- For Sale $9,000,000
- Property Type Retail
- Property Size 17,313 SF
- Lot Size 1 Acre
- Additional Rent Contact for pricing
- Building Class B
- Date Updated Oct 10, 2024
The property is zoned D-MU (Downtown Mixed-Use) and features ± 17,313 square foot building, with private parking lot and drive-thru, on a 1 Arce Parcel (±43,560 SF)
Offered at $9,000,000, this property boasts a stable 5.77% CAP Rate for an opportunistic investor. The property is currently owned by Citizens Business Bank (BBB + long term credit rating via Fitch). The lease relieves the owner of all operating expenses and boasts a solid starting NOI of $519,390 annually equal to $43,282.50 in monthly cash flow.
A new Pure Triple Net (NNN) lease will commence upon the close of escrow and will be a 15 year lease with 1 five-year fixed option to extend. The lease carries 2% annual increases.
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Location
Getting Around
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Walk Score ®
94/100
Walker's Paradise
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Bike Score ®
63/100
Bikeable
- City Visalia, CA
- Neighborhood Downtown Visalia
- Zip Code 93291
- Market Central Valley
Points of Interest
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76
0.39 miles
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Chevron
0.83 miles
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Speedway
1.21 miles
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Flyers
1.39 miles
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Shell
1.81 miles
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76
1.87 miles
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Valero
2.07 miles
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Valero
2.30 miles
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Valero
2.33 miles
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Chevron
3.02 miles
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Kaweah Delta Parking Garade
0.37 miles
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Vintage Press
0.16 miles
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A&W
0.19 miles
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Bravo Farms Smokehouse
0.26 miles
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Pita Kabob & Grill
0.40 miles
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Elderwood Restaurant
0.41 miles
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Colima Mexican Restaurant
0.42 miles
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Quiznos
0.46 miles
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Sushi Ku
0.67 miles
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Marie Callender's
0.82 miles
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Habit DriveThru
0.86 miles
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Smart & Final
0.14 miles
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best buy market
1.18 miles
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Mary's Vinyard
1.37 miles
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Walmart
1.50 miles
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Visalia Mall
1.57 miles
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Kmart
1.63 miles
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Save Mart
1.79 miles
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Walmart Neighborhood Market
1.89 miles
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Sequoia Mall
2.21 miles
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Walmart Supercenter
2.36 miles
Frequently Asked Questions
How much does Citizens Business Bank cost?
The space currently listed for sale at Citizens Business Bank asks for $9,000,000.
What is the total square footage of Citizens Business Bank?
Citizens Business Bank totals 17,313 square feet.
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Contact Listing Broker
Brett Fugman Is this you?
Fortune Associates
