For Sale
$5,830,000

827 Akers StVisalia, CA 93277

High-Yield Medical/Retail Center in Visalia, CA

Overview

Added:
Dec 11, 2024
Days on market:
115
Akers Plaza, located at 827 S Akers St, Visalia, CA 93277, presents a compelling investment opportunity in Tulare County. This 7,337 square foot, multi-tenant property boasts a strong 5.15% capitalization rate and a Net Operating Income (NOI) of $293,386. The asking price is $5,830,000, translating to a price per square foot of $888.65. The property is a fully occupied, four-tenant center, strategically positioned a quarter-mile from Highway 198 ramps, serving the underserved Northwest Visalia area with its high daytime population. The tenant mix comprises 46% dental and 54% retail, ensuring a diversified income stream. Constructed in 2021, the building benefits from a weighted average lease term (WALT) of 8.27 years, providing long-term stability and predictable cash flow. Leases are structured as Triple Net (NNN) agreements. This property offers a rare combination of strong financial performance, desirable location, and a modern, well-maintained building, making it an ideal addition to any investment portfolio. The property is classified as both Medical Office and Shopping Center.

Highlights

  • Excellent location, one-quarter mile from Highway 198 ramps.
  • Serves the underserved Northwest Visalia area with a high daytime population.
  • Fully occupied four-tenant center; 46% dental, 54% retail.
  • 2021 construction.
  • 8.27-year weighted average lease term (WALT).

Property Details for 827 Akers St

Property type
Lifestyle centers, Power centers
Square Feet
7,337 SF

Location Insight

City
Visalia
County
Tulare
State
California
Latitude
36.3233226
Longitude
-119.3500408
827 Akers St, Visalia, California

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827 Akers St
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