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155 S 19th Ave 7,489 SF Retail Building Lemoore, CA 93245 $2,152,200 ($287.38/SF) 6% Cap Rate
Investment Highlights
- High-quality single-tenant NNN investment with zero landlord responsibilities
- Modern 2018 construction featuring steel and concrete masonry with fire sprinklers
- Strong 6 percent cap rate supported by stable annual NOI of $129,132
- Prominent corner positioning near Highway 41 offering significant market visibility
Executive Summary
Priced to sell. Great Dollar General opportunity with long term lease.
The building has +/-7,489 SF of rentable area of retail space. The property sits on +/-1.05 acres of land.
The asset offers prominent exposure with it’s dominant market presence. Constructed out of structural steel and concrete masonry are some of the attributes of this opportunity. The asset is insulated and has fire sprinklers. There is a freight door for deliveries in the building. Strong brand.
The building has +/-7,489 SF of rentable area of retail space. The property sits on +/-1.05 acres of land.
The asset offers prominent exposure with it’s dominant market presence. Constructed out of structural steel and concrete masonry are some of the attributes of this opportunity. The asset is insulated and has fire sprinklers. There is a freight door for deliveries in the building. Strong brand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,489 SF
Building Class
B
Year Built
2018
Price
$2,152,200
Price Per SF
$287.38
Cap Rate
6%
NOI
$129,132
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.05 AC
Zoning
CMU - Commercial Mixed Use
Parking
29 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
195’ on South 19th Avenue
Property Taxes
| Parcel Number | 023420022000 | Improvements Assessment | $1,338,621 |
| Land Assessment | $1,173,748 | Total Assessment | $2,512,369 |
Property Taxes
Parcel Number
023420022000
Land Assessment
$1,173,748
Improvements Assessment
$1,338,621
Total Assessment
$2,512,369
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155 S 19th Ave
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