120 S Bridge St Visalia, CA 93291
Freestanding movie theater with corporate guaranteed lease through November 2023.
Property size:
33,897 SFLot size:
0.78 AcresProperty Features for 120 S Bridge St
General Information
- Size
- 33,897 SF
- Lot size
- 0.78 Acres
Source:
Moodyscre
Listing Agent: Jared Ennis
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Visalia Theater Corporate Guaranteed Lease
This freestanding movie theater building is located in downtown Visalia. The property has been occupied by Regal Cinemas, Inc., a subsidiary of the Cineworld Group, since 1998. Regal has a corporate guaranteed lease extension through November 2023, with options through November 2043. Built-to-suit in 1998, the property has had recent tenant improvements, including a remodeled interior, updated amenities, and an updated exterior with landscaping. The 33,897 square foot building is located across from a city-maintained free parking lot. Downtown Visalia zoning motivates businesses to locate within the downtown area through incentives and zoning allowances. The property is located in a highly traveled area. The building houses a corporate tenant. The property presents an opportunity for a long-term investor looking for a corporate guarantee and a tenant who pays expenses directly.
Location Intelligence
Current Use by Public Records
Regal Visalia
Movie Theater
Location Insight
- Map
- Local Demand
- City
- Visalia
- County
- Tulare
- State
- California
- Longitude
- -119.2886304
- Latitude
- 36.329714
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FAQs
What type of property is this?
Theater & concert hall - Freestanding movie theater with corporate guaranteed lease through November 2023.
Where is this theater & concert hall located?
The property is located at 120 S Bridge St Visalia, CA.
What is the asking price?
The asking price for this property is $7,812,500.
What are key features of this property?
This property features: - Corporate guaranteed lease with Regal Cinemas provides secure, long-term income.; - Absolute NNN lease structure means zero landlord responsibilities.; - Long-term occupancy history (since 1998) with recent lease extension demonstrates tenant commitment.