947 W Olive

    Porterville, CA 93257
    • $1,999,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: EV19130075
    UPDATED: 9 min ago
    $1,999,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,525
      SQFT
    • $567
      $/SQFT
    Type:
    Commercial
    Built:
    2009
    County:

    School Ratings & Info

    Description

    Starbucks anchored center. This opportunity is located at the foot of the off-ramp to Hwy 65 and on a busy signalized 6-lane corner (30,000 cars per day). The anchor, Starbucks has been successful at this corner since 2009 and recently early-renewed their lease for another 10 years. The second tenant, Cricket Mobile has also enjoyed success at this great location. The owner is so sure the one vacant unit (1,200 square feet) should re-rent soon they will consider guaranteeing rent for a year. Porterville is a pleasant agriculture-based community at the gateway to Sequoia National Forest, Giant Sequoia National Monument and King+GGs Canyon National Park. A growing community, Porterville+GGs population increased 48% in ten years. Please do not disturb tenants. Submit all offers.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-23T18:38:36.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.discoverslocountyrealestate.com/homes/95482761

    947 W Olive Porterville, CA 93257

    • Price: $1,999,000
    • Status: Active
    • Updated: 9 min ago
    • ID#: EV19130075
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    3,525
    SQFT
    $567
    $/SQFT
    2009
    Built
    County:
    Tulare
    Property Description
    Starbucks anchored center. This opportunity is located at the foot of the off-ramp to Hwy 65 and on a busy signalized 6-lane corner (30,000 cars per day). The anchor, Starbucks has been successful at this corner since 2009 and recently early-renewed their lease for another 10 years. The second tenant, Cricket Mobile has also enjoyed success at this great location. The owner is so sure the one vacant unit (1,200 square feet) should re-rent soon they will consider guaranteeing rent for a year. Porterville is a pleasant agriculture-based community at the gateway to Sequoia National Forest, Giant Sequoia National Monument and King+GGs Canyon National Park. A growing community, Porterville+GGs population increased 48% in ten years. Please do not disturb tenants. Submit all offers.
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Units Square Feet Topography Flat

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None Office Class A

    Property Features

    Additional Parcels YN No Anchors Co Tenants Starbucks Building Area Units Square Feet Building Status Existing Cap Rate 5.54 Country Us Gross Scheduled Income 110760.00 Investment Property YN Yes Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 110760.00 Number Of Units Leased 2 Property Sub Type Retail Special Listing Conditions Standard Water Source Public Year Built Source Assessor Zoning C-3

    Listing provided courtesy of Daniel Corcoran of Capre


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-23T18:38:36.87. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    RE/MAX Parkside Real Estate
    711 12th Street
    Paso Robles CA, 93446