100% occupancy rate, generating a strong net operating income (NOI) of $301,375, resulting in an attractive 4.86% cap rate. The sale is structured as a 1031 exchange-eligible offering, presenting significant tax advantages for qualified investors. The properties are offered as a corporate ownership and operate under a triple-net (NNN) lease structure, minimizing landlord responsibilities. The Visalia location, at 5223 W Walnut Ave, Visalia, CA 93277 (APN: 119650007000 & 021380010000), is zoned NC. The Lemoore location is at 75 W Hanford Armona Rd, Lemoore, CA 93245. This portfolio represents a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential. The asking price is $6,200,000.

Highlights

  • $6,200,000 asking price for a multi-tenant, net-leased shopping center portfolio.
  • 50,007 total square feet, with 16,316 net rentable square feet.
  • 4.86% cap rate, producing a $301,375 NOI.
  • 100% occupancy across ten units in two buildings.
  • Located in Visalia and Lemoore, California, with addresses at 5223 W Walnut Ave, Visalia, CA 93277 and 75 W Hanford Armona Rd, Lemoore, CA 93245.
  • Built in 1999 and 2003, consisting of two single-story buildings.

Property Details for 5223 Walnut Ave

Property type
Lifestyle centers, Power centers
Square Feet
50,007 SF
Year Built
1999
Buildings
2
Stories
1
Units
10

Location Insight

City
Visalia
County
Tulare
State
California
Latitude
36.311432668411
Longitude
-119.34919272421
5223 Walnut Ave, Visalia, California

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5223 Walnut Ave
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