116 W 6th St Hanford, CA
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Leased retail space with long-term tenant in downtown Hanford.
Type:RETAIL
Property size:
25,000 SFLot size:
0.34 AcresPrice / SF:
$66/SF- Added:
- Jun 28, 2023
- Days on Market:
- 1037
- Last Refresh:
- Apr 5 at 9:34 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
Listing agent Jared Ennis License #01516541
Listing office KW Commercial | Central California (559) 705-1000
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
Overview
Prime Retail Space Investment
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
Insight Report
Location Intelligence
Current Use by Public Records
California Pawn Shop
Discount Store
Ideal Furniture Galleries
Furniture & Home Goods
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
Location Insight
- Map
- Local Demand
- City
- Hanford
- County
- Kings
- State
- California
- Longitude
- -119.645
- Latitude
- 36.326
Nearby Similar for Sale
FAQs
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.
