160 E Antelope Ave, Woodlake, CA
Long-term NNN lease with scheduled rent increase in Central California.
- Added:
- Oct 7, 2024
- Days on Market:
- 614
- Last Refresh:
- May 19 at 10:57 pm
Property Features for 160 E Antelope Ave
General Information
- Standard status
- Active
- Size
- 14,673 SF
- Lot size
- 0.96 Acres
- Property subtype
- RETAIL
Listing agent Jordan Shtulman
Listing office STREAM Capital Partners (312) 899-6664
Listing date Oct 7, 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 STREAM Capital Partners
HighLights
- Absolute NNN lease – zero landlord responsibilities
- Rare 10% rent increase in 2026 – average guaranteed return is a 5.31% cap rate
- Long term lease with over 13 years remaining on the initial term
- Complete market share – closest national drug store is over 11 miles away
- Hard corner location with double drive thru lane
- Central California location – 40 miles south of Fresno and 12 miles east of Visalia
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $440.2k | $30.00 |
| − Vacancy | −$24.2k | −$1.65 |
| EGI | $416.0k | $28.35 |
| − OpEx | −$104.0k | −$7.09 |
| NOI | $312.0k | $21.26 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Rite Aid Pharmacy — 160 E Antelope Ave, Woodlake, CA 93286
- Foothill Pharmacy — 250 E Antelope Ave # B, Woodlake, CA 93286
- Jerrys Drug — 250B E Antelope Ave, Woodlake, CA 93286
Location Insight
- Map
- Local Demand
- City
- Woodlake
- County
- Tulare
- State
- California
- Longitude
- -119.098
- Latitude
- 36.4167
