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Shops to Save Mart & CVS Pharmacy 913 Sierra St 11,300 SF 100% Leased Retail Building Kingsburg, CA 93631 $4,970,000 ($439.82/SF) 6% Cap Rate
Investment Highlights
- 100%-Occupied Shops to Save Mart (Top 10% Nationwide) & CVS Pharmacy-Anchored Center With Long-Term Historical Occupancy
- Below-Market Rents With Annual Rent Increases: The Average Shop Rent Is $2.14 PSF; Anytime Fitness Signed a New Lease in 2022 for 3,600 Square Feet
- Excellent Visibility Along Primary Retail Corridor: Located at the Signalized Intersection of Sierra Street and 10th Avenue (26,000 CPD)
- Fully Occupied Daily Needs Tenant Mix – Port of Subs, Little Caesars Pizza, Shear Magic Salon, Poly Foot Reflexology, Koji’s Bento 2 Go
- Outstanding Co-Tenant Lineup in High-Performing Grocery and Drug-Anchored Center
- Affluent and Growing Demographics: Average Household Income of Over $108,000 in a 3-Mile Radius. The Number of Households Has Increased by Over 9.38%
Executive Summary
Shops to Dominant Save Mart (Top 10% in Chain Nationwide) and CVS Pharmacy | Long-Term Occupancy with Below-Market Rents | Affluent Central Valley Demographics ($108,000 in a 3-Mile Radius)
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
11,300 SF
Year Built
2000
Price
$4,970,000
Price Per SF
$439.82
Cap Rate
6%
NOI
$298,200
Percent Leased
100%
Building Height
1 Story
Building FAR
0.25
Lot Size
1.03 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 6
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Shops to Save Mart & CVS Pharmacy | 913 Sierra St
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