GreenBean Retail Investment - Woodlake 8 cap

5,680 SF | Retail Building | Woodlake, CA 93286 | $1,000,000 ($176/SF) | 8.25% Cap Rate

Date Added:
September 16, 2024
Days on Market:
2 days

Asking Price $1,000,000

Property Type
Retail
Square Feet
5,680 SF
Price / Square Foot
$176

Listing Contacts

Gabe Kadosh
Gabe Kadosh
Verified Profile
Peter Mikacich
Peter Mikacich
Verified Profile
Shaun Bloomquist
Shaun Bloomquist
Verified Profile
  • Property Info

Property Overview

Colliers, as exclusive advisor to the Seller, is pleased to present this unique valueadd opportunity to acquire the fee-simple interest located at 515 West Naranjo Blvd., Woodlake, CA. The Property is a NNN investment opportunity, with development potential, currently at a 100% occupancy rate with a single tenant usage. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the
Portfolio.
The 5,680 SF Property resides on approximately 2.31 AC along West Naranjo Boulevard, one of the most traveled thoroughfares in the City of Woodlake, which is less than half of a mile west of Bravo Lake Botanical Garden. The location is situated in the heart of Woodlake, just
over ten (10) miles northeast of the boundary in the City of Visalia, CA. The property caters to medical, technology and traditional retail tenants who require class “B” retail space in the high desirable NW Tulare County submarket with close proximity to Woodlake Village and top rated public and charter schools.

Property Details

Class
C
Year Built
2018
Stories
1
Property Subtype
Freestanding
Lot Size (sq. ft)
100,624 SF

Highlights

  • Ten-year (10) lease term extending through 10/31/2028
  • 3% annual increases with a strong financial tenant
  • Currently in negotiations to extend term an additional five (5) years
  • Large land parcel with other additional income opportunities

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