Industrial Space Overview
This freestanding NNN investment property is located in downtown Hanford, just off 6th Street and mere blocks from Highway 198. The prime location offers convenient access to surrounding areas and is within walking distance of popular landmarks like Superior Dairy Ice-cream.
The 25,000 square foot property has been extensively remodeled to accommodate the needs of its long-term tenant, Ideal Furniture Gallery, who has recently extended their lease through December 2025. The building boasts a brand-new HVAC system and other upgrades, demonstrating the tenant's commitment to the location.
In addition to the retail space, the property also includes a 9,000 square foot basement that has been recently leased for storage, providing potential for additional income. The vibrant downtown area attracts quality tenants, creating a synergistic environment for Ideal Furniture Gallery to thrive.
The property offers a unique investment opportunity in an under-built market, with a high demand for retail spaces. The 8.89% cash-on-cash return, combined with a corporate tenant and a tenant responsible for expenses, makes this a highly desirable and secure investment.
The 25,000 square foot property has been extensively remodeled to accommodate the needs of its long-term tenant, Ideal Furniture Gallery, who has recently extended their lease through December 2025. The building boasts a brand-new HVAC system and other upgrades, demonstrating the tenant's commitment to the location.
In addition to the retail space, the property also includes a 9,000 square foot basement that has been recently leased for storage, providing potential for additional income. The vibrant downtown area attracts quality tenants, creating a synergistic environment for Ideal Furniture Gallery to thrive.
The property offers a unique investment opportunity in an under-built market, with a high demand for retail spaces. The 8.89% cash-on-cash return, combined with a corporate tenant and a tenant responsible for expenses, makes this a highly desirable and secure investment.
