For Sale
$12,250,000

2104 Riggin AveVisalia, CA 93291

High-Yield Retail Property in Visalia, CA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A retail investment opportunity presents a 9,601 square foot property situated on a 2.18-acre lot in Visalia, California. The property, located at 2104 W Riggin Ave (APN 078-350-042), is zoned C-MU and features a Valero gas station, a convenience store, and a quick-service restaurant (QSR). The asking price is $12,250,000, translating to $1,275.91 per square foot. The property boasts long-term NNN leases in place with both local and nationally recognized tenants, providing a stable and substantial income stream. Recent improvements include a newly updated car wash and renewed leases with QSR tenants. The property benefits from its location in a rapidly developing area of Visalia, offering significant potential for future appreciation. This is an ideal opportunity for an owner-user seeking long-term supplemental income from existing NNN leases. Further financial details are available upon request. The property's strong tenant base, recent upgrades, and prime location make it a compelling investment prospect. This turnkey operation offers a rare chance to acquire a high-performing retail asset in a thriving market.

Highlights

  • $12,250,000 asking price for this Class A retail property.
  • 9,601 square foot building on a 2.18-acre lot in Visalia, CA.
  • Property includes a Valero gas station, convenience store, and QSR/fast food tenants.
  • NNN leases in place with long-term contracts.
  • New construction located in a rapidly developing area of Visalia, zoned C-MU (APN: 078-350-042).

Property Details for 2104 Riggin Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,601 SF
Class
A
Lot Size (sq. ft)
94,961 SF

Location Insight

City
Visalia
County
Tulare
State
California
Latitude
36.3570602
Longitude
-119.3152597
2104 Riggin Ave, Visalia, California

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2104 Riggin Ave
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