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49 W Tulare Ave 14,490 SF Retail Building Tulare, CA 93274 $4,000,000 ($276.05/SF) 6% Cap Rate
EXECUTIVE SUMMARY
49 W Tulare Ave is a single-tenant retail property comprising approximately 14,490 square feet on a 1.56-acre lot, leased to State Foods Supermarkets. The tenant recently signed a 10-year NNN lease with options to extend. The property generates a stable net operating income of $240,000 annually, representing a 6% cap rate. As an added layer of security, the lease is personally guaranteed by both the CEO and CFO of State Foods Supermarkets, Inc. State Foods operates 10 locations throughout California’s Central Valley, reflecting a strong regional presence and operational stability. This well-located asset benefits from strong visibility, ample parking, and consistent consumer traffic, making it an attractive, low-risk investment opportunity with long-term income stability.
This well-located asset benefits from strong visibility, ample parking, and consistent consumer traffic, making it an attractive, low-risk investment opportunity with long-term income stability.
Property Details– Building Size: 14,490± SF– Lot Size: 1.56± Acres– Asking Price: $4,000,000.00– NOI: $240,000.00– Lease: 10 Year NNN Lease– Cap Rate: 6%– Tenancy: Single, State Foods Supermarket– Property Use: Owner/User, Investment– Zoning: C-4 (Service Commercial).
This well-located asset benefits from strong visibility, ample parking, and consistent consumer traffic, making it an attractive, low-risk investment opportunity with long-term income stability.
Property Details– Building Size: 14,490± SF– Lot Size: 1.56± Acres– Asking Price: $4,000,000.00– NOI: $240,000.00– Lease: 10 Year NNN Lease– Cap Rate: 6%– Tenancy: Single, State Foods Supermarket– Property Use: Owner/User, Investment– Zoning: C-4 (Service Commercial).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,490 SF
Building Class
C
Year Built
2001
Price
$4,000,000
Price Per SF
$276.05
Cap Rate
6%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
C-4 - Service Commercial
Parking
40 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Monument Signage
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 176-100-015-000 | Improvements Assessment | $2,124,782 |
| Land Assessment | $489,741 | Total Assessment | $2,614,523 |
PROPERTY TAXES
Parcel Number
176-100-015-000
Land Assessment
$489,741
Improvements Assessment
$2,124,782
Total Assessment
$2,614,523
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49 W Tulare Ave
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