• 1735 E Walnut Ave, Visalia, CA 93292

For Sale

Office
Retail

For Sale

This property is available for sale
1.56
Acres
$7,995,000
Sale Price
  • Year Built
    2006
  • Total Building Size
    19,570 RSF
  • Overview

    This prime Retail investment property, is in the heart of East Visalia, CA. Visalia, serves as the economic center of the Sequoia Valley region, which is one of the most productive agricultural areas of the entire USA. Due to this strong agricultural presence, many of the workers live locally, which contributes to the more than 147,000 residents within a 5-Mile radius. In addition, the local market has a healthy quantity of other strong retail tenants such as Walmart, Costco, McDonalds and more. We are pleased to present this popular Rite-Aid located in Visalia, CA with a Price Improvement.​ This Rite-Aid is one of the top producing stores within the California Central Valley and features a double drive through facility/prescription drive thru and has a strong operating history.​ Rite-Aid's popularity with the community and its 20-year commitment with 6 additional successive terms of five (5) year each (options) to extend (Rent Increase 5% per option), demonstrates their commitment to this location.​ Rite-Aid is located on a hard corner with excellent visibility and high traffic count.​ Centrally located, this prime Retail net investment property, is in the heart of East Visalia, CA and operates as a high performing essential services business.​ In addition to the Drive Thru Pharmacy, the building contains approximately 17,272 SF of interior space there is also ample Parking Spaces and is on a NN lease.​ With a 2020 population of 137,272, it is the 44th largest city in California.​ Visalia is currently growing at a rate of 1.28% annually and its population has increased by 10.31% since the most recent census, which recorded a population of 124,442 in 2010.​ Spanning over 38 miles, Visalia has a population density of 3,620 people per square mile.​ Visalia serves as the economic center of the Sequoia Valley region, which is one of the most productive agricultural areas of the entire USA.​ Due to this strong agricultural presence, many of the workers live locally, which contributes to the more than 147,000 residents within a 5-Mile radius.​

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Property Details

PRIME Net Leased Investment - Rite Aid

This prime Retail investment property, is in the heart of East Visalia, CA. Visalia, serves as the economic center of the Sequoia Valley region, which is one of the most productive agricultural areas of the entire USA. Due to this strong agricultural presence, many of the workers live locally, which contributes to the more than 147,000 residents within a 5-Mile radius. In addition, the local market has a healthy quantity of other strong retail tenants such as Walmart, Costco, McDonalds and more. We are pleased to present this popular Rite-Aid located in Visalia, CA with a Price Improvement.​ This Rite-Aid is one of the top producing stores within the California Central Valley and features a double drive through facility/prescription drive thru and has a strong operating history.​ Rite-Aid's popularity with the community and its 20-year commitment with 6 additional successive terms of five (5) year each (options) to extend (Rent Increase 5% per option), demonstrates their commitment to this location.​ Rite-Aid is located on a hard corner with excellent visibility and high traffic count.​ Centrally located, this prime Retail net investment property, is in the heart of East Visalia, CA and operates as a high performing essential services business.​ In addition to the Drive Thru Pharmacy, the building contains approximately 17,272 SF of interior space there is also ample Parking Spaces and is on a NN lease.​ With a 2020 population of 137,272, it is the 44th largest city in California.​ Visalia is currently growing at a rate of 1.28% annually and its population has increased by 10.31% since the most recent census, which recorded a population of 124,442 in 2010.​ Spanning over 38 miles, Visalia has a population density of 3,620 people per square mile.​ Visalia serves as the economic center of the Sequoia Valley region, which is one of the most productive agricultural areas of the entire USA.​ Due to this strong agricultural presence, many of the workers live locally, which contributes to the more than 147,000 residents within a 5-Mile radius.​

  • Property Type
    Office, Retail
  • Year Built
    2006
  • Sale Price
    $7,995,000
  • Total Building Size
    19,570RSF
  • Total Acres
    1.56
  • Sale Status
    Available
  • Last updated
    Feb 09, 2021
  • Property ID
    2046315

Landlord's Sales Representative

  • Carmen Gray