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Tuesday Morning, Visalia, CA

Tuesday Morning

CA, USA

Price $2,963,000
Cap Rate
NOI
Lease Term 10 Years
Lease Type NNN, with Tenant Responsible for All Expenses and Maintenance, Excluding Roof and Structure
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2018
Building Size 12,000 SF
Lot Size 1.27 Acres (55,312 SF)
Status Sold
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

LONG-TERM NNN LEASE
» Leased to Tuesday Morning for 10 years
» 10% rental increases every five years in initial term and option periods, providing a hedge against inflation
» Limited landlord responsibilities, presenting an ideal investment opportunity for an out-of-area investor

INFILL LOCATION IN REGIONAL POWER CENTER
» Prime location in Packwood Creek – East, part of Visalia’s largest power center
» Excellent location on Mooney Boulevard, Visalia’s primary retail corridor, with excellent visibility and access to 26,000 vehicles per day
» Part of the highly successful Packwood Creek Centers, with major national tenants, including Target, Lowe’s, Best Buy, PetSmart, Michaels, Cost Plus World Market, Pier 1 Imports, and Guitar Center

PRIME LOCATION IN REGIONAL SHOPPING HUB WITH LARGE CUSTOMER BASE
» Visalia is the largest city between Fresno and Bakersfield and has a trade area of approximately 528,000 people
» Population of 142,921 within a five-mile radius of the property
» Adjacent to a high-volume Costco, which draws an estimated 1.4 million customers annually from a significantly wide radius, greatly increasing Tuesday Morning’s customer base

NEW 2018 CONSTRUCTION
» High quality construction scheduled to be completed in 2018
» Built to tenant’s exact specifications, demonstrating long-term commitment to the location

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located in Packwood Creek – East, located on Mooney Boulevard, Visalia’s primary retail corridor, with excellent visibility and access to 26,000 vehicles per day. Packwood Creek – East and Packwood Creek – West make up Visalia’s largest power center, featuring major national tenants, including Target, Lowe’s, Best Buy, Michaels, Kirkland’s, Pier 1 Imports, Cost Plus World Market, and many others. Additionally, the property is directly adjacent to The Grove at Packwood Creek, a regional shopping center development that will feature Sportsman’s Warehouse. The property is also close to a high-volume Costco, which draws an estimated 1.4 million customers annually from a significantly wide radius, greatly increasing Tuesday Morning’s customer base. Other major shopping centers in the nearby area include Visalia Mall, anchored by Macy’s and JCPenney, and Sequoia Mall, featuring Sears and Regal Cinemas.

The property benefits from its prime location within a regional shopping hub. The property is supported by robust demographics, with a population of 142,921 within a five-mile radius. Additionally, as the largest city between Fresno and Bakersfield, Visalia serves as a regional trading center for an estimated 528,000 people living within the Tulare, Kings, southern Fresno, and northern Kern counties.

Contact Us About This Property

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