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    120 S Bridge St Visalia, CA 93291

    For Sale
    $7,812,500

    Freestanding movie theater with corporate guaranteed lease through November 2023.

    Property size:
    33,897 SF
    Lot size:
    0.78 Acres

    Property Features for 120 S Bridge St

    General Information

    Size
    33,897 SF
    Lot size
    0.78 Acres

    Source: KW Commercial | Central California 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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Regal Visalia Movie Theater

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    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.
    (559) 705-1000
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    Visalia, CA 93291
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 S Bridge St Visalia, CA 93291
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