GreenBean Retail Investment - Woodlake 8 cap | 515 W Naranjo Blvd
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GreenBean Retail Investment - Woodlake 8 cap 515 W Naranjo Blvd
5,680 SF Retail Building Woodlake, CA 93286 £911,881 (£161/SF) 8.25% Net Initial Yield
Investment Highlights
- Ten-year (10) lease term extending through 10/31/2028
- Currently in negotiations to extend term an additional five (5) years
- 3% annual increases with a strong financial tenant
- Large land parcel with other additional income opportunities
Executive Summary
Colliers, as exclusive advisor to the Seller, is pleased to present this unique valueadd opportunity to acquire the fee-simple interest located at 515 West Naranjo Blvd., Woodlake, CA. The Property is a NNN investment opportunity, with development potential, currently at a 100% occupancy rate with a single tenant usage. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the
Portfolio.
The 5,680 SF Property resides on approximately 2.31 AC along West Naranjo Boulevard, one of the most traveled thoroughfares in the City of Woodlake, which is less than half of a mile west of Bravo Lake Botanical Garden. The location is situated in the heart of Woodlake, just
over ten (10) miles northeast of the boundary in the City of Visalia, CA. The property caters to medical, technology and traditional retail tenants who require class “B” retail space in the high desirable NW Tulare County submarket with close proximity to Woodlake Village and top rated public and charter schools.
Portfolio.
The 5,680 SF Property resides on approximately 2.31 AC along West Naranjo Boulevard, one of the most traveled thoroughfares in the City of Woodlake, which is less than half of a mile west of Bravo Lake Botanical Garden. The location is situated in the heart of Woodlake, just
over ten (10) miles northeast of the boundary in the City of Visalia, CA. The property caters to medical, technology and traditional retail tenants who require class “B” retail space in the high desirable NW Tulare County submarket with close proximity to Woodlake Village and top rated public and charter schools.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,680 SF
Building Class
C
Year Built
2018
Price
£911,881
Price Per SF
£161
Net Initial Yield
8.25%
NOI
£75,230
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
2.31 AC
Zoning
CS - Commercial
Parking
1.76 Spaces per 1,000 SF Leased
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 060-290-068-000 | Improvements Assessment | £387,703 |
| Land Assessment | £136,915 | Total Assessment | £524,619 |
PROPERTY TAXES
Parcel Number
060-290-068-000
Land Assessment
£136,915
Improvements Assessment
£387,703
Total Assessment
£524,619
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GreenBean Retail Investment - Woodlake 8 cap | 515 W Naranjo Blvd
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