High Exposure Retail Shop Space in Downtown Reedley

Located in the most desirable area of Reedley, on G Street between North and Dinuba Avenues. Central location surrounded with close proximity to many restaurants, services and many other amenities. Prime location in the middle of the downtown and newer shopping centers surrounded by a dense mixture of housing and apartments. Nearby quality tenants include McDonalds, Starbucks, Jack in the Box, Carl's Jr., Dollar Tree, Kabab City, Me n Ed's, Taco Bell, Fosters Freeze, Subway, Dominos, Cricket, T-Mobile, Wells Fargo, Big Lots, Chase, Dollar General, Uncle Harry's, & many others! Reedley, California, in Fresno County, is 20 miles NW of Visalia, California (center to center) and 20 miles SE of Fresno, California. Part of the surrounding Fresno metro area, the city is not isolated. Reedley holds many festivals year round including Reedley Fiesta in October, the Christmas Parade in December, the Street Faire in May, the Certified Farmers Market, the Taste of the Town in September, and many other festivities to keep the residents and visitors busy and entertained. Situated along the Kings River, in the summer many local residents and visitors drive to Cricket Hollow Park and Reedley Beach.Suite H 75’ x 34’ Wide open space Accessed by three separate entrance doors with a rear storage room, 3 restrooms, and a rear private office 100% Leased Investment Opportunity: ±3,264 SF freestanding building on ±0.26 Acres (±11,514 SF) of General, Professional, and/or Medical space off Blackstone on Shields Ave. Offers (5) economical separately metered spaces leased to long-term tenants on AIR lease forms. Value-add opportunity with actual rents of $34,974.31/year collected plus upside through rent increases. After Suite #A and #B’s under-market rates are addressed and the built-in rental increases are experienced, the realistic 12-18 month stabilized gross annual income is $40,260 (15.12% upside). Unique investment offering easy-to-rent small office spaces within an under-built market (replacement value of $546K) with a strong need for these type of spaces. Once stabilized, the deal offers a 11.75% cash-on-cash return when leveraged with 30% down (1.76 DCR). Features a functional floor plan that each tenant has made substantial tenant improvements to. Multiple configurations ranging from 493 SF up to 816 SF with the ability to combine spaces to create larger units. Clean office spaces with fresh paint, new hard-surface flooring, and move-in ready spaces! Each unit has access to high speed Internet, separate meters, access to clean restrooms, private entrances (w/ secured entry gate), 20+ outdoor LED lights during the night hours, and consists of demising walls (can be combined). Brand new asphalt slurry coat, HVAC's and roof are less than 10 years old, full LED exterior lit private parking (plus street), excellent corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps.Prime ±722 - 1,225 SF retail shop spaces in Downtown Reedley with prime location in the City's epicenter of Downtown on Reedley's main commercial street. The ±1,225 SF retail space offers a large wide open storefront space with (1) rear private office & private restroom. The property sits comfortably in Reedley's primary retail corridor, and with its close proximity to a major highway access is easily accessible to motorists. Daytime population of nearly ±50,679 people within 5 miles of the subject property and located in close proximity to Reedley High School, Reedley College, & the Reedley Fire Department.