714-718 N 11th Ave
Hanford, CA 93230

100% Leased Investment Opportunity: Prime location offering ±1,032 SF of multi-tenant retail shop spaces on ±0.219 acres in the center of Hanford, CA. Offers (7) easy-to-rent retail spaces leased to long-term tenants - including Farmers Insurance - on professionally drafted leases. The property sits comfortably in Hanford’s primary retail area, and with its close proximity to a major highway access is easily accessible to motorists. Located in a very thirsty market for Retail spaces. Great visibility, convenient parking & easy access to CA-198 on/off ramps. Many front parking spaces available, and excellent existing signage.
The value-add opportunity consists of addressing the under-market rent of (6) tenants, and experiencing (1) lease extension over the next 6-12 months. Value-add opportunity with actual rents of $42,024/year collected plus upside potential. After addressing the under market rents, the annual income is $50,400/year. Unique investment offering easy-to-rent small spaces within an under-built market offering a strong need for these type of units.