For sale
Showrooms
CA
Hanford
116 W 6th St

Prime Retail Space Investment

116 W 6th St, Hanford, CA

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For Sale

Contact for pricing

Leased retail space with long-term tenant in downtown Hanford.

Type:RETAIL

Property size:

25,000 SF

Lot size:

0.34 Acres

Price / SF:

$66/SF

HighLights

100% Leased Investment: Absolute NNN lease with zero landlord responsibility and guaranteed $500 annual increases through 2025.
Long‑Term Tenant: Ideal Furniture Gallery has occupied the 25,000 SF space since 2013 and recently extended their lease through 12/2025, with options through November 2037.
Additional Income Potential: A recently leased 9,000 SF basement provides additional income.
High Traffic Location: Situated off 6th Street and Douty Street with approximately ±41,825 cars/day.
Tenant Investment: Full building remodel and 2016 HVAC upgrades paid for by the tenant, demonstrating commitment.
Strong Financials: Offers an 8.89% cash‑on‑cash return when leveraged with 25% down (1.47 DCR).

We can help!

Listing Contact

Jared Ennis

For Sale

Contact for pricing

Leased retail space with long-term tenant in downtown Hanford.

Type:RETAIL

Property size:

25,000 SF

Lot size:

0.34 Acres

Price / SF:

$66/SF

Added:: Jun 28, 2023
Days on Market:: 1083
Last Refresh:: May 20 at 8:01 pm

Property Features for 116 W 6th St

General Information

Standard status: Active
Size: 25,000 SF
Lot size: 0.34 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jared Ennis

Listing agent Kevin Land License #01516541

Listing office KW Commercial | Central California

Listing date Jun 28, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Central California

HighLights

100% Leased Investment: Absolute NNN lease with zero landlord responsibility and guaranteed $500 annual increases through 2025.
Long‑Term Tenant: Ideal Furniture Gallery has occupied the 25,000 SF space since 2013 and recently extended their lease through 12/2025, with options through November 2037.
Additional Income Potential: A recently leased 9,000 SF basement provides additional income.
High Traffic Location: Situated off 6th Street and Douty Street with approximately ±41,825 cars/day.
Tenant Investment: Full building remodel and 2016 HVAC upgrades paid for by the tenant, demonstrating commitment.
Strong Financials: Offers an 8.89% cash‑on‑cash return when leveraged with 25% down (1.47 DCR).

Overview

This 25,000 square foot retail space is a 100% leased investment opportunity with a freestanding absolute NNN zero landlord responsibility guaranteed lease. The current tenant, Ideal Furniture Gallery, has occupied the space since 2013 and recently signed a lease extension through December 2025. The lease includes $500 annual increases through 2025. The tenant has made substantial improvements to the functional floor plan, including a full building remodel to suit their business needs. Upgrades in 2016 include brand new HVAC units paid for by the tenant. An additional 9,000 square foot basement is currently leased for storage. The property is located in vibrant downtown Hanford, positioned off 6th Street and Douty Street, which have high traffic counts. Ideal Furniture Gallery operates seven locations throughout central California from this location. Built-to-suit in 2013, the property has a newly remodeled interior, freshly updated amenities, and a pristine exterior. The building sits across from city-maintained free parking lots. The tenant has 12 years left in options through November 2037. The property is located in an under-built market with a strong need for these type of spaces.

Property Profile Location Intelligence

Current Use by Public Records

California Pawn Shop Discount Store Ideal Furniture Galleries Furniture & Home Goods

Suggested Use

Similar Places Nearby

American Flooring — 101 n douty st, hanford, ca 93230
Montpelier Flooring — 711 w ivy st, hanford, ca 93230
Robinson's Interiors Carpet One Floor & Home — 230 N 11th Ave, Hanford, CA 93230
S — 709 Kruger Ave, Hanford, CA 93230

Location Insight

Map
Local Demand

City: Hanford
County: Kings
State: California
Longitude: -119.645
Latitude: 36.326

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For sale
Showrooms
CA
Hanford
116 W 6th St

What type of property is this?

Showroom - Leased retail space with long-term tenant in downtown Hanford.

Where is this showroom located?

The property is located at 116 W 6th St Hanford, CA.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 100% Leased Investment: Absolute NNN lease with zero landlord responsibility and guaranteed $500 annual increases through 2025.; Long‑Term Tenant: Ideal Furniture Gallery has occupied the 25,000 SF space since 2013 and recently extended their lease through 12/2025, with options through November 2037.; Additional Income Potential: A recently leased 9,000 SF basement provides additional income.

116 W 6th St, Hanford, CA

Leased retail space with long-term tenant in downtown Hanford.

Property Features for 116 W 6th St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Hanford Commercial Daycare Opportunity

Hanford Triplex with Alley Access

Hanford Office/Residential Zoned Property

Mixed-Use Office Building with Parking

Hanford Triplex Investment Opportunity

Triplex Rental Property

Industrial Building on 1.78 Acres

Hanford Retail Anchor Space Available

Hanford Commercial Property For Sale

Leased Commercial Building Investment Opportunity

Hanford, CA Starbucks Investment Opportunity

Downtown Hanford Retail Space For Sale

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