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Fully Leased Retail Investment Opportunity

714 N 11th Ave, Hanford, CA

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For Sale

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Fully leased retail investment with long-term tenants and easy access.

Type:RETAIL

Property size:

3,772 SF

Lot size:

0.59 Acres

Price / SF:

$152/SF

HighLights

Fully leased investment with long‑term tenants providing immediate income.
High cap rate: 5.18% existing, increasing to 6.64% after rent increases.
Excellent location with easy access from major corridors and highway 198.
Low maintenance and easy to manage.
Functional retail spaces that are easy to rent with multiple configurations.
Ample parking and great exposure.

We can help!

Listing Contact

Jared Ennis

For Sale

Contact for pricing

Fully leased retail investment with long-term tenants and easy access.

Type:RETAIL

Property size:

3,772 SF

Lot size:

0.59 Acres

Price / SF:

$152/SF

Added:: Jun 27, 2023
Days on Market:: 1084
Last Refresh:: May 19 at 9:10 pm

Property Features for 714 N 11th Ave

General Information

Standard status: Active
Size: 3,772 SF
Lot size: 0.59 Acres
Property subtype: RETAIL

Properties For Sale

at 714 N 11th Ave Contact us

We can help!

Listing Contact

Jared Ennis

Listing agent Kevin Land License #01516541

Listing office KW Commercial | Central California

Listing date Jun 27, 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

Fully leased investment with long‑term tenants providing immediate income.
High cap rate: 5.18% existing, increasing to 6.64% after rent increases.
Excellent location with easy access from major corridors and highway 198.
Low maintenance and easy to manage.
Functional retail spaces that are easy to rent with multiple configurations.
Ample parking and great exposure.

Overview

This fully leased investment property features functional retail spaces that are easy to rent. The property includes seven retail spaces, offering an investment opportunity with long-term tenants, low turnover, and low maintenance. The building is equipped with separate HVAC systems and meters. It provides easy access from surrounding major corridors and to Highway 198 on and off ramps. Excellent existing signage and ample parking contribute to great exposure. The property has a 5.18% existing cap rate and a 6.64% cap rate after rent increases. The property contains 3,772 square feet and features separate suites and multiple configurations.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.6k	$15.00
− Vacancy	−$3.3k	−$0.89
EGI	$53.2k	$14.11
− OpEx	−$16.0k	−$4.23
NOI	$37.3k	$9.88

3,772 SF · lease $15.00/SF/yr · vacancy 5.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$532.4K

$465.9K – $621.2K (±1% cap)

NOI $37,269 @ 7.0% cap · market cap 6.48%

Second Best

—

no second resolved use

Theoretical Best

Healthcare Medical

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,421 @ 7.0% cap · market cap 14.51%

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

Property Profile Location Intelligence

Current Use by Public Records

Farmers Insurance Insurance Agency Farmers Insurance - Jessica ... Insurance Agency

Suggested Use

Location Insight

Map
Local Demand

City: Hanford
County: Kings
State: California
Longitude: -119.655
Latitude: 36.3331

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For sale
Strip malls
CA
Hanford
714 N 11th Ave

What type of property is this?

Strip mall - Fully leased retail investment with long-term tenants and easy access.

Where is this strip mall located?

The property is located at 714 N 11th Ave Hanford, CA.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Fully leased investment with long‑term tenants providing immediate income.; High cap rate: **5.18% existing, increasing to 6.64% after rent increases.**; Excellent location with easy access from major corridors and highway 198.

714 N 11th Ave, Hanford, CA

Fully leased retail investment with long-term tenants and easy access.

Property Features for 714 N 11th Ave

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

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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