Visalia Theater Corporate Guaranteed
120 S Bridge St, Visalia, CA
Freestanding movie theater with corporate guaranteed lease through November 2023.
Type:RETAIL
Property size:
33,897 SFLot size:
0.78 AcresPrice / SF:
$230/SF- Added:
- Jun 24, 2024
- Days on Market:
- 693
- Last Refresh:
- Apr 5 at 10:09 pm
Property Features for 120 S Bridge St
General Information
- Standard status
- Active
- Size
- 33,897 SF
- Lot size
- 0.78 Acres
- Property subtype
- RETAIL
Listing agent Jared Ennis License #01516541
Listing office KW Commercial | Central California (559) 705-1000
Listing date Jun 24, 2024
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
- 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.
- Located in the vibrant downtown of Visalia, benefiting from synergy with other quality tenants.
- Significant NOI increase potential with market rent adjustments over the remaining 24 years of options.
- Conveniently located across from a free, city‑maintained parking lot.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Regal Visalia
Cinema
Location Insight
- Map
- Local Demand
- City
- Visalia
- County
- Tulare
- State
- California
- Longitude
- -119.289
- Latitude
- 36.3297
Nearby Similar for Sale
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.
