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Owner User/Investment Retail Building in Exeter, CA

$450,000

258 W Pine St, Exeter, CA 93221

Active
Last Updated: 01/19/2024

6.81

Cap Rate

30,664

NOI

Details:
Cap Rate:    6.81%
NOI:    $30,664
Building Size:    3,000 sqft
Lot Area:    0.17 acres
Units:    3
Floors:    1
Highlights:
  • Well-Known Freestanding Retail Building In Exeter, CA
  • Owner User/Investment Opportunity w/ Great Potential
  • Open Retail Spaces w/ Restrooms & Storage Areas
  • Great SBA Loan Potential | Built in Passive Income From Barber
  • Great Visibility & Ample Street Parking Directly In Front of Building
  • Convenient Location Between CA-65 and CA-198
  • Close Proximity to Major Traffic Generators (W Visalia Rd)
  • Great Access & Visibility w/ Unmatched Level of Consumer Traffic
  • Quality Construction | Well Maintained | Economical Spaces
  • Investment Opportunity: Leased Freestanding Retail Building
  • Ample Parking, Quality Tenants, & Great Exposure
  • Easy Access | Separate Suites | Multiple Configurations
  • Requires Little Management or Maintenance
Description:

Investment opportunity: Freestanding building totaling ±3,000 SF on ±0.17 Acres (±7,414 SF) of retail space off W Pine St. Offers (2) available economical separate spaces to lease & one suite that is currently occupied all at a proforma rate of $1.25/SF/Month. Each unit features wide open area & storage room, plus private restrooms. Unique flexibility offering configurations ranging from ±1,000- 2,100 SF with the ability to combine spaces to create larger units via existing connecting doors between the units. Unique investment offering easy-to-rent small retail spaces in a under-built market offering a strong need for these type of spaces.

Attractive building offering strong demographics and traffic generators. Nearby CA-65 & 198 Freeways connect to all parts of central CA. On Pine St, just north of Maple St, west of G St, and east of S H St in Exeter, CA. Exeter is a city in Tulare County, California, United States. It is situated in the San Joaquin Valley near the foothills of the Sierra Nevada. Exeter is located on State Highway 65, 2 miles south of Highway 198 and 15 miles east of Highway 99. Professional manicured grounds and surrounded by lush landscaping with ample private parking. Close access to City Hall, & Exeter's Fire & Police Stations. Surrounding national tenants include McDonalds, Taco Bell, Save mart, Subway, Dollar General, Straw Hat Pizza, Rite Aid, R-N Market, & many others.

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