4004 Mooney BlvdVisalia, CA 93277

Property Details for 4004 Mooney Blvd

Year built

2003

Construction

WOOD

Lot size

0.99 AC

Property size (Sq ft)

6,851 SF

Zone code

CR

Property type

Retail properties

Property subtype

Turn key restaurants

APN

122-420-007-000

APU

122420007000

Description

This exceptional investment opportunity presents a fee interest in a brand-new, freestanding Outback Steakhouse located at the highly visible southeast corner of Mooney Blvd and West Cameron Avenue in Visalia, California. The property boasts a prime location in Tulare County, zip code 93277, offering excellent visibility and accessibility. This is a rare chance to acquire a corporately guaranteed lease with Bloomin’ Brands, Inc., the parent company of Outback Steakhouse, a leading full-service restaurant with over 1,000 locations globally and over $1.98 billion in revenue in 2023. The property features Outback's latest prototype design, showcasing a modern and aesthetically pleasing building. The asking price is $2,600,000, offering a pro-forma cap rate of 6.00% and a pro-forma NOI of $152,000. The lease includes built-in rent increases every five years throughout the initial term and option periods, providing a strong hedge against inflation. This is a truly unique opportunity to acquire a high-quality, passively managed commercial land investment with a strong tenant and significant upside potential. The property is situated at 4004 S Mooney Blvd, Visalia, CA 93277. This NNN lease structure minimizes landlord responsibilities, making it an ideal investment for passive income seekers. The property's location and tenant strength make it a compelling investment opportunity with significant long-term value.

• CAP approach

  CAP return

  Valuation

  6%

  $1,427,724

  6.5%

  $1,317,899

  7%

  $1,223,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,292,559

  Geo Method

  $3,283,021

• Alternative Use

  Use

  Valuation

  Residential

  $1,111,697

  Hospitality

  $1,018,309

  Educational

  $847,221

  Medical

  $876,358

  Retail

  $1,317,899

Location Insight

City

Visalia

County

Tulare

State

California

Latitude

36.294

Longitude

-119.313

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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